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Hello can you please help me with
Part iv of tufnell question? Why are they adding deferred tax provision and asset to Capital employed. Shouldnt liability be subtracted? Can you please help me understand the logic SirFor some strange reason, CE is defined as SC + Reserves, which is not normal.
The 2 adjustments represent items which are increasing profits and therefore increasing reserves.
If you need to come back to me, please use thread header ROCE rather than the name of the question.
🙂
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