TGR 0.26% $3.89 tassal group limited

AGM Presentation 2017

  1. 10 Posts.
    I'm reviewing the Tassal AGM Presentation 2017. Does anyone know what is meant by "Statutory" results versus "Operating" results?

    For example:

    Statutory NPAT: $58.08M
    Operating NPAT: $42.19M

    I've searched Google but I can't find an exact match for the terms. The closest I've found is:


    Net Operating Profit After Tax (NOPAT):  a measure of profit that excludes the costs and tax benefits of debt financing.

    Statutory profit: the bottom line of a company's profit and loss account. It includes everything that must be added and deducted from revenue to comply with legal and accounting requirements.

    According to these two definitions, I would expect Statutory NPAT to be lower than Operating NPAT.

    Thanks
 
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