It's a non-cash adjustment to the balance sheet. Essentionally long-term liabilities (provisions) are reduced by the adjustment amount. I don't see how they can get out of tax as presumably provisions were used to reduce tax in prior years, and this is now reversed. No doubt this is overly simplistic as the real tax position is always complex.
NTA per share will increase nonetheless so good news for you shareholders.
- Forums
- ASX - By Stock
- ROC
- roc exits bmg
roc exits bmg, page-10
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ROC (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.52M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11843 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 74526 | 1 |
Last trade - 10.06am 02/12/2024 (20 minute delay) ? |
Featured News
ROC (ASX) Chart |
Day chart unavailable
The Watchlist
NXD
NEXTED GROUP LIMITED
Nick Poll, Managing Director
Nick Poll
Managing Director
SPONSORED BY The Market Online