Playing it reasonably nicely
Quote:
Originally Posted by
noodles
I'm not sure if the last 2 years can be relied on. There have been significant costs being taken out of the business including the banking licence effect. Obviously i need to dig into this a bit more.
EDIT: Ok digging more
Here are the last 2 year "
Profit before impaired asset expense and income tax"
1h12 |
9400 |
2h12 |
19937 |
1h13 |
20200 |
2h13 |
16340 |
Definitely seasonality in FY12, but the opposite seasonality on FY13. It's all over the place.
Now if you were Snoopy I would invoke Note 36(e) [2013FY Financials] on you :scared:. This adds back in another $6M1 to your 2h13 figure.
But you are not so I will not :).
I understand that Snoopy is busy staring at the 'Significant Reduction in Non‐Core Property' slide of the Acquisition Presentation and trying to find an interpretation that fits his belief.
Best Wishes
Paper Tiger