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Originally Posted by winner69
Maybe ‘leases’ now showing as finance costs?u
Accounting treatment for leases these days seems to break up the lease payments into
1. Depreciation for right of use of assets
2. Interest on leases
So EBIT could be before he interest on leases and since STU claimed a tax credit for losses in the last FY, it stands to reason that it will have to provide for tax on profits.
That's my reading.
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