Not an accountant but my understanding is that a company can offset losses with future profits. So my guess is that rio's underlying profit this year will be huge due to the surging iron ore prices and they won't have to pay tax this year because of large write down. A good result for them isn't it.
ouch, page-48
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$119.62 |
Change
0.250(0.21%) |
Mkt cap ! $44.40B | |||
| Open | High | Low | Value | Volume |
| $120.37 | $120.90 | $119.16 | $164.1M | 1.362M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $119.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.86 | 100 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |