Explain in Financial numbers why MYR is bad ??, page-80

Myer generally has its net profit after tax at around 69 Million.

Last year they wrote off Topshop and a few items of Non cash write down.

That means they wrote off something that had no value, but it meant they only had to pay tax on 12 Million.

If you have ran a business and done a tax return then you will know thet a write off on tax, isnt as bad as it sounds, it lowers taxable income. They were entitled to make that deduction. They can only write something off Once.

But they have alot of good will they could write off, if it was me at the helm, Id write off 50m per year and use that to reduce taxable income 50m per year, saving 30% of 50m or 15m in tax per year saved.

Revenue for 1H 2018 is 1.7 Billion, this is a mammoth of a Company, if they tweak a few things the bottom line could be improved by many multiples.