BCN 4.35% 2.2¢ beacon minerals limited

Ann: Appendix 4E - Preliminary Final Report, page-17

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    Anyone else note that we made more profit on the books in 19/20 as we had to remove deferred tax liabilities. Bugger! Hopefully they can be used going forward it looks to be a technically in tax knowledge on how to report. Good to be sorted now and not 7 years down the road.

    Does anyone else find this mildly amusing, we complain we are undervalued and we cannot help ourself's being more profitable that actually reported in past years .

    Don't get me wrong I don't want BCN up for more tax, let's reduce it as much as possible but can you imagine a ASX200 company coming back to the market and saying, sorry we were actually more profitable last year than we reported?

    All the valuation models would be screwed!
 
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