Wipper,
Re:
But I note also that the net depreciation charge was only $19m (see Note 6), which is frankly unbelievable given that book value of plant assets is approx.. US$18bn (see Note 8) and growing...
The majority of depreciation expenditure is reflected in "Cost of sales", not "Other expenses". $380 million to be precise; see Note 5.
stairs on the way up escalator on the way down, page-70
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