Besides the obvious multiplication errors in some parts of the report - Could anyone please explain the Tax numbers for 2006.
My understanding was that all of the tax credits had been used last year - so I would expect about %30 Tax rate. BUT - the tax amount is only about %5 of the stated profit - OK make it %10 if you take out the accounting funnies. It still seems too low.
It seems the 'Real' profit may be a lot lower than stated (don't lie to the tax man - Him very nasty bugger !!)
This is not a critisim of the report - just trying to understand the numbers.
annual report
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