There's no franking because WIP in professional service firms is not taxable income, plus disbursements incurred for clients are deductible when paid. Both amounts are taxable when billed. So in a growing firm the taxable income will trail accounting profit. In Shine's case to the tune of about $300m over the last 10 years (which was pretty much the difference the Michael West article identified as "inexplicable").
Ann: J&J/Ethicon Mesh Class Actions Update, page-58
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Last
87.0¢ |
Change
0.020(2.35%) |
Mkt cap ! $150.5M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 87.0¢ | 85.0¢ | $64.74K | 75.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31801 | 86.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 9837 | 1 |
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| Last trade - 15.55pm 15/11/2024 (20 minute delay) ? |
| SHJ (ASX) Chart |