It is a little confusing why they paid 8mil in tax. That is a good question, an answer would be good.
My thought was it was to do with the assumed unpaid tax liability from ISP making 20mil profit the prior year plus CLG's 3million tax.
I could be wrong as mentioned, long while since doing business combinations. But if there was a tax liability, it obviously cant be capitalised on acquisition.
More clarity from the company, a more concise report would help their shareholders significantly.
Ann: Annual Report to shareholders, page-184
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Last
18.5¢ |
Change
0.010(5.71%) |
Mkt cap ! $98.39M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.5¢ | $65.14K | 356.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 54000 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 112204 | 6 |
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| CLG (ASX) Chart |