adjusted income, page-11

Tintaburra also have tax losses and PRRT tax benefits to Drillsearch. Somehow, I prefer the BPT situation wherein they pay company tax and thus able to pay dividends that are fully franked. I have held shares in companies that relied on accounting tricks to avoid paying taxes. A lot of them eventually went belly up as the law eventually caught up with them. Either being asked to pay back taxes or the laws being changed to stop the rort.