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
81.0¢ |
Change
-0.010(1.22%) |
Mkt cap ! $140.3M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 82.5¢ | 80.5¢ | $14.27K | 17.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4119 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 1385 | 1 |
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| Last trade - 15.43pm 17/09/2024 (20 minute delay) ? |
| SHJ (ASX) Chart |