I'm no accountant but the depreciation does not solely relate to fitouts. Note 34 in the annual report notes the majority of deprecation ($15 mil) relates to 'right of use assets' i.e. leases - rather than fitouts.
Note 20 shows that DSK actually paid $17.551 million in the 2023 FY year in lease payments.
Note 20 then shows that $19.248 million was included in the P&L in relation to the leases. I'm not 100% across the accounting here and why there is a difference of $1.7 million - however they are roughly similar.
My conclusion is that you cannot simply ignore the deprecation of $15,140 - this is not depreciation of their store fitouts but rather the value of the lease 'assets' that they hold.
I'm no accountant but the depreciation does not solely relate to...
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Last
66.0¢ |
Change
-0.020(2.94%) |
Mkt cap ! $41.09M | |||
| Open | High | Low | Value | Volume |
| 66.5¢ | 68.0¢ | 66.0¢ | $56.37K | 84.08K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4038 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 2385 | 1 |
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| Last trade - 15.25pm 06/06/2024 (20 minute delay) ? |
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Last
67.0¢ |
Change
-0.020 ( 1.47 %) |
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| Open | High | Low | Volume | ||
| 66.5¢ | 67.5¢ | 66.0¢ | 17872 | ||
| Last updated 15.33pm 06/06/2024 ? | |||||
| DSK (ASX) Chart |