Hi ShareBeers yes there are some major variable inputs which need to be considered as you point out:
With the iron ore price at these levels the projects profitability grows substantially and therefore so does the need to consider corporate tax.
Tax comes into play with profits approaching $66m.
- VMS has tax losses available to offset future profits totalling $66m as at 30 June 2020 ( see annual report 2020 page 54)
So in your last scenario: a simple calculation approach
Net profit after tax calculation could look like:
Net profit before tax $135m
less Tax losses available $66m
Taxable Income $69m
tax @ 26% =$18m.
Net profit after tax = $135m - $18m = $117m based on your assumptions.
cheers
- Forums
- ASX - By Stock
- Riley
Hi ShareBeers yes there are some major variable inputs which...
-
- There are more pages in this discussion • 532 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CRI (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $32.04M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.2¢ | $58.31K | 4.567M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 2623558 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 290000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1623558 | 0.012 |
18 | 6619640 | 0.011 |
15 | 8255099 | 0.010 |
9 | 5249333 | 0.009 |
6 | 4668246 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 150000 | 1 |
0.014 | 480346 | 3 |
0.015 | 999935 | 4 |
0.016 | 994330 | 3 |
0.017 | 760000 | 4 |
Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
Featured News
CRI (ASX) Chart |