Taken from Stockhouse, including SRB
Theory from poster based on POE figures presented in Q1 report:
50% Tax + 5-15 % (sliding scale) royalty
+ SRB (Approx. 22%-37.5%) after tax of
profits, once capital is recovered
The $11,335,000 SRB charge they have in the 1st quarter 2008 report is 37.15% of Revenues after royalties and not including interest. I don't quite understand how they are calculating it.
Shouldn't the SRB be calculated after tax.
eg:
Income before tax = 24,761,000
Tax @ 50 % = 12,380,000
Income after tax = 12,380,000
SRB @ max 75% = 9,285,000 (I know this is high, but I just used the MAX to make the numbers jive)
Net Income after tax and SRB = 3,095,000 + interest = 265,000
Total Net Income 3,360,000 = .075 share.
Adds up to almost the same amount, but I just don't understand how they got $11,335,000 for the SRB or the current and future income tax numbers either. Just makes no sense.
Reply from POE CFO after querying:
You are close - the SRB is calculated pre-tax therefore it is 11mm/28mm
(as you would add back non-cash depletion and stock comp)or approximately
39% of profits. It is then deducted for tax purposes, therefore having an
after tax effect of 20%, not 39%.
- Forums
- ASX - By Stock
- tax
Taken from Stockhouse, including SRBTheory from poster based on...
Featured News
Add CVN (ASX) to my watchlist
|
|||||
Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 16.0¢ | $212.4K | 1.295M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 207534 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 290418 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 262911 | 0.160 |
14 | 735009 | 0.155 |
19 | 533523 | 0.150 |
23 | 500851 | 0.145 |
7 | 426114 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 873574 | 8 |
0.170 | 1672192 | 16 |
0.175 | 1371820 | 13 |
0.180 | 1219701 | 11 |
0.185 | 932277 | 9 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |