Let's not forget that in 2021 underlying earnings understated NPAT by 50% or more.
So they are not always making the official numbers look better.
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Let's not forget that in 2021 underlying earnings understated NPAT by 50% or more.
So they are not always making the official numbers look better.
I am not sure if the text above was a typo or an exceptionally clever but subtle dig at accounting reporting standards which I was a bit slow to recognise. It is very funny though.
'EBITDA' means 'Earnings Before Interest Tax Depreciation and Amortisation'
'EDITDA' means take away the annual depreciation and amortisation adjustments from earnings and 'Edit' your remaining net earnings in whatever way you like.
It looks like there has been quite a bit of 'EDITDA' reporting in the retirement sector over the last few years. LOL!
SNOOPY
Its clearly stated in OCA account's directors will make up there own assumptions of underlying profit and report this as there results.
To some it's more important to be technically correct than fun at parties.
Bull isn’t focused on grammar. Cross referencing hog futures against dry bulk ratios across 6 screens, juxtaposing the 2 month lag in Jackson hole references to “transitory” to Nz retiree count in Nelson district takes concentration people.