Concur with you, doubt if company like AIR would adopt any dubious accounting practices.
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Consumer confidence improving nicely
http://www.sharechat.co.nz/article/e...rest-rateshtml
Nothing like cheap money to stimulate things along nicely is there mate as well as record new migrants, (60,000 from memory) ! Can borrow for 2 years fixed at 4.39%...been a bean counter for a very long time and can't remember the last time I saw that, maybe never seen it before in my lifetime ? We now have FL280...FL290 next week and FL300 by end of the month eh. Keep steadily gaining altitude after that too. Strap yourself in for the best long haul flight experience of your life mate.
$2.795.. Pushing it!
Read Note 3 of the Annual Financial Statements
Key points-
1) AIR tax for year slightly more than corporate rate of 28%
2) Minimal movements in deferred tax accounts which one might expect
3) AIR don't have any tax losses carried forward to do anything with
My conclusion - all kosha as they say