24-02-2017, 08:39 PM
(24-02-2017, 06:42 PM)soros Wrote: The latest accounts for Standard Chartered year ending 31 Dec 2016 page 77 refers.
http://iis.aastocks.com/20170224/002731275-0.PDF
Profit before taxation = 409 Mil
Taxation = 600 Mil
Loss for year = (191) Mil
How can any tax be greater than the profit ?
Not all expenses are allowed to deduct from taxable income. An impairment charge is not. There is a huge impairment charge, before the PBT.