If its after EBIT, read this.....it's an old not update finance income category but should give u an idea...where it fall in.

http://www.astrazeneca-annualreports.com/2007/financial_statements/notes_to_the_financial_accounts_group/note3.asp

Then it's treated as financial income.....which will be added to EBIT, that's how you get it (net profit) higher. What is financial expense then? I trust it must be relatively low to FI otherwise the net wont be higher than OP

Honestly I would check again! Because the Efficiency (asset and account receivable calculation against Revenue will be affected) calculation will all be out. I ask the earlier question because if added b4 EBIT, chances are it is in Revenue or category of non OP income. If in Revenue, it would be fine but not in Financial income category. If then it happens, you efficiency measurement versus Performance will totally be out.

Btw my only real critism is only at Tonylim and not you guys ok!

It's exactly what I wrote there.......accuracy number one and second you guys can't take critism .....so what if you are wrong. I think it's better to be accurate.........

I rest my case......if Fat Cat was bullied, I am no Fat Cat....hahahahaha

Since I am challenge on my accounting, I would like to ask the JV and associate number fit in before or after EBIT?

I hope readers understand where I am coming from. One cannot calculate without understanding where the numbers fit in. Otherwise you will get an inflated non essential numbers which in return will inflate the other essentials.

Ok? Your financial income is added only after the EBIT but your revenue remains consistent. !

Only way is that is recorded in Financial income and not revenue! But then again your calculation is against revenue isn't it?

Btw if you are an accountant, this has been restructured some time back and constant revision since Enron. In addition, the number would be large if your % shared is correct to be hidden anywhere as Financial Income that would have the after taxes to be high.

In you claim this is flat down, I suggest you rebook at accounting structure again. JV partners will have their accounting numbers lower at EBIT. If you still insist, then I would say both sides recording the JV numbers, this will be double accounting.

Also your margin proportion of Revenue ( which include the JV before apportion) against the net income (where the apportion of the JV has been remove) is not correct. That's why u get the number higher lah......

Your Net is still higher becoz your apportion has not been excluded yet.......you should exclude what is the proportion first for the JV. It's just like akin to saying you gain on forex and reported surplus but is it really revenue growth?? It is if every year you can do the same forex gain or extraordinary income.

Well you said it, I will be right ! Even if I did laugh, in general I am not wrong !!! Net should not be higher than OP...what u are stating is only proportion back by the venture and to associates. If flat down accounting, you can never get a higher net! So don't think otherwise.

OP is Revenue minus Operating Expense!.....so much for a FA sifu.....kakakakaka

Hahaha

What is Operating income/profit? Net income is after all taxes and OP is before....so how lah?

:) ask admin is all I can say OTB

Someone alredi pointed out the FA mistake.....OTB, read lah......hahahahaha. Enjoy yourself OTB making everyone here especially Inwest88 and Tonylim.

OTB, I suggest you ask admin if its true we are the same person. Then you will not shiok sendiri thinking only 1 of same person disagree with you. Lol

Did I just state another fact?

You inwest88 , is the one running me down!

Did I say his pick is not good?

Which part did I run down others?

Which ever it is inwest88 it's none of your business......if OTB is writing to market himself and that is a fact, who are u to stop what I say?

Inwest88, what happen to freedom of speech?

Post removed.Why?

Post removed.Why?

Case in point OTB wanted to leave the forum moons ago......see he is still here. He is having too much fun here marketing himself.......hahahahaha and what about yoyo yo Tonylim.....who enjoy take away.....must call Tonylim aka Domino the take away king. Alway ambit info and run....call others retard but we know him better.

Hahaha Grandma, you will learn these guys are shiok sendiri team. Information provided no guarantee of accuracy. .......lol they also cannot take question one ......leave critism.......