The $362m Deferred Tax is actually a deferred tax asset which is a regular item in AAB's income statements and should not be considered a one-off item.
As for the $320m gain on disposal of AAE Travel, it should be considered a one-off item when determining core profit. Similarly, the $1.374b impaired forex losses on outstanding loans and $601.7m gains on the amounts due from associates or joint-ventures should be excluded as well.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
joe_kly_68
1 posts
Posted by joe_kly_68 > 2016-05-20 20:31 | Report Abuse
wow have other view of AA good advice.