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Notices
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Ashok (not verified)
12th May 2015 | 6:10am

Thanks Jason. Just one correction, I meant deferred taxes (not costs). Also to add, the adjustments to operating profit (removing one-offs) is increasingly being skipped by analysts on the pretext that they don't add-up to significant amounts (they don't move the needle much). But then analysts are always going to miss out on qualitative aspects of the biz if they don't attempt to make adjustments. Because in the process of making adjustments you are 'forced' to dissect the notes and amounts and discover new things.