GREY:ROAOF - Post by User
Comment by
Bigbadoilon Nov 01, 2005 12:54pm
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Post# 9796894
RE: Veselino
RE: VeselinoCash flow is always looked at BEFORE TAX.. basically its a company's internally generated funds flow (ablity to invest). profit is one component of it.. Profit/loss may have other determinants i.e. general corporate items (writedowns, depletion etc). Here Brenda is "ring-fenced" and all capital employed can be placed against production revenue. Once the threshold of total capital is reached, revenue is taxed at the UK rate.