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Re: The Spring of Discontent
Posted: Mon Feb 20, 2023 9:33 pm
by Mellsblue
Son of Mathonwy wrote: ↑Mon Feb 20, 2023 8:12 pm
Mellsblue wrote: ↑Mon Feb 20, 2023 12:15 pm
Son of Mathonwy wrote: ↑Mon Feb 20, 2023 11:52 am
75m is just 2.3% of Centrica's 3.3BN 2022 profit.
Not really that simple. That’s their profit before interest and taxes, and their effective tax rate is currently 65%.
I’m also fairly sure that figure includes overseas subsidiaries.
Okay, their profit after tax is 2.1 BN, their effective tax rate is 34% and geographic split of UK to total is 74% for revenue, 85% for assets.
https://www.centrica.com/media/6020/cen ... cement.pdf
As I said, not really that simple.
Re: The Spring of Discontent
Posted: Tue Feb 21, 2023 2:54 pm
by OnlyMonikerRemaining
Late to this but mine has come down by over 50% so I have switched to a 3 times faster deal with enhanced support for less money. Zen if anyone is interested
Re: The Spring of Discontent
Posted: Tue Feb 21, 2023 8:51 pm
by Son of Mathonwy
Mellsblue wrote: ↑Mon Feb 20, 2023 9:33 pm
Son of Mathonwy wrote: ↑Mon Feb 20, 2023 8:12 pm
Mellsblue wrote: ↑Mon Feb 20, 2023 12:15 pm
Not really that simple. That’s their profit before interest and taxes, and their effective tax rate is currently 65%.
I’m also fairly sure that figure includes overseas subsidiaries.
Okay, their profit after tax is 2.1 BN, their effective tax rate is 34% and geographic split of UK to total is 74% for revenue, 85% for assets.
https://www.centrica.com/media/6020/cen ... cement.pdf
As I said, not really that simple.
Still pretty simple.
It makes sense to use the pre-tax profit figure because that's the same way the effective tax rate is calculated. Sure, we can exclude roughly 20% of the total for non-UK business leaving us with 2.64 BN profit.
So 75m is 2.8% of Centrica's UK profit.