Forum Archive Index - December 2000

["Rajesh Vaidya" <rajesh@hooked.net.nz>]

Dear Derek,

I  would be obliged if you let me know, the goodwill received is taxable
under the income tax or it is exempt income.

regards,

rajesh

-----Original Message-----
From: Derek <dkw@paradise.net.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Tuesday, December 05, 2000 3:59 PM
Subject: Re: Re: [sharechat] Advantage Q1 Result


>>Advantage Group told shareholders at its annual meeting
>>that for the three months ended 30 September 2000 it had
>>achieved a surplus before tax and goodwill of $3.81 million,
>>including a profit of $2 million from the sale of
>>CommSoft shares.   The result does not include a
>>write-downs from the sale of FlyingPig, which occurred
>>in the second quarter and will be detailed when the
>>company posts its interim result.
>
>This makes one wander how much the goodwill & flying-pig
>costs are.
>
>Take out the one-off CommSoft sale and have they really
>make a profit at all on normal operations?
>
>Derek
>
>
>
>
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