No reply from minority, because no answer to why a loss-making company NEEDS to pay taxes???????????
Ha ha ha!
So you can imagine, without all those maneuvering and large asset depreciation, how profitable PUB will need to report in net profit (in addition to cash profit which is NOT readily obvious on their financial statements)!
Imagine, instead of quick depreciation of assets,
PUB adopts the depreciation schedule similar to those drawn up by LTA for 99-years Leasehold land, where for the first 40 years depreciation only depreciate ~20%, then PUB will report huge net profits (in addition to net cash profit)!
Why nobody question such abnomality:
1) Company must adopt straight line or conservation quick depreciation of their assets.
while 2)
LTA recommends valuation of 99-years leasehold land based on some weird schedule where an asset is supposed to last 99-years and LTA recommends valuation of
only 20% drop in value over >40 years (i.e. >40% of their life span spent) while companies need to depreciate their assets by >40% over 40% of their life span?