What this is
First material payout to owners appears only after the year to February 2017 step-change (assumes residual = dividends).
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- RE FY2/17 26,313 + NI FY2/18 8,827 − RE FY2/18 32,157 = 2,983 (≈¥49,700/share)
- FY2/19: 32,157 + 13,389 − 45,547 = −1 ≈ 0
- First material payout to owners appears only after the FY2/17 step-change …
Related figures
Built from this one