Transcript
So we go to the bottom of the balance sheet and check that it balances. And it does balance in every year So I now go looking for unusual figures, figures that seem a little out of place If you do want a tee up, have a look in income statements. You may want to pause the recording now and have a look So let's go up to the income statements In the income statement historically, there don't seem to be any issues We do notice in column F, that there's no interest income or expense expense But that's because the switch has not been turned on, so that's okay If you go to the right hand side and go to the final column though, you notice that tax expense is zero And that is surprising, as there's earnings before tax If I click into it, into O22 What I would expect to see would be an O, column O reference for the assumption times by O21 for earnings before tax What I notice is P. P is referring to the next year, why am I getting an assumption for the next year? Moreover, if you look at column P, column P is completely empty If we go to P7, it is an empty cell So to correct this, we actually have to go back to our first column, column F And we notice that this is linking to G7, so I need to correct that Let's change that to F7, copy it right and now tax has filled itself in all the way up to column O