from what i know depreciation should be an expenses under the cash flow statement, but when i look at the bread talk annual report 2016 i notice that it is income instead of exposes..
hope to get some enlightenment from all of your guys out there!!!
Depreciation are expense in the income statement but under the cash flow statement is is added back because they are being paid out. For instance, the company spend 10 million on capex, it had already been expense and paid already but if record on the statement will cause a big drop to the profit hence it is depreciate for 5 years in the income statement.
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