The reason Andover is not declared is that of financial engineering. The full year depreciation charge will be £9m starting from when it ceases to be a 'development' and is operational.
At the analysts briefing at the interim results when DT-B was asked when this cost would start to hit the P&L his reply was "the last Quarter of 2016", that is September - October. Seeing through the BS, a poor 2016 result to come anyway would have looked a complete financial disaster if… Read More
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