RE: RNS - AGM24 Jun 2021 16:45
BKR share is dealt with as a balance sheet item. P&L account shows all BKR income. Vendors are paid out of capital ie after tax - but as Serica have tax losses there is no tax to pay. Company has (cleverly) used tax losses to part fund purchase of these assets. Deferred purchase consideration is carried in the balance sheet as a liability, reduced as payments are made, and adjusted annually to reflect anticipated income.