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Tax and interest have already been taken off the profit for the year. What must you do to get back to the profit from operations?
Vantor plc reported a profit for the year of $150 000 after charging tax of $18 000 and finance costs (interest) of $8 000. Calculate the profit from operations to be used as the starting point of the statement of cash flows. Give the value only.
[2 marks]
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