cjs238

Thanks for your explanation. But if I may, I’d like to ask further to clear out something that’s bugging me or maybe I’m just missing out on something. Isn’t it that if we deduct the C (fixed financial cost) from OI, we will get the NI? If that’s the case, then why is the numerator without minus C described as the %change in NI and the denominator with minus C, described as the % change in OI.