Vic Wasteland Thread - 15.0

[joeyjoejoejuniorshabadoo]

Speaking of parking, got 3 parking tickets in November (only finding out about them a few weeks ago because they had flown or were removed from the car) when parking at Essendon Airport long term. I called up the council saying I have receipts, why was I fined so many times? they said "we have photos here of your car with no ticket displayed" "that's because it's a ticketless parking system in the long term area!" goddamn inspectors are muppets. They must have fined every person in the car park.

That's stupid even for a council.

[Birds]

Can't find that meme of the guy who got fined by a council for no ticket displayed while he was walking from his car to the ticket machine

[KURAUN]

57 minutes ago, Birds said:

Can't find that meme of the guy who got fined by a council for no ticket displayed while he was walking from his car to the ticket machine

f**k that's harsh

[Birds]

46 minutes ago, KURAUN said:

f**k that's harsh

His letter back was hilarious. Said next time he'll try to throw coins into the coin slot of the parking meter as he's driving past to meet their requirements of having a ticket before you park

[Leroy Peterson]

"the clock starts the moment your tyres stop moving"
That's legit quote.

[Leroy Peterson]

Haven't used my Eastlink/Citylink pass on my own cars in a long time, and now im using it again seems to drain funds pretty damn quick. no tag = photo numberplate recognition thingy, price is 0.75c per trip (thought it was cheaper... used to be 0.25c on Eastlink).

Anyway, reading about the tolls roads... It hadn't ever occurred to me, that if you buy a 24-hour citylink pass, its a flat rate for 24hrs. But if you have a tag and use it three or more times a day its more expensive than tagless... and when Transurban was told about this they said people can remove the tag and get a pass if they like (but passes are limited to a certain amount per year. What bullshit.

[emts]

as as I drive a ute it's 150% the rate for a car,  van, 4wd or wagon, as naturally I'm a tradie

 

 

[joeyjoejoejuniorshabadoo]

1000 jobs to go by Wednesday. Wish me luck

[emts]

Did you keep the incriminating photo of your boss's boss from the chrismas party??

 

if so your fine.

 

never forget to update your CYA directory.

[HEKT1K]

2 hours ago, joeyjoejoejuniorshabadoo said:

1000 jobs to go by Wednesday. Wish me luck

If you get canned and are looking for a drinking buddy.. I am available 

[Birds]

*Versace glass not included

[Birds]

5 hours ago, Leroy Peterson said:

Haven't used my Eastlink/Citylink pass on my own cars in a long time, and now im using it again seems to drain funds pretty damn quick. no tag = photo numberplate recognition thingy, price is 0.75c per trip (thought it was cheaper... used to be 0.25c on Eastlink).

Anyway, reading about the tolls roads... It hadn't ever occurred to me, that if you buy a 24-hour citylink pass, its a flat rate for 24hrs. But if you have a tag and use it three or more times a day its more expensive than tagless... and when Transurban was told about this they said people can remove the tag and get a pass if they like (but passes are limited to a certain amount per year. What bullshit.

Wasn't citylink supposed to be paid off and toll free 20 years after being built or some shit

[emts]

40 years for the original contract.

 

but there will probably end up extensions for more works.

 

[Leroy Peterson]

Yeah I don't think a single modern toll Rd in Australia has actually switched to free.
Still shits me the transurban CEO is on like $2.3mil a year and pays more tax than the company itself.

[blah_blah]

1 hour ago, Leroy Peterson said:

Yeah I don't think a single modern toll Rd in Australia has actually switched to free.
Still shits me the transurban CEO is on like $2.3mil a year and pays more tax than the company itself.

What's is Transurbans taxable income?

Alot of the media sensationalise Corporate's paying no tax because they publish revenue figures not profit figures. 'XXX' company males $1 billion a year in revenue but pays no tax. No shit maybe because they are in a net loss/taxable income loss.

 

 

 

[emts]

now I'm no accountant....but

 

https://www.transurban.com/content/dam/investor-centre/03/FY17-Appendix4E.pdf

 

my no idea review shows

2083 M Revenue

1526 Mill EBITA

174 M Profit after that

35 M tax credits

 

for a net real profit of 209 M

 

 

[Leroy Peterson]

Something along the lines of high debt business writing off debt owed or repayments or whatever...
But yeah, I know media talks things up

[HEKT1K]

3 hours ago, Leroy Peterson said:

Still shits me the transurban CEO is on like $2.3mil a year

 

[blah_blah]

34 minutes ago, emts said:

now I'm no accountant....but

 

https://www.transurban.com/content/dam/investor-centre/03/FY17-Appendix4E.pdf

 

my no idea review shows

2083 M Revenue

1526 Mill EBITA

174 M Profit after that

35 M tax credits

 

for a net real profit of 209 M

 

 

So looks like $174M taxable income $52M income tax expense for the 2017 FY

 

2016 comparative shows a tax loss and therefore no corporate tax paid

[blah_blah]

12 minutes ago, Leroy Peterson said:

Something along the lines of high debt business writing off debt owed or repayments or whatever...
But yeah, I know media talks things up

Writing off a debt on revenue account means that previously the other side of the 'debt owed' would have been recorded as income.

 

So fair enough if your never going to get it the income previously recorded should be 'reversed' against.