First Impressions Profit Report: Ansell (ANN) - A soft outlook for FY16

Moving into F’16, currency rates are assumed to remain similar to the average levels seen in the 4th quarter of F’15. An increase in the effective tax rate to 20-21% is expected with Australian income likely to incur a P&L tax charge starting during 2H F’16 as carry forward losses are fully recognized on balance sheet with no additional DTA benefit anticipated. Click her to view our latest report: (VIEW LINK)