Re:Why privatisation has been a costly failure in Britain
by twobitshifter on Tuesday July 11, 2023 @11:46AM
(#36682636)
Ok, so you make X percent profit but the proceeds are more, and you distribute the proceeds to shareholders. You can also sell at a loss and still make distributions to shareholders. This is Private Equity 101.
if it's on the balance sheet and you sell it for more than it cost you, then you have to book it as non-operating income, i.e. capital gains, i.e. profit.