It was obvious Widnes would post a loss around 1 Million after sorting out the mess of the previous regime. They are a well run organization off the field and have some of the most passionate fans in the game who you can have a bit of banter with usually without any problems during and after the game. Good for them that they have a guy on board who loves the game and Widnes. What impressed me was the way Widnes got on with things after the big disappointment of not being in SL. Gracious and respectful. Its a shame some Fax fans seem to be looking for any negatives about Widnes and other teams. I would expect Widnes to make a profit next year and hope they are successful in their aim of getting in to SL. Fax are a long way off Widnes despite all the good work going on.

zzzzzz..zzzzzzzz

Your a total idiot.

Thankyou a honest fan.I hope you and leigh competitive again.Unfortunanetly you always get someone sniping at another club.Maybe if just had promotion and relegation every year be no bitter fans.Think this franchise business has made fans bitter and hating each other more.I was gutted widnes not got in a the celtic got in but hey ho life can be crap at times.

I meant competitive again next year mate as love the games with fax and leigh and the atmoshere.

What are you on about?

Yes there's the numbers but what Widnes fans are talking about is where the moneys gone! We won't be making as big an operating loss as other clubs... that's pretty clear from attendances etc, the mney spent has clearerd alot up!

I say again if it was a bad as looks on paper (beofore intelligent people like yourself have a think) the club has no debts and alot of new things in the stadium... THEY WON'T BE PAID FOR AGAIN! SO'C would not of published accountd on the website if they where shockingly bad all around and putting the club in danger!

Let's see Fax loss next year when your trying to keep a good team, upgrade stadium (with help granted) and run a youth set up!

Quote ="Viva La Vikings!!" Christ if computers could laugh they would at half the crap on here. For any set of rl fans with half a brain cell between them it was always going to be clear we would make a loss on year 1. When Seve bought the club we had to generate a playing staff, academy team and backroom staff from stratch. 250k was invested into the academy in year one which would set up a sustainable youth set up for the following years. This 250k costs will not have to be invested in future years making the balance sheet alot more healthier. Debts had to be cleared, new seats were bought, improvements in the stadium rised significantly. These are all significant costs which will not be taken into account in following years resulting in us breaking even or even making a profit. I would much rather be in our position then any other club in this league when our off the field problems are concerned. Correct me if I'm wrong but i'm sure i heard last week that if our turn over was £1m or more this year we are allowed to spend more on the salary cap next year than the other teams? www.runcornandwidnesweeklynews.c ... -24383004/ That will do for me.'" You yourself have proceeded to write crap, this post has made you look extremely foolish. It's fairly obvious you lack a great deal of understanding. The link has given very little away in terms of numbers. The statement said it had to clear the PREVIOUS club's debts but that doesn't mean the club is debt free, it no doubt will have incurred new debts! Anyway, the picture may be clearer when the accounts are available for public inspection (Companies House website say they aren't yet available, even though they're been filed). And Halifax RL's accounts have to be filed before the end of September, as yet they have not.

Quote ="Viva La Vikings!!" Christ if computers could laugh they would at half the crap on here. For any set of rl fans with half a brain cell between them it was always going to be clear we would make a loss on year 1. When Seve bought the club we had to generate a playing staff, academy team and backroom staff from stratch. 250k was invested into the academy in year one which would set up a sustainable youth set up for the following years. This 250k costs will not have to be invested in future years making the balance sheet alot more healthier. Debts had to be cleared, new seats were bought, improvements in the stadium rised significantly. These are all significant costs which will not be taken into account in following years resulting in us breaking even or even making a profit. I would much rather be in our position then any other club in this league when our off the field problems are concerned. Correct me if I'm wrong but i'm sure i heard last week that if our turn over was £1m or more this year we are allowed to spend more on the salary cap next year than the other teams? www.runcornandwidnesweeklynews.c ... -24383004/ That will do for me.'" You yourself have proceeded to write crap, this post has made you look extremely foolish. It's fairly obvious you lack a great deal of understanding. The link has given very little away in terms of numbers. The statement said it had to clear the PREVIOUS club's debts but that doesn't mean the club is debt free, it no doubt will have incurred new debts! Anyway, the picture may be clearer when the accounts are available for public inspection (Companies House website say they aren't yet available, even though they're been filed). And Halifax RL's accounts have to be filed before the end of September, as yet they have not.

littlerich you dont half talk some absolute nonsence

Yeah - i've tried to follow your example but i just can't make myself that stupid, despite wearing a clown's hat and red nose to help me along. Some morons just can't be copied. I bow down to your ultimate stupidity, you're really good at it.

Says the clown who decides to live in stockport of all places



seriously though you should start concentrating on how fax are going to progress rather than suck up to widnes all the time, call yourself a fan?

Just how old are you? Six? Eight?

Deary me

Thats a sorry way to duck away from my valid point. Accountant? Pah if i can count the amount of times you make ridiculous statements on here id be the head or PWC

Here you are son, this is more your level:

[url=http://halifaxafc.proboards.com/index.cgi?Have fun .................[/url

Ill have you know that i support both clubs, and can provide written evidence!

I presume the evidence will be a note from your mum

I think both companies will file abbreviated accounts and as such won't have to declare their turnover. Retained Earnings from one balance sheet year to the next does have to be shown though so at least we'll get an official figure for profitability. A debtors figure will also appear on these accounts - both long term and short term which, compared to the current assets shown should provide an indication of liquidity.

Boys. Play nicely please or you won't have jelly and ice cream!

Perhaps they have over-evaluated intangible assets in order to achieve a tax advantage.

Have they depreciated tangibles on a reducing balance or straight line basis? and if so, has the figure been over or under-emphasised in order to deliver a more blurred image of the true financial situation?

we maynever know

Bluddy 'ell, you ARE an accountant!



Yep, it would have been nice to see the turnover figures but at the end of the day it's all about profitability. One thing that did concern me was that Halifax RL was overdue filing the Annual Return and even though this doesn't incur any penalty, it's still a tad slack.

Profitability may not be the underlying factor that concerns the directors!

what if the financial manager is faced with a situation whereby management bonuses are based on profitability? in such situations it may actually be advantageous to report below-par profit levels!

I don't think over valuing intangibles will give a tax advantage, especially when they won't be paying tax anyway! The accounts don't have to be audited therefore there could be some jiggery pokery, unless the RL insist audited accounts are to be filed.

Something in the statement which would start the alarm bells ringing if I was an investor in Widnes is the use of the word "comfortable". A well known cop out in The City .... it means the opposite of "confident" but of course they won't say that!!

I think Going Concern could be an issue. Will be very very interesting reading the filed accounts, albeit in abbreviated format.

Going concern? isnt that one of the accounting principles whereby it is reflected in the accounts that an entity is assumed to be in operation across the following accounting period?

Boring farts the lot of you

As freemans Fan said

The cost of everything , the value of nothing