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| Can I suggest that BB and Mrs B retire to PM? I'm an accountant myself, yet with this war of attrition I lost the will to live about two pages back...
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| I'm doing A-level maths (which includes a module on statistics), but reading the last few pages of this thread is making me want to tear my fingernails out.
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| Quote ="Adeybull"Can I suggest that BB and Mrs B retire to PM? I'm an accountant myself, yet with this war of attrition I lost the will to live about two pages back...
'"
Fair enough.
Whilst it is good news that fewer clubs are making losses and the average loss (whichever way you calculate it ) appears to be reducing, you do have to wonder whether it's coincidence that this has happened when these are the last accounts to be filed before the next set of franchises are decided.
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Club Owner | 2874 | No Team Selected |
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| Quote ="Adeybull"Quite easy with a full set of accounts. Much harder with abbreviated accounts, especially where you have non-recurring transactions or financing activities that are not disclosed.'"
Which is why I was talking about OCF and not Net Cashflow as you wouldn't know the financing activities or capital expenditure. In my experience OCF is a pretty good indicator of a business' normal everyday performance.
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International Chairman | 4799 | No Team Selected |
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| All I'm getting from this is that you can make figures show whatever you want - which as a retired Royal Mail statisticain I knew already!
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International Chairman | 14845 | No Team Selected |
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| Quote ="Barnacle Bill"I don't understand why the owner says that the club has no debts, not even directors loans, but they still report huge losses. The money he puts in has to be classed as income of some sort (sufficient to cover the trading deficit) but they still post losses. How can this be?
'"
Quite easily. The owner could put in a few million as share capital. No debt but losses are covered.
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| Quote ="JB Down Under"is there tax reasons for posting losses rather than profits? One thing I've learned about stats and financial reports is that they can both be made to show what ever you want them to!'"
No.
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| Quote ="Adeybull"Two others:
1. Total incompetence. (again??)
2. There is some fundamental uncertainty that is preventing the accounts being signed off yet but where resolution is reasonably expected within a sensible time frame (although in such cases you should seek an extension from Companies House, who will generally grant it - not happened)
So that gives us:
1. Incompetence
2. Fundamental uncertainty
3. Something to hide
Several years running.
Wonder which one/s it is?
'"
Normally 2 amd 3 follow from 1.
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| Quote ="The Chronicler of Chiswic"All I'm getting from this is that you can make figures show whatever you want - which as a retired Royal Mail statisticain I knew already!'"
Ssssh - keeps some of us in a job.
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| Quote ="Derwent"Not at all.
If you have the balance sheet you can work out the OCF quite easily from the movements in working capital and the annual EBITDA. So long as you have the opening and closing balances for debtors, creditors and stock then you can work out what the cashflow was from normal operating activities though in some cases you'd have to have an educated guess at EBITDA due to lack of a detailed P&L.'"
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| i'm a plasterer i dont care!!!!
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Club Owner | 10532 | No Team Selected |
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| Does anyone think that chris joint should have been penalised for a voluntary tackle at the grand final.
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| Quote ="Wild Child LukeSykes83"Does anyone think that chris joint should have been penalised for a voluntary tackle at the grand final.'"
No, because he never played in a Grand Final.
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Club Owner | 10532 | No Team Selected |
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| Quote ="Dally"No, because he never played in a Grand Final.'"
Im sorry Dally but Mrs An-Count B has bored me into a stupier so i thought i'd talk about rugby league.
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| its all the drivel we get used to
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Quote ="Mrs Barista"Seems like 2009 was a marginally better year financially for some clubs. In 2008, the only club (I think) to make a profit was Hull FC. The league table of profit/loss for 2009 is as follows (assuming I've got the right entities) and shows 4 clubs in profit and a further 3 with a loss < £100k (although I'm being a bit generous with Wigan and using their pre impairment/depreciation/interest number). Leeds profit is before a hefty exceptional income of £3m from a transaction with Yorkshire CC. The average loss excluding Harlequins, which IMO distorts the underlying picture, is -£103,630.
Leeds 720,871
Warrington 159,514
Hull FC 77,141
Castleford 26,679
Salford -19,651
Wigan -40,715
Bradford -72,209
Wakefield -202,379
Huddersfield -823,739
St Helens -861,810
Harlequins -1,936,804
Average excluding Harlequins -103,630
This excludes clubs whose accounts are overdue, ie Hull KR and Crusaders.'"
www.thisishullandeastriding.co.u ... ticle.html
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Quote ="Mrs Barista"Seems like 2009 was a marginally better year financially for some clubs. In 2008, the only club (I think) to make a profit was Hull FC. The league table of profit/loss for 2009 is as follows (assuming I've got the right entities) and shows 4 clubs in profit and a further 3 with a loss < £100k (although I'm being a bit generous with Wigan and using their pre impairment/depreciation/interest number). Leeds profit is before a hefty exceptional income of £3m from a transaction with Yorkshire CC. The average loss excluding Harlequins, which IMO distorts the underlying picture, is -£103,630.
Leeds 720,871
Warrington 159,514
Hull FC 77,141
Castleford 26,679
Salford -19,651
Wigan -40,715
Bradford -72,209
Wakefield -202,379
Huddersfield -823,739
St Helens -861,810
Harlequins -1,936,804
Average excluding Harlequins -103,630
This excludes clubs whose accounts are overdue, ie Hull KR and Crusaders.'"
www.thisishullandeastriding.co.u ... ticle.html
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International Board Member | 14094 | No Team Selected |
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| Quote ="Dally"No, because he never played in a Grand Final.'"
Chris Joynt never played in a Grand Final?
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International Chairman | 4799 | No Team Selected |
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| Quote ="Billinge_Lump"Chris Joynt never played in a Grand Final?'"
Ask tb (if you want to be banned ).
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| Quote ="The Chronicler of Chiswic"Ask tb (if you want to be banned
).'"
I presumed Luke was referring to the JVT thread of legend.
What's Dally on about tb?
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| I have no idea. But then, I seldom do with him.
(apart from being a sub-tb pedant and pointing out that 'chris joint' has never played in a grand final because there's no such player)
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International Chairman | 31082 | No Team Selected |
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| And even if he did, he definately wouldnt have been tackled...
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International Board Member | 29216 | No Team Selected |
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| Quote ="Code13"And even if he did, he definately wouldnt have been tackled...'"
He tripped.
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Player Coach | 8599 | No Team Selected |
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| Quote ="Adeybull"Can I suggest that BB and Mrs B retire to PM? I'm an accountant myself, yet with this war of attrition I lost the will to live about two pages back...
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Strange how when you mentioned what you do for a living Mrs B suddenly backs off.
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Club Owner | 20966 | No Team Selected |
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| Quote ="Saddened!"He tripped.'"
.....I can see where this thread is going
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