Quote ="ccs"Late train (22:30) to Manchester/Leeds starting in May... www.hulldailymail.co.uk/hull-tra ... story.html'" Great news! I don't really read the HDM, so completely missed that. Last time I looked the last train to Leeds/Manchester leaves at 9:38, so I'd have to leave the game quite early to make it. 10:30 is great though. It should help with away fans too as all clubs baring Catalans are linked to Leeds/Manchester.

Quote ="ccs"Late train (22:30) to Manchester/Leeds starting in May... www.hulldailymail.co.uk/hull-tra ... story.html'" Great news! I don't really read the HDM, so completely missed that. Last time I looked the last train to Leeds/Manchester leaves at 9:38, so I'd have to leave the game quite early to make it. 10:30 is great though. It should help with away fans too as all clubs baring Catalans are linked to Leeds/Manchester.

Who said it did?

You forgot cash flow statement.

You can only assume that he has gone against the advice of the accountants not so show players has intangible assets to inflate the value of the company.

I'm sure the advice which he receives from his accountants is confidential between the parties.

As a limited company their yearly accounts are published.
You can download them for a pound from Companies House.
Hull Superleague Limited (formerly GATESHEAD SUPER LEAGUE LIMITED) show their players as intangible assets to the tune of £1,815,000.

Mate, no-one cares.

He really is the most boring individual.

I wonder why he removed a big chunk of that last post?

Probably saving it for a rainy day.

From a financial perspective when your own club has pi$$ed away £4m to end up back playing part time teams any sort of deflection is understandable.

Once again Mrs B kicks the a**e of that white greasy substance.
Stay in the shallow end lardy boy.

The player revaluation reserve has been there since the days of Hetherington. So hardly what you'd call news.

If you think balance sheet total is a reasonable way of valuing a business, you are more clueless than you originally let on.

Also presumably not an issue with the RFL, other Super League clubs, our auditors or the media. Just the odd supporter of a Championship club.

Some businesses that rarely make a profit do rely on assets for added value to the business. Profitable businesses have the luxury of using a multiple of yearly profits as a valuation without the need for assets.

Pearson mentioned about removing it when he bought the club. He has increased it from £1,017,000. Not even premiere league football clubs do it. They only show the costs of player transfers.

In previous years, FC have included their players as 'intangible assets' as part of their balance sheet – placing a value of more than £1m on their squad last year.

From an interview with Pearson in the HDM

This helped FC report net assets of £939,000 last year, but Pearson believes those figures to have been unrealistic.

"The balance sheet had been positively enhanced and the valuation that had been put on the players on the balance sheet were unrealistic," Pearson said.

"We will be reducing them over time to what is a realistic value."

<yaaaaaaaaaaaaaaaaaaaaaaawn>

More to do with valuing a company and nothing to do with if you have made a profit or loss.

Interesting to see that if you google key words on the hdm website, Lardy's exact same dialogue appears in the comments sections.
Sums him up nicely, I'd say,

I think the clue from the HDM website might have given it away.

Absolutely sod all to do with valuing the company.

Stop making your self look stupid.

The game that Wigan targeted last year was Catalan in the Super 8's and drew an attendance of 16,140.

So are you stating that a company with £10 million of tangible assets, making £100,000 worth of profit can be valued the same as a company making a profit of £100,000 without any assets?

Has Larvin's money come through yet?
Or Allam's million pound gift?
Or is that vice president who was going to bring all that Russian oil money still there?

And will the dobbins accounts be filed on time or are they still counting the massive profit they made as a result of the huge crowds and glorious relegation they got last season?

Being the financial genius you claim to be there should no problem answering these as surely you know more about your own club than Hull.

Shot yourself in the foot there Keith, you keep telling us the player valuation is intangible.

Looking forward to seeing this brought up again next year, there's always one. Little brother always looking to score points off big brother

Companies are valued on their ability to trade, make profit in the future, size of their customer base (existing and potential), reputation, brand etc.

If a company had £10m of tangible asset and was making only £0.1m of profit, I'd say it had an extremely poor management team. A 1% return on assets would suggest an inability to utilise resources.

Any prospective buyer would look at the asset base to see what was needed and what could be cut free. If the assets are not generating any real value of income its suggests they are either obsolete or at very best not recovering their value. This would lead to an impairment of said assets to their recoverable amount. In short there would be no point in those assets unless they created a reasonable return.

Critically what you miss out in your assessment is

"valued the same as a company making a profit of £100,000 without any assets[i IN THE SAME INDUSTRY[/i"

This is a massive factor as if a company can make £100k of profit with no assets (because the rent them for example) are in the same industry as a company with £10m of assets and can only create the same amount of profit. Why would any potential buyer of these companies take on the burden of these failing assets.

So, in short, you were wrong again.

All largely irrelevant given that its Intangible assets which are in the Hull FC balance sheet, which are basically worth the paper they are written on and have no effect on the valuation of the company.

HTH

So does the profit include the Westerman sale or not, it was announced late October 2015?

If it doesn't then how bad does that make the previous seasons loss look given it included the sale of both Lineham and Westerman!
Need to be top 4 again and to somehow up the average attendances, losing the KR games both home and away is going to hurt especially if we don't make a final!

I'm guessing that as the players are classed as assets with a value in the accounts, that we would just show any profit/loss between the stated value in the accounts and actual transfer fee received so if westerman was valued at £100k and we got £150k for him then we would show a profit of £50k. I stand to be corrected by one of our resident accountants of course