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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="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
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| Feb 2004 | 21 years | |
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| Quote Adeybull="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
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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
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| Dec 2001 | 23 years | |
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| Oct 2021 | Jul 2021 | LINK |
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| Quote Barnacle Bill="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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| Rank | Posts | Team |
| International Chairman | 14845 | No
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| Dec 2001 | 23 years | |
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| Oct 2021 | Jul 2021 | LINK |
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| Quote JB Down Under="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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| Rank | Posts | Team |
| International Chairman | 14845 | No
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| Dec 2001 | 23 years | |
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| Quote Adeybull="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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| Rank | Posts | Team |
| Club Coach | 29818 | No
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| Jul 2005 | 20 years | |
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| Quote The Chronicler of Chiswic="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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| International Chairman | 14845 | No
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| Quote Derwent="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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| Player Coach | 2912 | No
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| May 2006 | 19 years | |
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| Player Coach | 999 | No
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| May 2009 | 16 years | |
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| Apr 2014 | Apr 2014 | LINK |
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i'm a plasterer i dont care!!!!
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| Club Owner | 10532 | No
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| Feb 2004 | 21 years | |
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| Jul 2014 | Jul 2014 | LINK |
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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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| International Chairman | 14845 | No
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| Dec 2001 | 23 years | |
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| Oct 2021 | Jul 2021 | LINK |
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| Quote Wild Child LukeSykes83="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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