Borochat

Proud sponsors of Alex Revell & Lily Bruno

Return to front page

Newest article: s.a prediction comp by Bragbury106Today 15:43Today at 15:43:07view thread

Oldest article: Crusaders by Sev23/1 13:25Sat Jan 23 13:25:58 2021view thread

MenuSearch

Next thread: BoroGuide Match Preview: Southend (A) by Pete13/3 08:25Sat Mar 13 08:25:59 2021view thread

Re: Club accounts

By Sev13/3 03:05Sat Mar 13 03:05:13 2021In response to Re: Club accounts

Views: 737

Difference between the retained earnings figure on the balance sheet for 2019 and 2020 is usually the accounting profit for the year.

Accounting profit does however include figures such as depreciation and amortisation which are not exactly "real" (accounting concepts). Without a P&L it's hard to draw many conclusions.

Note 5 shows depreciation of £112,000 so if you ignored that we would basically be breaking even.

That also shows we had over £1.7m worth of assets additions in the year - north stand presumably? (Nothing to do with profit, just noticed it as interesting)

I also see we allotted 12420 new shares (the ones sold to fans for £25 each) so that raised £310,000.

Edited by Sev at 03:05:50 on 13th March 2021
Edited by Sev at 03:46:27 on 13th March 2021

reply to this article | return to the front page

Next article in this thread: Re: Club accounts by Chet Manley13/3 08:22Sat Mar 13 08:22:02 2021

Previous thread: WATN #9273 by bcb199413/3 06:02Sat Mar 13 06:02:05 2021view thread