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Re: Club accounts

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

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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

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