ContinueWe use cookies to ensure that you get the best experience on our website; if you continue without changing your settings - or dismiss this message - we'll assume that you are happy to receive all cookies on Forums.Football Web Pages.co.uk

Borochat

Super proud sponsors of Alex Revell IDST

Return to front page

Newest article: Re: UEFA C Licence Coach by LoudmouthBFCToday 19:38Today at 19:38:36view thread

Oldest article: man of the match by Bragbury1062/1 18:01Sat Jan 2 18:01:50 2021view thread

MenuSearch

Reply to "Re: Club accounts"

You must log in or register before you can post an article

return to the front page

Re: Club accounts

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

Views: 619

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