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."

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.

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