Posted a loss of £74k. Not too shabby.

does this include stuff like the money paid out to Manu, Mcdonnell settlement and the sneyd transfer fee? If so not too bad all things considered

Manu's cost and Sneyd's fee will be spread over a longer period I would think.

Can you explain how that works even if Pearson is paying both Manu & Salford on the dribble?

Why are you asking me?
For someone so keenly versed in business and finance I'm amazed the accruals concept has passed you by.

I didnt mention Sneyd, as generally in puffball and RL fees are run over contracts.

Anyway

My post assumed there would be no detail in the accounts, thank you for confirming that, its all i simply asked, no need to jump up and down.

My point about the EBT

AP has presided over 2 years of non payments, that were probably in the accounts as paid

Plenty on here jumping up and down wanting "forensic audits" of the SMC accounts,

i hope ours are clean........

I don't get what you mean. If there's a liability created, it hits the P&L and you either pay it out in cash or create a provision in the balance sheet.

Lets talk laymens terms for the viewers benefit.

Say Manu did 5 years here, each year £40k went into the pot, so every year the accounts show £40k paid to the pot.

The money never went

So for 5 years accounts this payment was never made. Where did the £200k go?

And as AP has now had to pay the full £200k, he'll stump that in personally, still doesnt say what happened to the £200k that "had been paid" but infact never was.

Follow the cash.......