The question was whether Manu's payout, reported as £200k, was included in the £74k loss. Given it accrued over several years I expect it would have been reflected over a longer period in the accounts. You were challenging the principle. Cash accounting isn't really on trend in the UK. Policy of amortisation on Sneyd's fee is explicit.

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.......

Years 1-5 Debit P&L, Credit Provisions in the balance sheet, no impact on cash.
Payment - Debit Provisions, Credit either cash or loans.

You're not an accountant then?

What do you do for a toil?

I dont need to be an accountant to ask Barista a question, and she doesnt need to be an accountant to answer it.

No, but you pretend you know what you're talking about when you clearly don't

Dab

And your contribution to the debate is?

I dont profess to know this or that, i dont squawk about what i do or dont know. I only asked a question

Lots of dabbing going on by Bumby & Freppers, our resident financial experts.

Really? Have the players been paid this month?

Ask 1865 easthullfc

I'm asking you as you seem to be the only one posting on the subject