| FORUMS > Hull FC > The Derby |
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| Rank | Posts | Team |
| Player Coach | 29756 | No
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| Jul 2005 | 19 years | |
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| Aug 2024 | Jul 2024 | LINK |
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| Quote: Keith_Lard "We are not the one claiming we need around 14,000 to break even.
I would imagine we are a lot closer to our break even figure than FC.
It doesn't help if you are paying the dearest rent in SL without the facility
to pay on the door.'"
You've lost, like, £4m since Hudgell took over around 2003, right? How's Rovers credit rating? In your own time...  |
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| Rank | Posts | Team |
| Player Coach | 29756 | No
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| Joined | Service | Reputation |
| Jul 2005 | 19 years | |
| Online | Last Post | Last Page |
| Aug 2024 | Jul 2024 | LINK |
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| Quote: yorksguy1865 "Agreed, couldn't care less about yet another derby that is totally unnecessary. Theoretically we could play 7 derbies in a season...'"
Crikey. Is that right?
Anyway, hopefully we get a look at all the new signings. I'd hope we see a starting pack that includes Taylor, Watts, Mini and Pritchard. Looking forward to seeing Fonua too. |
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| Rank | Posts | Team |
| Club Captain | 140 | No
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| Dec 2015 | 9 years | |
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| Apr 2017 | Mar 2017 | LINK |
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| Rank | Posts | Team |
| Player Coach | 29756 | No
Team
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| Joined | Service | Reputation |
| Jul 2005 | 19 years | |
| Online | Last Post | Last Page |
| Aug 2024 | Jul 2024 | LINK |
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| Rank | Posts | Team |
| Club Captain | 140 | No
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| Joined | Service | Reputation |
| Dec 2015 | 9 years | |
| Online | Last Post | Last Page |
| Apr 2017 | Mar 2017 | LINK |
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| Quote: Mrs Barista "Absolute garbage on both counts. You clearly can't even tell the difference between P&L and Balance Sheet. ![]()
A quick check on the Duedil website will show that you are wrong.
Profit & Loss Account Reserve -2,732,642
Also for £2 you can download FCs accounts from the companies house website
There is a section at the beginning were cbasadofskys advise against showing players as intangible assets.
Assets are shown on your balance sheet. Are you saying that if the value of the players were shown as no value it wouldn't have an impact on the profit and loss statement?
It is you who is wrong
In your own time
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| Rank | Posts | Team |
| International Star | 1264 | |
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| Nov 2014 | 10 years | |
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| Mar 2019 | Oct 2018 | LINK |
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| Quote: Mrs Barista "Crikey. Is that right?
Anyway, hopefully we get a look at all the new signings. I'd hope we see a starting pack that includes Taylor, Watts, Mini and Pritchard. Looking forward to seeing Fonua too.'"
Sure is!-
Friendly
2 regular season games
Magic weekend
Super 8s
Either play-off or grand final
Challenge cup game.
Too many :-/ |
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| Rank | Posts | Team |
| Player Coach | 29756 | No
Team
Selected |
| Joined | Service | Reputation |
| Jul 2005 | 19 years | |
| Online | Last Post | Last Page |
| Aug 2024 | Jul 2024 | LINK |
| Milestone Posts |
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| Quote: Keith_Lard "A quick check on the Duedil website will show that you are wrong.
Profit & Loss Account Reserve -2,732,642
Also for £2 you can download FCs accounts from the companies house website
There is a section at the beginning were cbasadofskys advise against showing players as intangible assets.
Assets are shown on your balance sheet. Are you saying that if the value of the players were shown as no value it wouldn't have an impact on the profit and loss statement?
It is you who is wrong
In your own time ![]()
What was the value of the P&L reserve when Pearson took over in 2011?
The value of players impacts the revaluation reserve not the P&L.
Hilarious.
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| Rank | Posts | Team |
| Player Coach | 29756 | No
Team
Selected |
| Joined | Service | Reputation |
| Jul 2005 | 19 years | |
| Online | Last Post | Last Page |
| Aug 2024 | Jul 2024 | LINK |
| Milestone Posts |
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| Milestone Years |
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| Location |
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| Signature |
16500_1696696672.jpg
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| Quote: yorksguy1865 "Sure is!-
Friendly
2 regular season games
Magic weekend
Super 8s
Either play-off or grand final
Challenge cup game.
Too many
Oh yeah, I forgot the play-off one. Crazy.
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| Rank | Posts | Team |
| Player Coach | 29756 | No
Team
Selected |
| Joined | Service | Reputation |
| Jul 2005 | 19 years | |
| Online | Last Post | Last Page |
| Aug 2024 | Jul 2024 | LINK |
| Milestone Posts |
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| Rank | Posts | Team |
| Club Captain | 140 | No
Team
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| Joined | Service | Reputation |
| Dec 2015 | 9 years | |
| Online | Last Post | Last Page |
| Apr 2017 | Mar 2017 | LINK |
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| Quote: Mrs Barista "What was the value of the P&L reserve when Pearson took over in 2011?
The value of players impacts the revaluation reserve not the P&L.
Hilarious. ![]()
Hull FC showed a profit of £32,000 when Pearson took over the club.
Are you stating that Pearson took on £2 million pounds worth of debt when buying the company?
Who carried out due diligence on his behalf if so?
The loss of £2.7 million has been achieved on his watch.
Any depreciation in assets is shown on the P&L account.
So if Pearson followed the accountants recommendations and didn't
show the players as intangible assets it would need to be shown on the profit and loss accounts for that financial period. You may want to look up the term reducing balance or straight line method when dealing with company assets and how it is shown on the profit and loss account.
You are not very good are you.
In your own time...
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| Rank | Posts | Team |
| Club Captain | 140 | No
Team
Selected |
| Joined | Service | Reputation |
| Dec 2015 | 9 years | |
| Online | Last Post | Last Page |
| Apr 2017 | Mar 2017 | LINK |
| Milestone Posts |
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| Milestone Years |
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| Location |
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| Signature |
74659_1456650145.jpg
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| Quote: Mrs Barista "What was the value of the P&L reserve when Pearson took over in 2011?
The value of players impacts the revaluation reserve not the P&L.
Hilarious. ![]()
Hull recorded profits in each of the six years previous, but had seen them fall to just £29,244 in 2010.
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.
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
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| Rank | Posts | Team |
| Player Coach | 29738 | |
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| Mar 2007 | 17 years | |
| Online | Last Post | Last Page |
| Aug 2024 | Aug 2024 | LINK |
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The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| Quote: Keith_Lard "Hull FC showed a profit of £32,000 when Pearson took over the club.
Are you stating that Pearson took on £2 million pounds worth of debt when buying the company?
Who carried out due diligence on his behalf if so?
The loss of £2.7 million has been achieved on his watch.
Any depreciation in assets is shown on the P&L account.
So if Pearson followed the accountants recommendations and didn't
show the players as intangible assets it would need to be shown on the profit and loss accounts for that financial period. You may want to look up the term reducing balance or straight line method when dealing with company assets and how it is shown on the profit and loss account.
You are not very good are you.
In your own time... ![]()
You really shouldn't start a row with an accountant about company accounts when you clearly don;t know what you're talking about
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| Rank | Posts | Team |
| Club Captain | 140 | No
Team
Selected |
| Joined | Service | Reputation |
| Dec 2015 | 9 years | |
| Online | Last Post | Last Page |
| Apr 2017 | Mar 2017 | LINK |
| Milestone Posts |
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| Milestone Years |
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| Location |
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| Signature |
74659_1456650145.jpg
:d7dc4b20b2c2dd7b76ac6eac29d5604e_74659.jpg |
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| Quote: Jake the Peg "You really shouldn't start a row with an accountant about company accounts when you clearly don;t know what you're talking about'"
What bits do you think are clearly wrong?
She has yet to produce one single meaningful figure to back up her argument. |
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| Rank | Posts | Team |
| Player Coach | 29756 | No
Team
Selected |
| Joined | Service | Reputation |
| Jul 2005 | 19 years | |
| Online | Last Post | Last Page |
| Aug 2024 | Jul 2024 | LINK |
| Milestone Posts |
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| Milestone Years |
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| Location |
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| Signature |
16500_1696696672.jpg
:d7dc4b20b2c2dd7b76ac6eac29d5604e_16500.jpg |
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| Quote: Keith_Lard "Hull FC showed a profit of £32,000 when Pearson took over the club.
Are you stating that Pearson took on £2 million pounds worth of debt when buying the company?
Who carried out due diligence on his behalf if so?
The loss of £2.7 million has been achieved on his watch.
Any depreciation in assets is shown on the P&L account.
So if Pearson followed the accountants recommendations and didn't
show the players as intangible assets it would need to be shown on the profit and loss accounts for that financial period. You may want to look up the term reducing balance or straight line method when dealing with company assets and how it is shown on the profit and loss account.
You are not very good are you.
In your own time... ![]()
Cumulative P&L reserves in 2011 were -£2m. At the end of 2014 they were -£2.7m. The loss in that period was therefore £0.7m.
When the players are attributed a value the asset goes into intangible assets and the corresponding entry is to the revaluation reserve. It even says this in the accounts. Regardless of the movement in valuation, or even if we decided to stop valuing them, there would be no impact on the P&L. You are truly terrible at this.
Nothing on your squad for the weekend then?
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| Rank | Posts | Team |
| Player Coach | 29756 | No
Team
Selected |
| Joined | Service | Reputation |
| Jul 2005 | 19 years | |
| Online | Last Post | Last Page |
| Aug 2024 | Jul 2024 | LINK |
| Milestone Posts |
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| Milestone Years |
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| Location |
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| Signature |
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Interesting about Whiting. We often have the old "won't get a place when everyone's fit" chat only for him to be called on to play in several positions. He captained the team last weekend but it does feel like there are quite a few ahead of him now.
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