Quote: Mrs Barista "Sweet baby Jesus and the orphans.
That’s not completely correct though is it Mrs Barista?!
There are instances within IFRS when the revaluation gain / loss goes directly through the Income Statement. For instance if a revaluation increase is reversing a previous impairment that went through the P&L.
Since the treatment of including players valuations on the balance sheet is not correct treatment in the accounts – who are we to say what is happening to any revaluation surplus or deficit anyway? That equally could be treated in a way that would best suit the ‘look’ of the accounts.
All I would say is while the clubs accounts are being qualified by the auditors it is best to take the profit figure with a pinch of salt, unless of course you get hold of a copy and can scrutinise the figures behind the profit.
32444_1318716838.jpg[quote="Philip Larkin":2lhqd089]
There ain’t no music
East side of this city
That’s mellow like mine is,
That’s mellow like mine.
[/quote:2lhqd089]:d7dc4b20b2c2dd7b76ac6eac29d5604e_32444.jpg
32444_1318716838.jpg[quote="Philip Larkin":2lhqd089]
There ain’t no music
East side of this city
That’s mellow like mine is,
That’s mellow like mine.
[/quote:2lhqd089]:d7dc4b20b2c2dd7b76ac6eac29d5604e_32444.jpg
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