| FORUMS > Hull KR > All clubs financials profit/loss... |
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[b:16wvcohs]"To play your best football you need players with enthusiasm and drive and energy." - [i:16wvcohs]Peter Sterling[/i:16wvcohs][/b:16wvcohs]
[quote="Adam Pearson said not":16wvcohs][b:16wvcohs]I know there are two franchises and two clubs (in Hull) and that will remain forever more[/b:16wvcohs][/quote:16wvcohs]:d7dc4b20b2c2dd7b76ac6eac29d5604e_12839.png |
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| Quote: Gordon Gekko "TBH i'm not interested in where they are posted to in the accounts i just want to know why they bother doing it at all if it means nothing.'"
Did you ring them ? |
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Standing up to the forum bully.
It must be working, he doesn't like me...i'm devastated: |
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| Quote: Robbo4 "If only Vince was here to sort this mess out for us.'"
I don't know, Chillibeano seems to be sorting out Mrs Barista's inaccurasies |
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Cuddle Club Rules
1. You dont talk about Cuddle club
2. YOU DO NOT TALK ABOUT CUDDLE CLUB!!!!
PS3 tag = Robbo_4444:20348.jpg |
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| Quote: Bertie "I don't know, Chillibeano seems to be sorting out Mrs Barista's inaccurasies'"
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If there is no struggle, there is no progress. Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightning. They want the ocean without the awful roar of its many waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it must be a struggle.
Frederick Douglas:d7dc4b20b2c2dd7b76ac6eac29d5604e_30596.jpg |
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| Quote: Chillibeano "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.'"
Rubbish. Why not download the accounts? You can see that the valuations impact the balance sheet only.
Fixed assets. 280,000 (within tangible fixed asset note in accounts to 2007)
Intangibles (player valuations) 942,500
Total. 1,222,500 Assets in balance sheet November 2008
Revaluation reserve 1,222,500 in balance sheet November 2008
Perhaps you can articulate the p&l impacts of these equal and opposite balance sheet items?
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| Quote: Mrs Barista "Rubbish. Why not download the accounts? You can see that the valuations impact the balance sheet only.
Fixed assets. 280,000 (within tangible fixed asset note in accounts to 2007)
Intangibles (player valuations) 942,500
Total. 1,222,500 Assets in balance sheet November 2008
Revaluation reserve 1,222,500 in balance sheet November 2008
Perhaps you can articulate the p&l impacts of these equal and opposite balance sheet items?
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No problem with that Mrs B. Like I said, I've not checked the figures myself but if thats what you say they are fair enough.
The point still stands - and to be honest you have helped prove it - that with any accounts, you need to understand what is behind the headline figures in order to fully understand them.
Now then, I'm off to empty this keepnet. It's rather full. 
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WEST COAST PIRATES
NRL expansion? Sometime soon, maybe......:d7dc4b20b2c2dd7b76ac6eac29d5604e_9857.jpg |
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Not good reading for us but its not hard to see where FC made a profit when you consider the quality of their squad over the last two years!
Maybe we should aim to finish near the bottom and save a few hundered grand in salaries?
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| Quote: JB Down Under "Not good reading for us but its not hard to see where FC made a profit when you consider the quality of their squad over the last two years!
Maybe we should aim to finish near the bottom and save a few hundered grand in salaries?'"
nah, it'd be a lot easier to cheat the salary cap, play players against weaker sides that shouldn't be playing, get to wembley, lose (again) and be proud of your heritage. Then bank the receipts & stick 2 fingers up at the RFL. |
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| Player Coach | 4033 | No
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| Quote: rovers r red "nah, it'd be a lot easier to cheat the salary cap, play players against weaker sides that shouldn't be playing, get to wembley, lose (again) and be proud of your heritage. Then bank the receipts & stick 2 fingers up at the RFL.'"
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| Quote: JB Down Under "Maybe we should aim to finish near the bottom and save a few hundered grand in salaries?'"
I think that is your aim looking at your recruitment for next year |
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| Player Coach | 1437 | No
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| Jun 2009 | 15 years | |
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Standing up to the forum bully.
It must be working, he doesn't like me...i'm devastated: |
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I do hope Rovers comply with the rules when submitting their accounts. Apparently one club went against their accountants advice and included players transfer values as a tangible fixed asset. Not doing this would have reduced their fixed assets and reduce their capital and assests by £780,000.
Plain cheating or cooking the books ?
Surely one employs accountants and follow the rules.
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| Rank | Posts | Team |
| Player Coach | 15980 | No
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| Jan 2006 | 19 years | |
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20348.jpg
Cuddle Club Rules
1. You dont talk about Cuddle club
2. YOU DO NOT TALK ABOUT CUDDLE CLUB!!!!
PS3 tag = Robbo_4444:20348.jpg |
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| Quote: Bertie "I do hope Rovers comply with the rules when submitting their accounts. Apparently one club went against their accountants advice and included players transfer values as a tangible fixed asset. Not doing this would have reduced their fixed assets and reduce their capital and assests by £780,000.
Plain cheating or cooking the books ?
Surely one employs accountants and follow the rules.'"
I assume this club has been fined every year for the last 4 years then? |
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| Player Coach | 780 | No
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| Aug 2008 | 16 years | |
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| Quote: Bertie "I do hope Rovers comply with the rules when submitting their accounts.'"
They don't. They're late year after year. |
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| Player Coach | 4033 | No
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| Sep 2005 | 19 years | |
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