| FORUMS > Hull KR > All clubs financials profit/loss... |
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| Player Coach | 15980 | No
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| Jan 2006 | 19 years | |
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| May 2016 | Jun 2015 | LINK |
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| Quote: Bertie "I don't know, Chillibeano seems to be sorting out Mrs Barista's inaccurasies'"
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| Rank | Posts | Team |
| Player Coach | 11924 | |
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| Jan 2007 | 18 years | |
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| Nov 2024 | Aug 2024 | LINK |
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| Rank | Posts | Team |
| Player Coach | 29797 | No
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| Jul 2005 | 19 years | |
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| Nov 2024 | Nov 2024 | LINK |
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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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| Rank | Posts | Team |
| Player Coach | 69 | No
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| Jul 2006 | 18 years | |
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| Mar 2011 | Feb 2011 | LINK |
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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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| Rank | Posts | Team |
| Club Owner | 14082 | No
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| Apr 2004 | 21 years | |
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| Feb 2017 | Feb 2017 | LINK |
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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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| Rank | Posts | Team |
| Player Coach | 882 | No
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| Nov 2006 | 18 years | |
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| Oct 2010 | Sep 2010 | LINK |
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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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| Rank | Posts | Team |
| Player Coach | 4033 | No
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| Sep 2005 | 19 years | |
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| Mar 2014 | Mar 2014 | LINK |
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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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| Rank | Posts | Team |
| Player Coach | 780 | No
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| Aug 2008 | 16 years | |
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| Dec 2011 | Aug 2011 | LINK |
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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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| Dec 2014 | Mar 2014 | LINK |
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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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| May 2016 | Jun 2015 | LINK |
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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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| Rank | Posts | Team |
| Player Coach | 780 | No
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| Aug 2008 | 16 years | |
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| Dec 2011 | Aug 2011 | LINK |
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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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| Rank | Posts | Team |
| Player Coach | 4033 | No
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| Sep 2005 | 19 years | |
| Online | Last Post | Last Page |
| Mar 2014 | Mar 2014 | LINK |
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| Moderator | 36786 |  |
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| Jul 2003 | 21 years | |
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| Aug 2024 | May 2023 | LINK |
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Moderator
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| Quote: Gordon Gekko "It can also help boost a company's credit rating ![]()
That did occur to me, although I would have thought that the qualification recorded against the accounts every year by the auditors would mitigate against that.
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| Rank | Posts | Team |
| Moderator | 36786 | |
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| Jul 2003 | 21 years | |
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| Aug 2024 | May 2023 | LINK |
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Moderator
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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.'"
Remind us all which club has been fined for not following the rules and which hasn't.  |
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