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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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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. icon_smile.gif

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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.'"


the difference between Hulls profit and Rovers loss is 293k...we 'saved' some money by Crocker not arriving, but it certainly woulden't been that much.

we are just being run and operated more efficiently.

the way the SL teams accounts are going it'll be a 2 horse championship between us and Leeds in a couple of years!

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Standing up to the forum bully. It must be working, he doesn't like me...i'm devastated:



Quote: berrigans bitch "Can I have a clue please'"


You certainly can.

The last time Hull fc filed their accounts hull went against their accountants adviceand included players transfer values as a tangible fixed asset. not doing this would reduce their fixed assets and reduce their capital and reserve by £780,000. Its not always simple as looking at the headline figures as those accounts show.

HTH.

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Quote: Bertie "You certainly can.

The last time Hull fc filed their accounts hull went against their accountants adviceand included players transfer values as a tangible fixed asset. not doing this would reduce their fixed assets and reduce their capital and reserve by £780,000. Its not always simple as looking at the headline figures as those accounts show.

HTH.'"


Booooooooooooooooooooooo

Damn you spoitl it for me now, I was working the anagram out icon_lol.gif

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Motto of the week - It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg



Do you know why they bother showing these figures in the balance sheet??

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Quote: Gordon Gekko "Do you know why they bother showing these figures in the balance sheet??'"

I expect they're attempting to be clever about something. No idea what, though.

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Thread cleaned up.

People need to be a little more careful regards certain comments on here.


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:



Quote: Gordon Gekko "Do you know why they bother showing these figures in the balance sheet??'"


Not really. I've got accounts that go back to 2003 and there was a valuation shown then, so it's been going on at least 7 years. Might have been that at one point when the club had more signficant levels of debt and there was talk of a new buyer coming in they wanted to put a valuation on the players (as the value of unexpired contracts would definitely be a consideration for a buyer negotiating a price even if not normally included in the filed accounts) and this was a way of formally documenting it. To have it flagged as news when it's at least 7 years out of date is quite funny - surprised it's not an HDM scoop TBH. icon_lol.gif In terms of credit rating, intangible valuations are usually adjusted for, but there are plenty of things other than just filed accounts included, like CCJs and frequency and extent of payment outside agreed terms.

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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?'"


Last posted accounts are for 2008 when I'm pretty sure we were at full cap.

We weren't last year but the figures aren't out yet so will be interesting to see what they look like.

2008 was a Wembley year which was probably the difference between a profit and a loss.

If rovers were down at the bottom due to spending
less they wouldn't be averaging 13k so would still post losses icon_lol.gif

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Quote: Gordon Gekko "It can also help boost a company's credit rating
Sheesh, Michael! Is that so?

Rovers'd better start employing this mighty quick then!

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Quote: UllFC "the difference between Hulls profit and Rovers loss is 293k...!'"


Are you sure about that?

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Quote: WormInHand "Sheesh, Michael! Is that so?

Rovers'd better start employing this mighty quick then!'"


That would take a collossal breach of standard accounting practice icon_lol.gif

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Quote: Gordon Gekko "That would take a collossal breach of standard accounting practice
They don't know what you mean! icon_lol.gif

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Quote: UllFC "

the way the SL teams accounts are going it'll be a 2 horse championship between us and Leeds in a couple of years!'"


That would be interesting being a hull fan played 27 lost 27 icon_lol.gif

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