I have posted the following on waccoe in answer to a response, but suspect that I may have more chance of getting an answer to some of the more technical questions on here so will copy on here :-
'I think the only answer to some of these questions is to keep looking at the published accounts and to try to make sense of them, even though there are around eleven pages of figures.
But before that I think I better state why I started this and the other thread.
I have not got an anti Bates agenda, I don’t really want to stir anything up at a time when things seem to be going well. I don’t expect Bates to publicly state how much money we have got to spend (I am sure other football clubs can count and guess better than we can so know anyway), and I would much rather talk, post, about football matters.
It is just that Bates does come with a lot of baggage, I do get suspicious when offshore companies write off eighteen million pounds, and despite the arguments about the figures, Bates has been unbelievably lucky in the windfalls that a third division club has received since administration.
With regard to the published accounts, the next set to be published will hopefully answer most of the questions I have asked, but in the mean time it would probably be useful to try and understand the previous set, and the easiest way to understand them is probably to keep reading them and ask questions on here on the items that I don’t understand, in the hope that a qualified accountant will read the post, take pity and answer my questions.
The first page seems pretty straightforward, turnover was £23,249.000, the cost of sales was £4,166.000, administration was £18,217.000 (£12,746.000 on wages), leaving an operating profit 0f £866,000
We received interest of £88,000 , had interest payable of £52,000, and had a profit on ordinary activities after taxation of £902,000.
The first mysteries seem to arrive in the player trading columns, we seem to have an outlay of £1, 076,000 on outgoing transfers, although this comes under the heading ‘Administration’ and we have a profit of £4,727.000 on disposal of player registrations, which I assume is the
‘Chelsea money.
The second page gets more interesting as we seem to have £5,735.000 owing to us (this figure includes £1,090,000 cash in bank), but owe out £9,568.000 to be paid within one year.
When I look at the notes for this £9,568.000, it states that £6,155.000 of this debt is due to accruals and deferred income ?
Does anyone know, is this figure nothing to worry about, i.e. is it just estimating next years wages and costs, or do we actually owe some other organisations £6,155.000'
'I think the only answer to some of these questions is to keep looking at the published accounts and to try to make sense of them, even though there are around eleven pages of figures.
But before that I think I better state why I started this and the other thread.
I have not got an anti Bates agenda, I don’t really want to stir anything up at a time when things seem to be going well. I don’t expect Bates to publicly state how much money we have got to spend (I am sure other football clubs can count and guess better than we can so know anyway), and I would much rather talk, post, about football matters.
It is just that Bates does come with a lot of baggage, I do get suspicious when offshore companies write off eighteen million pounds, and despite the arguments about the figures, Bates has been unbelievably lucky in the windfalls that a third division club has received since administration.
With regard to the published accounts, the next set to be published will hopefully answer most of the questions I have asked, but in the mean time it would probably be useful to try and understand the previous set, and the easiest way to understand them is probably to keep reading them and ask questions on here on the items that I don’t understand, in the hope that a qualified accountant will read the post, take pity and answer my questions.
The first page seems pretty straightforward, turnover was £23,249.000, the cost of sales was £4,166.000, administration was £18,217.000 (£12,746.000 on wages), leaving an operating profit 0f £866,000
We received interest of £88,000 , had interest payable of £52,000, and had a profit on ordinary activities after taxation of £902,000.
The first mysteries seem to arrive in the player trading columns, we seem to have an outlay of £1, 076,000 on outgoing transfers, although this comes under the heading ‘Administration’ and we have a profit of £4,727.000 on disposal of player registrations, which I assume is the
‘Chelsea money.
The second page gets more interesting as we seem to have £5,735.000 owing to us (this figure includes £1,090,000 cash in bank), but owe out £9,568.000 to be paid within one year.
When I look at the notes for this £9,568.000, it states that £6,155.000 of this debt is due to accruals and deferred income ?
Does anyone know, is this figure nothing to worry about, i.e. is it just estimating next years wages and costs, or do we actually owe some other organisations £6,155.000'