I think he posts on here when he's pissed - Accountants usually have a small degree of brain matter which he has not shown us yet I am convinced he is the poster formally known as "Billyboy"
It is healthy at the moment. If expenditure and revenue remain at the same level as previous years it will not remain healthy without capital injection. What assets have been sold? Byram and cook were never on the balance sheet as an asset. McCormack would have been on there at less than 1m.
And sadly all three of them demonstrate a greater understanding of your area of expertise than you. No way was it a healthy balance sheet under any normal definition of the meaning. It wasn't even less worse than the previous one.
I thought you were the accounts man? Your balance sheet was only "healthy" last year because of £9.8M profit on player sales and a conversion of 11.6m of debt to equity - will be far from healthy next time
You don't understand balance sheets then. Just saying it doesn't make it true. Can you give some examples?
Profit is profit and doesn't appear on the balance sheet. Yes you,'re right equity is not debt, it doesn't have to be repaid. I thought you milwall guys were gloating about you,'re owner doing that? Anything else?
As soon as you can provide some reason other than your opinion why the balance was healthy, given it was underpinned of an equity transfer and one off sales of big ticket items. To be healthy it has to be sustainable on an on going basis..... That's the problem.
A balance sheet is a picture of the state of a companies assets and liabilities at a moment in time. At that moment in time it was healthy and virtually every line on it was better than the previous years. I never said it was sustainable and it isn't, unless revenue is increased and costs reduced. When he cuts costs you complain. When he tries to increase revenue (pie tax) you complain
You are a tease, you are well aware, as we speak OLOF, SniFFer or Alf are writing to Richard Branston to tell him Leeds is a bargain and all will be rosy in the garden
I complain because the income Cokeheadio receives is not reinvested in the playing squad. Cellinos modus operandi is to sell off the cream of the talent every year. This might be fine for his business model but will never let us progress. He is a speculator and has no interest in improving our chances of succeeding as a football team.
