Accounts 2015/16

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RowZ

RowZ

Active Member
Jun 5, 2013
108
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North Wales
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Club accounts for last season are now available on Companies House: https://beta.companieshouse.gov.uk/company/04032392

I'll leave it for the accountants on here to analyse but the £20m loss looks more than expected, mostly because of "amounts payable upon promotion to the Premier League" which total over £10m (player bonuses, transfer add-ons etc.)?!

One thing to note is Allam took out a bank loan of £23m - would this be a bridging loan until the PL payment came through?
 
Did they give themselves another huge pay rise like they did when we got relegated?
 
RowZ said:
Club accounts for last season are now available on Companies House: https://beta.companieshouse.gov.uk/company/04032392

I'll leave it for the accountants on here to analyse but the £20m loss looks more than expected, mostly because of "amounts payable upon promotion to the Premier League" which total over £10m (player bonuses, transfer add-ons etc.)?!

One thing to note is Allam took out a bank loan of £23m - would this be a bridging loan until the PL payment came through?
Click to expand...

No idea but the £78.4m had interest of £2.6m and the £77m plus £23m bank loan has £3.8m due. This suggests to me that the bank loan interest is about 5% which is much lower than it could be. Or I've read it wrong.

Edit: It could have been a 3 month loan at 20%? I've been out of the accounting game too long.
 
These accounts don't tell you anything without have a breakdown of the figures provided so I won't waste my time analysing them
 
TigerMarv said:
These accounts don't tell you anything without have a breakdown of the figures provided so I won't waste my time analysing them
Click to expand...

Fair enough
I haven't read the accounts, and I wouldn't know what to look for in any non existent breakdown anyway. Also I have no accountancy experience either...but I'm prepared to give it a go if you won't

My analysis, with the caveats above, shows that it's about time that the Allams sold us to someone else

No need to thank me
 
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dennisboothstash said:
Fair enough
I haven't read the accounts, and I wouldn't know what to look for in any non existent breakdown anyway. Also I have no accountancy experience either...but I'm prepared to give it a go if you won't

My analysis, with the caveats above, shows that it's about time that the Allams sold us to someone else

No need to thank me
Click to expand...
Thank You Dennis and a clear and concise conclusion to your analysis
 
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dennisboothstash said:
Fair enough
I haven't read the accounts, and I wouldn't know what to look for in any non existent breakdown anyway. Also I have no accountancy experience either...but I'm prepared to give it a go if you won't

My analysis, with the caveats above, shows that it's about time that the Allams sold us to someone else

No need to thank me
Click to expand...
Dennis' double this bloke
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Turnover down from £84m to £42m
Amounts payable upon promotion to the Premier League (I assume bonuses) £10m
Loss in 2015-2016 £20.7m as opposed to profit of £11.5m in 2014-2015
(this is due to reduced turnover and the bonuses)

Financial Fair Play Rules - to avoid a fine there will be an equity contribution by the holding company of £3m

Turnover changes include:
Attendance income - down from £9m to £7m
Other match day income - down from £6m to £2m
TV & FL distributions - down from £60m to £30m
Commercial income - down from £7.1m to £1.7m

Staff costs - wages & salaries - down from £50.1 to £26.5m

Player costs:

Costs:
At 30/06/15 £65m
Additions £10m
Disposals £(13m)
At 30/06/16 £62m

Amortisation:
At 30/06/15 £27.3m
Charge for year £20.7m
Disposals £(6.3m)
At 30/06/16 £41.7m

WDV @ 30/06/16 £20.1m
WDV @ 30/06/15 £37.7m

Debtors arising from player transfers - up from £6m to £12m

Creditors < one year:
Bank loans - new £23m from nothing in 2014-2015
Creditors arising from player transfers - down from £14.6m to £8.5m

Creditors > one year:
Creditors arising from player transfers - none in 2015-2016 from £3.4m in 2014-2015

This is what relegation does to you.
 
Was this caused by a fat finger?

Is this why the pound's fallen to a thirty year low against the dollar?

Has it contributed to why ReAssure seem to be buying up every ****ing policy I possess?




You'll have to help me out here Peter, I'm useless with money.
 
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