Some were predicting another small Profit but be interest to hear from those with Financial credentials once Full Report is available
Includes improved Advance Season Ticket Sales and Cummings Transfer fee
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20-11-2017 06:19 AM #1
Hibs Accounts for Last Season Post Loss of nearly £300 000
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20-11-2017 06:39 AM #2
It won't include this season's ST sales.
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20-11-2017 06:49 AM #3This quote is hidden because you are ignoring this member. Show Quote
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20-11-2017 06:56 AM #6This quote is hidden because you are ignoring this member. Show Quote
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20-11-2017 06:56 AM #7
What were our losses the previous couple of seasons? With the huge crowds and profits from cup final merch I'd have assumed we'd have been well in profit last year..
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20-11-2017 06:58 AM #8This quote is hidden because you are ignoring this member. Show Quote
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20-11-2017 07:03 AM #9This quote is hidden because you are ignoring this member. Show Quote
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20-11-2017 07:03 AM #10This quote is hidden because you are ignoring this member. Show Quote
Can't remember actual date.
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20-11-2017 07:16 AM #11
Hibs Accounts for Last Season Post Loss of nearly £300 000
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Just checked again and its not clear Talks about Cummings leaving bring balanced by some familiar faces returning
We also had a cash balance at the end if May of 3 .5 Million Up a Million on last time
Sent from my iPhone using TapatalkLast edited by Ronniekirk; 20-11-2017 at 07:25 AM.
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20-11-2017 07:57 AM #13This quote is hidden because you are ignoring this member. Show Quote
The increased cash balance reflects the advanced ST sales, but, again, that won't be included in the turnover or loss figures.
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20-11-2017 08:01 AM #14This quote is hidden because you are ignoring this member. Show Quote
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20-11-2017 08:29 AM #15
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Turnover of £7.7 million whilst playing in the championship is incredible mostly due to us the fans backing the club.
Hearts turnover was £11.3 million and I think Aberdeen were roughly the same. Playing in the SPL is worth £1.5-£2 million a year and if you add UEFA solidarity payments which the clubs received from Celtic's champions league appearances then we are not far off. I read Hearts accounts and they received over £2 million from UEFA.
If we hold on to third and qualify for Europe, add in possible fees for McGinn etc and we are in a very healthy position without the need of mystery benefactors.
An an amazing time to be a Hibby and all positive going forward GGTH
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20-11-2017 08:35 AM #16This quote is hidden because you are ignoring this member. Show Quote
We have a benefactor, he isn't anonymous and he's committed to both the club and the community. Which is why we aren't the Edinburgh team known as the Poppy Thieves.
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20-11-2017 08:46 AM #17
Comparing our small loss with the Yams slight gain is a bit misleading.
Our accounts would include a figure of around £ 600,000 for depreciation of our infrastructure. Across town there would be no such debit as there place depreciated a long time ago.
They also received a far greater league payment than us. Hopefully that position will be reversed this season.
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20-11-2017 08:59 AM #18This quote is hidden because you are ignoring this member. Show Quote
There's also £1.5m from FOH toward working capital in their accounts (I'd imagine), though we have to wait and see if the share/HSL cash is included in ours.
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20-11-2017 09:23 AM #19This quote is hidden because you are ignoring this member. Show Quote
As an aside, Hearts continue to take money from their charity - nearly 22k this time.
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20-11-2017 09:26 AM #20
Thankfully we are now out of the Championship.
We can carry this loss as a one-off but couldn't continue like that. As said above though, revenue will be significantly higher this season, not least because so many of us are backing the team.
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20-11-2017 09:29 AM #21
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We had a small profit the previous year and I can't remember what it was the year before. Overall we've probably done okay for spending 3 years in the Championship.
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20-11-2017 09:36 AM #22This quote is hidden because you are ignoring this member. Show Quote
Once they drop through the letterbox I'll see if I can scan them in and upload them.
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20-11-2017 09:36 AM #23
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Gate receipts £4.296
sponsorship £826
Broadcasting rights £244
commercial £2.672
uefa £2.578
Other income £639
they obviously got pumped out of Europe early but still it's a hefty payment from UEFA.
Also shows how bad the SPFL's TV deal is. £244k a year. Clubs in England get that a week.
But it does show we should get money from UEFA next year regardless of if we qualify or not-I think we will though, the extra money from competing in SPFL and tv money although it isn't much. Last year the team finishing 6th got £1.3 million. Third is closer to £2 million and Europe. Third could bring in £4 million alone.
The headline figure of a small loss isn't that important though. There are hundreds of factors which could give you a profit or loss either way but the most important thing is that the turnover is healthy, cash at bank is very strong and there is scope for the turnover to increase massively.
I'd think £11-12 million next year without any transfer fees. Add on £3-5 million for McGinn and we are in a very enviable position with no external debt.
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20-11-2017 09:37 AM #24This quote is hidden because you are ignoring this member. Show Quote
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20-11-2017 09:43 AM #25This quote is hidden because you are ignoring this member. Show Quote
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20-11-2017 09:51 AM #26This quote is hidden because you are ignoring this member. Show Quote
We write off the signing-fees over the length of the player's contract. So, the "gain" is the amount received less the signing-on fee.
Was JC the only player we sold that season? If so, we will be able to deduce the minimum amount we got for him.
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20-11-2017 09:52 AM #27This quote is hidden because you are ignoring this member. Show Quote
Hearts have actually made their accounts available on their website - credit to them for that.
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20-11-2017 09:55 AM #28This quote is hidden because you are ignoring this member. Show Quote
I'll race you
Edit... no we haven't, it's just Rod's covering letter.
This bit suggests the loss was after the JC sale??
Record attendances at Easter Road Stadium allied with another Scottish Cup semi-final tie and player trading at the end of the Season resulted in a loss for the financial year of £277k, some way short of our financial target which is to at least break even.Last edited by CropleyWasGod; 20-11-2017 at 10:00 AM.
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20-11-2017 09:59 AM #29This quote is hidden because you are ignoring this member. Show Quote
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20-11-2017 10:08 AM #30This quote is hidden because you are ignoring this member. Show Quote
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