£200k pre tax profit for last year.
https://www.edinburghnews.scotsman.c...lack-1-4811243
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Thread: Hibs Annual Accounts
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08-10-2018 06:25 AM #1
Hibs Annual Accounts
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08-10-2018 06:38 AM #2
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Now that is good reading...to infinity and beyond hibees 😀😀😀
"You opened the box....and your soul belongs to me...."
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08-10-2018 06:38 AM #3
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Don't believe it. They yams have been telling me hibs are spending out with their means for a few seasons now. Why should we believe Hibs over those enlightened beings?
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08-10-2018 06:51 AM #5
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What happens to the profit? Does it go into our reserves?
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08-10-2018 06:57 AM #6
Brilliant reading - figures don't reflect the £3,000,000 we got for John McGinn or the purchases of Kamberi, Horgan and Mallan...assume there is therefore still a healthy slice to come next year onwards and upwards Hibs! Great time to be a Hibs fan, enjoy it.
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08-10-2018 07:00 AM #7This quote is hidden because you are ignoring this member. Show Quote
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08-10-2018 10:34 AM #8This quote is hidden because you are ignoring this member. Show Quote
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08-10-2018 10:47 AM #9This quote is hidden because you are ignoring this member. Show Quote
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08-10-2018 10:50 AM #10This quote is hidden because you are ignoring this member. Show Quote
http://www.hibernianfc.co.uk/news/9287
Although the Financial Statements reflect transactions up to 30 June 2018 he went on to mention Hibernian’s summer 2018 transfer activity – players in and players out.
“Everyone who has played for the Club and has since left for pastures new deserves the gratitude of supporters. No one more so than John McGinn who left to join Aston Villa FC on the English transfer deadline day. John has made an impressive start at his new club. The transaction happened after the financial year end and benefits the 2018-19 accounts so there is no impact in the Financial Statements for the year ended 30 June 2018.
“The departure of the player was not unexpected and the executive team is to be congratulated - not only for securing appropriate value for the player but also for the work done to achieve the summer signings which have seen a number of full international players join the Club.Last edited by CropleyWasGod; 08-10-2018 at 11:11 AM.
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08-10-2018 11:00 AM #11
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08-10-2018 11:02 AM #12This quote is hidden because you are ignoring this member. Show Quote
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08-10-2018 07:18 AM #13This quote is hidden because you are ignoring this member. Show Quote
Hibs board seem to be all about future generations. That is how it should be.
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08-10-2018 07:34 AM #14This quote is hidden because you are ignoring this member. Show Quote
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08-10-2018 07:38 AM #15
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08-10-2018 07:39 AM #16
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08-10-2018 10:39 AM #17This quote is hidden because you are ignoring this member. Show Quote
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08-10-2018 07:44 AM #18This quote is hidden because you are ignoring this member. Show Quote
The profit quoted is struck before tax, loan repayments and HSL income. Without any HSL money, we need to make a profit of 500k in order to pay STF
The poster asked what happens to the profit. I'm trying to be as simple as I can with the answer.
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08-10-2018 07:46 AM #19
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08-10-2018 07:50 AM #20This quote is hidden because you are ignoring this member. Show Quote
It might be easier for some to understand that the profit is based solely on Income - Costs incurred in delivering that income
Such things as STF repayment, HSL income and Tax on profits don't have any effect on profitability but are reflected in cash position of business
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08-10-2018 08:09 AM #21This quote is hidden because you are ignoring this member. Show Quote
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08-10-2018 05:59 PM #22
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08-10-2018 08:17 AM #23
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08-10-2018 10:36 AM #25
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08-10-2018 09:54 PM #26This quote is hidden because you are ignoring this member. Show Quote
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08-10-2018 07:21 AM #27
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The difference in length - and ease of comprehension - between our reports and the caveat-laden ones that come from the pink side are quite striking.
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08-10-2018 08:44 AM #28
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£200,000 spare for a famous five statue anyone.... 👀
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08-10-2018 10:18 AM #29
It's also worth bearing in mind that there are certain non-cash 'expenses' such as depreciation and amortisation. Probably the best rule of thumb approach is to look at the cash balance and net asset value to assess which direction the club is headed - both are up by a decent amount according to the article.
In anticipation of comments about the cash balance, it's high because most of the season ticket money was already in, but it needs to be used for wages throughout the season. Add in the McGinn and Murray cash (assuming we got it all paid straight away) and we must have been sitting on a fair whack when the transfer window slammed shut, even allowing for transfers in. Maybe we'll see some of that being spent when the January window is flung open.
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08-10-2018 11:02 AM #30
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