Hibs Annual Accounts

[CropleyWasGod]

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Where in the Accounts is the income from the Hibernian Lotto. This is a dedicated ring-fenced cash reserve donated to the Managers Player Fund, surely this should be mentioned.

It will be included in Turnover.

The fact that it's ring-fenced doesn't mean that it has to be disclosed separately.

[KWJ]

On the Cummings from were we not rather hoping to see a decent chunk in here on sales as it wasnt much last year or it was all going to be in this one? Does it appear we sold him way under the £1M then and perhaps with a hefty sell on fee which may now come to fruition with his goals at the posh (not checked lately mind).

Edit - 6 goals in 10 but he's not scored since August. Head maybe not in game after all the gf and flat tearing

[brianmc]

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Who are these minority shareholders? Anyone know or make an informed guess?

Hibs have stopped the public share sale so I guess they are, collectively, capped at 22%. A lot will be small individual holdings from fans.

Is it something to worry about? Do we have a potential vulture waiting in the wings? It would seem that if someone bought shares hoping to make a quick profit, they would need to be very patient.

Me, to the tune of £250.... Nothing to worry about (unless the wife finds out!).

[crash]

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It will be included in Turnover.

The fact that it's ring-fenced doesn't mean that it has to be disclosed separately.

Thanks CWG, it would be a more interesting read if we could get a breakdown of Turnover to give us an idea of financial performance in particular areas.

[CropleyWasGod]

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Thanks CWG, it would be a more interesting read if we could get a breakdown of Turnover to give us an idea of financial performance in particular areas.

I agree. Whilst there is no requirement to do so, that kind of analysis would, at the very least, cut down on some of the arguments on here.

[hibby6270]

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Who are these minority shareholders? Anyone know or make an informed guess?

Hibs have stopped the public share sale so I guess they are, collectively, capped at 22%. A lot will be small individual holdings from fans.

Is it something to worry about? Do we have a potential vulture waiting in the wings? It would seem that if someone bought shares hoping to make a quick profit, they would need to be very patient.

The list of shareholders is publicly available. Vast majority are individuals but yeah, it does show the nominee holdings as well as HSL total figure.

Hope this link works!! Just click on it and go down to the Confirmation Statement entry dated 22/01/2018 and open the PDF. Full list of shareholders? - et voila!!

https://beta.companieshouse.gov.uk/c...filing-history

[MurrayfieldHibs]

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I agree. Whilst there is no requirement to do so, that kind of analysis would, at the very least, cut down on some of the arguments on here.

Are you trying to spoil the fun

[Leith Green]

So does the 500k we pay farmer back get included in the figures? Wouldnt it mean we are 300k down if its not??

[CropleyWasGod]

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So does the 500k we pay farmer back get included in the figures? Wouldnt it mean we are 300k down if its not??

It isn't included.

Neither, though, is the HSL income.

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[Leith Green]

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It isn't included.

Neither, though, is the HSL income.

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Im probably being thick here but doesnt that mean we are paying back 500k to farmer and losing another 300k in doing so?

[4 Front Teeth]

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What happens to the profit? Does it go into our reserves?

LoL..... as an accountant... i appreciate that one! 🤣

[banchoryhibs]

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Im probably being thick here but doesnt that mean we are paying back 500k to farmer and losing another 300k in doing so?

Not really. Before the net profit figure in the accounts is arrived at there are lots of accounting adjustments for things like amortisation, this is not a "cash" loss.
So to see how we are managing you can check the cash flow statement. That is healthy so nothing to worry about.
We do have to repay the loan but this is covered by money received.
Accounts are complex so CWG and Caversham Green can live in luxury :-)