Accounts AGM

[DarlingtonHibee]

Anyone know what the date of the AGM last year, late October rings a bell.

[danhibees1875]

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Anyone know what the date of the AGM last year, late October rings a bell.

October 24th.

[DarlingtonHibee]

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October 24th.

Cheers mate, thought it was the 24th.

Be good to know so can sort out travel etc for this year

[ancient hibee]

Don't rely on it being the same date or even close to it.

[RoYO!]

So what are we expecting to hear about financial performance this year? Any guesses- informed or otherwise!?

[Smartie]

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So what are we expecting to hear about financial performance this year? Any guesses- informed or otherwise!?

I'm very interested to hear the figures this year.

Everything suggests we should be in good shape yet there is more than a little evidence out there that we're not.

It will be interesting to find out clues regarding money actually received for SJM and if any numbers have had to be hidden anywhere regarding the departure of a former manager.

I wonder how excited our new owner will be st the prospect of getting s good team on the park / get his first major infrastructure project under his belt and how those priorities figure in his thinking?

[DarlingtonHibee]

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Don't rely on it being the same date or even close to it.

Fully understand mate, only trying to get a date, so I can book trains and hotel.

[DarlingtonHibee]

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I'm very interested to hear the figures this year.

Everything suggests we should be in good shape yet there is more than a little evidence out there that we're not.

It will be interesting to find out clues regarding money actually received for SJM and if any numbers have had to be hidden anywhere regarding the departure of a former manager.

I wonder how excited our new owner will be st the prospect of getting s good team on the park / get his first major infrastructure project under his belt and how those priorities figure in his thinking?

I think we will be in good shape.

[Onceinawhile]

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So what are we expecting to hear about financial performance this year? Any guesses- informed or otherwise!?

Uninformed.

Break even/small profit. Money down from crap cup runs, but possible bump from SJM money with Aston villa getting promoted.

Folk to complain about ms dempster's package.

[ancient hibee]

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Fully understand mate, only trying to get a date, so I can book trains and hotel.

Try the club.A couple of years ago it was in December for some reason.

[ancient hibee]

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Uninformed.

Break even/small profit. Money down from crap cup runs, but possible bump from SJM money with Aston villa getting promoted.

Folk to complain about ms dempster's package.

Don’t agree.SJM transfer fee,record ST sales and European run will all provide top revenue.

[DarlingtonHibee]

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Try the club.A couple of years ago it was in December for some reason.

Tried the club this morning and explained the situation, no go releasing the date, must be in people's diaries. Shame.

[Onceinawhile]

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Don’t agree.SJM transfer fee,record ST sales and European run will all provide top revenue.

European run seems like a lifetime ago, never mind last season!

[ancient hibee]

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European run seems like a lifetime ago, never mind last season!

Estimates were best part of a million in prize money and gates.

[The 90+2]

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Uninformed.

Break even/small profit. Money down from crap cup runs, but possible bump from SJM money with Aston villa getting promoted.

Folk to complain about ms dempster's package.

Won’t SJM’s actual transfer fee be in the last accounts ending July as he was sold last summer?

Will it show in the accounts what money was spent saying Cheerio to Lennon?

[DarlingtonHibee]

Hi mate, re sjm and Neil, it's lumped into wages, only individual will be leeann, circa £140k at a guess.

[The 90+2]

Thanks DH 👍

[DarlingtonHibee]

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Thanks DH 👍

Ggtth

[Onceinawhile]

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Won’t SJM’s actual transfer fee be in the last accounts ending July as he was sold last summer?

Will it show in the accounts what money was spent saying Cheerio to Lennon?

Meant money from them getting promoted (we apparently had clauses)

I told you it was uninformed.

Forgot lenny got binned as well....

Who knows. I'm sure the auditors will be well paid to make it look good anyway.

[Onceinawhile]

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Hi mate, re sjm and Neil, it's lumped into wages, only individual will be leeann, circa £140k at a guess.

She's unlikely to be singled out more likely put through as "director's remuneration" from memory, there was a big wage paid into a pension last year, which annoyed me from a hibs fan point of view.

But from a tax planning perspective 👌👌

[The 90+2]

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Meant money from them getting promoted (we apparently had clauses)

I told you it was uninformed.

Forgot lenny got binned as well....

Who knows. I'm sure the auditors will be well paid to make it look good anyway.

Sorry mate wasn’t meaning to make it sound like I was questioning you - I’ve no idea so was asking in general :)

[DarlingtonHibee]

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She's unlikely to be singled out more likely put through as "director's remuneration" from memory, there was a big wage paid into a pension last year, which annoyed me from a hibs fan point of view.

But from a tax planning perspective 👌👌

She won't be named, but its fairly obvious.

Last year included a cup winning bonus, which was transferred to a pension scheme, good luck to her.

[oldbutdim]

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Meant money from them getting promoted (we apparently had clauses)

I told you it was uninformed.

Forgot lenny got binned as well....

Who knows. I'm sure the auditors will be well paid to make it look good anyway.

I don’t really think that’s how auditors work.

[The 90+2]

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I don’t really think that’s how auditors work.

It did for the hun and hearts for years.

[GloryGlory]

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She won't be named, but its fairly obvious.

Last year included a cup winning bonus, which was transferred to a pension scheme, good luck to her.

"Highest Paid Director" - which director gets paid more than the CEO?

[FilipinoHibs]

Accounts are to 30 Jun and should show: SJM transfer fee plus money from being promoted; European money; and wages including any compensation paid out to Lennon (last year's wages could be compared against this year's for a rough estimate).

[Spudster]

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Accounts are to 30 Jun and should show: SJM transfer fee plus money from being promoted; European money; and wages including any compensation paid out to Lennon (last year's wages could be compared against this year's for a rough estimate).

Would the year before not have stokes payoff on them too?

[Onceinawhile]

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I don’t really think that’s how auditors work.

Of course it is. Adjustments for accruals etc... The hibs board and the auditors will work to make sure the accounts are presented in the most positive way possible, without being too detached from reality so that the auditors still have their credibility.

I'm over simplifying it somewhat, but of course that's the case.

[danhibees1875]

McGinn was sold in August 2018 so any fee will be in the accounts to 30 June 2019 which should be released soon. .

The numbers are all added together and presented in a way that means without being able to see Hibs' trial balance and ledgers it probably won't be easy to get an exact figure.

Any promotion clause will also be in these accounts as it occured on 28th May. There's a chance if he hadn't received the cash by 30 June for this (not sure how quickly AV would have been obligated to pay) then it could be more noticeable within the debtors note (although there's enough fluctuations in there it would be hard to isolate I would imagine). Similarly, a spike in creditors could have indicated the same money waiting to be paid to St Mirren and put that mystery to bed - but again I think would be hard to pinpoint.

Overall, I'd expect fairly healthy numbers which ultimately don't answer any of the real questions the fans are interested to know (mostly around McGinn).

I'd also not worry about the auditors fudging the numbers too much.

[CentreLine]

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McGinn was sold in August 2018 so any fee will be in the accounts to 30 June 2019 which should be released soon. .

The numbers are all added together and presented in a way that means without being able to see Hibs' trial balance and ledgers it probably won't be easy to get an exact figure.

Any promotion clause will also be in these accounts as it occured on 28th May. There's a chance if he hadn't received the cash by 30 June for this (not sure how quickly AV would have been obligated to pay) then it could be more noticeable within the debtors note (although there's enough fluctuations in there it would be hard to isolate I would imagine). Similarly, a spike in creditors could have indicated the same money waiting to be paid to St Mirren and put that mystery to bed - but again I think would be hard to pinpoint.

Overall, I'd expect fairly healthy numbers which ultimately don't answer any of the real questions the fans are interested to know (mostly around McGinn).

I'd also not worry about the auditors fudging the numbers too much.

I guess that’s the beauty of the agm where clever people like Cropley Was God, Banchory Hibs and suchlike can ask questions and make comments. Love the agm and always come away with a positive feel