Good seasons in the past have seen us with around £5m+ cash in hand, however transfer dealings in August will obviously have an effect.This quote is hidden because you are ignoring this member. Show Quote
The number of STs sold at the end of June is irrelevant. It's the total one month later that goes into the accounts.
Results 31 to 48 of 48
Thread: Annual Accounts
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22-02-2021 06:41 PM #31
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22-02-2021 06:53 PM #32
Hopefully we'll get another million in prize money. Our prize money for 7th last season was £1.43 million, Motherwell got £2.4 million for finishing 3rd. And we'll probably sell at least one player in the summer. Big Ron's no mug, I think our finances will be sound.
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22-02-2021 07:27 PM #33This quote is hidden because you are ignoring this member. Show Quote
So the cash balance would be the money received for ST sales up to the end of June, which I imagine would be the bulk of it but not all.
If we're just using cash balance then I don't think we'd know what was ST sales and what was left over from last period either (again, mostly the former though). Deferred income would be the best indicator of how ST sales were going for the next season (by the point of reading it would be the season we're in the middle/near the end of) up to the point of the end of June.
I'm with hibbysam on this one, most people look at the income in the p&l as their point of reference, dated as it may be.Mon the Hibs.
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22-02-2021 07:35 PM #34This quote is hidden because you are ignoring this member. Show Quote
Obviously the cash balance doesn't tell the whole story, but it remains a decent pointer.
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22-02-2021 07:43 PM #35This quote is hidden because you are ignoring this member. Show Quote
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22-02-2021 07:47 PM #37This quote is hidden because you are ignoring this member. Show Quote
I could be wrong but I think it was to keep the playing season neatly within the financial year.Mon the Hibs.
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22-02-2021 08:09 PM #39This quote is hidden because you are ignoring this member. Show Quote
A bit of speculation could be interesting.
You could say that there's no point in us debating Saturday's red card, but we still do it.
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22-02-2021 08:14 PM #40This quote is hidden because you are ignoring this member. Show Quote
Speculating what’s in the accounts, or how we will do in the next four games etc isn’t going to affect what actually happens. Would be boring as **** if we just sat and waited for things to happen before commenting on them. Rumours and speculation is a huge part of football and sites like this.
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22-02-2021 09:36 PM #41
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Profit is nice. Cash is king.
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23-02-2021 08:22 AM #42This quote is hidden because you are ignoring this member. Show Quote
There are many things to look at it a set of accounts, with neither profit nor cash balances being the sole arbiter of success or stability
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23-02-2021 09:35 AM #43
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This quote is hidden because you are ignoring this member. Show Quote
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23-02-2021 09:39 AM #44This quote is hidden because you are ignoring this member. Show Quote
The cash line is a single balance of the amount of money we held on one given day. Sure, it's a reasonable indicator of what will be available to spend on the next season but it's not generally the headline figure people are interested in reading about I don't think.Mon the Hibs.
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23-02-2021 09:45 AM #45This quote is hidden because you are ignoring this member. Show Quote
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23-02-2021 09:47 AM #46
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Unless there's a liquidity crisis. The P and L gives us the best indication of how the business is performing.
Most fans probably rely on that number without realising it, we all just talk about if the club made a profit etc, thats just the headline amount in the P and L. Its also the bit that's largely picked up by the media.
Lots of cash in the bank isn't a good thing. There is an opportunity cost of holding too much cash, I can't understand why celtic seemed so content to build massive cash reserves, they could have spent that money on anything and then released the amounts when needed.
Footbally clubs up here don't operate as sensible businesses, and some of the decision making from club boards, like celtics make that point so obvious
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23-02-2021 09:53 AM #47This quote is hidden because you are ignoring this member. Show Quote
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23-02-2021 10:49 AM #48
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In the last accounts profit was arrived at after deduction of depreciation and amortisation of contracts totalling £900,000.In another year of lower season ticket sales this could have lead to a reported loss but would have no effect on the ability of the club to do business but what would have an effect would be the lower season sales generating less cash.
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