From P,Z and J , BLUEDELL please have a swatch

[the gunslinger 3,366]

it was brockstoker btw iir. not that that really matters.

[andy steel 0]

Sadly, I don't believe anyone anymore on anything.

[der Berliner 3,247]

Sadly, I don't believe anyone anymore on anything.

 

You can trust me when I say that Rangers actually play a game of football right now!

[Guest thunderstruck]

3. He claims that the purchase of fixed assets etc are included in our operational expenses and therefore deducts them,. The problem is that they aren't included and therefore his analysis is totally wrong.

 

brian stockbridge claimed the same thing. Does the asset purchase, the £5.5m paid last summer, appear in the P&L?

 

BS: No, it wouldn't do, because under accounting standards you need to value the assets acquired. So when we put the topco structure in place to float on AIM [Alternative Investment Market], the assets are valued at these new, higher values. In terms of the numbers on the balance sheet and in the accounts, that £5.5m doesn't appear, but the THE LARGER larger number does.

the larger number is the football debt, the purchasing of assets as per accounts and interest paid.

4. It's wrong to ignore amortisation of players. It is a real cost. We pay amounts in transfer fees, signing on fees and agents fees, buit dion't wwrite them off the the profit and loss account immediately. It's done over the length of the player's contract. It is a real cost, it has an impact on cashflow and can't be ignored.in what was can amortisation affect cash flow? of course paying wages and signing on fees is an operational cost, but amortisation is not, although included in the operational cost account bracket. this explains it for you i believe. http://youtu.be/uyiCfCSbQFE. amortisation of players contracts in no way affects cash flow.

1. It's dreadfully written. Very difficult to understand. yes i agree but someone who writes, buit dion't wwrite them off , is hardly in a position to pass judgement on badly written.

[Guest thunderstruck]

Condensed consolidated Statement of Cash Flows

 

For the 7 month period from incorporation to 31 December 2012

 

As at

 

31 December

 

2012

 

 

 

 

 

 

 

 

 

Notes

£'000

 

Cash used in operations

15

(713)

 

Cash flows from investing activities:

 

 

 

 

 

Purchase of trade and assets

 

 

(6,750)

 

Purchase of intangible assets

 

 

(1,276)

 

Purchase of property, plant and equipment`

 

 

(2,161)

 

Proceeds from sale of intangible assets

 

 

887

 

Repayment of RFC 2012 plc football debt

 

 

(1,288)

 

Interest paid

 

 

(234)

 

Net cash used in investing activities

 

 

(10,822)

 

as you can see, all the above from the accounts are under operational costs, which show that the purchase of assets is in the accounts, including the larger amount brian stockbridge spoke about.