S_W_F_C Posted February 29, 2016 Share Posted February 29, 2016 Kivo just wants us to spill our guts to the whole world.......just to satisfy his gripes about ticket prices Link to comment Share on other sites More sharing options...
Belfast Owl 2 Posted February 29, 2016 Share Posted February 29, 2016 mkowl normally posts a good summary so needs to get on the job! just visiting will be along to tell us how bad they are. TURNOVER Link to comment Share on other sites More sharing options...
bradowl Posted February 29, 2016 Share Posted February 29, 2016 So this set is better than the year before but next years will be a car crash? Ain't necessarily so.... Gate receipts will be well up and if we manage promotion it won't matter anyway. Link to comment Share on other sites More sharing options...
Redfern Froggatt Posted February 29, 2016 Share Posted February 29, 2016 Nothing unexpected in these,year end May 2016, will be much more interested. Highlights.....income up (tickets sales and commercial activities) Debtors up by approx £1m (owed to Wednesday). No real breakdown in accounts as to why. All monies owed to previous directors (apart from £3000 mentioned contingent liabilities) now repaid. All First and Second legal charges removed from Hillsborough Stadium. Chansiri put in a £5 loan on day one to help cash flow and ensure payments made when they fell due. No mention of sponsorship monies owed by Mammatov or if we intend to chase this debt. Summary... Much stronger set of accounts, despite still supporting losses (albeit reducing). Net worth of company is healthier, although the true worth is not representative, as they do not take into account Chansiri's full involvement and his substantial backing/ personal worth. I reckon the debtors increase will be what Forest still owed us for Antonio. The gate receipts are shown in the accounts in note 2 - £10,158m up from £9,971m. Wages are £11.9m and so we are still spending 80% of our total income on wages. Although new prices mean match receipts should have gone up in next year's accounts, it won't be as much as wages have with FF / Matias / Hooper etc to add on. A wage bill of anything over 65% of income is not considered sustainable - which shows just how screwed football is outside of Prem when a mid-table side with one of the best attendances in the league loses millions every year without a sugardady to bankroll the club Link to comment Share on other sites More sharing options...
KivoOwl Posted February 29, 2016 Share Posted February 29, 2016 Kivo just wants us to spill our guts to the whole world.......just to satisfy his gripes about ticket pricesSpill our guts?We've published our gate receipts and wage bill in our accounts for decades. Why stop now? I reckon the debtors increase will be what Forest still owed us for Antonio. The gate receipts are shown in the accounts in note 2 - £10,158m up from £9,971m. Wages are £11.9m and so we are still spending 80% of our total income on wages. Although new prices mean match receipts should have gone up in next year's accounts, it won't be as much as wages have with FF / Matias / Hooper etc to add on. A wage bill of anything over 65% of income is not considered sustainable - which shows just how screwed football is outside of Prem when a mid-table side with one of the best attendances in the league loses millions every year without a sugardady to bankroll the club Good spot! Link to comment Share on other sites More sharing options...
Neal M Posted February 29, 2016 Share Posted February 29, 2016 Spill our guts? We've published our gate receipts and wage bill in our accounts for decades. Why stop now? Because with the change of ownership it's a neat, sensible time to do it. Rather than waiting and doing it at a point where we actually might be close to the FFP limits, and we get accused of covering things up. I move a lot of concrete on the QVC. Link to comment Share on other sites More sharing options...
Guest oasisowl81 Posted February 29, 2016 Share Posted February 29, 2016 Wages are shown....what you babbling on about Kivo and it's not decades that we've been declaring it..... Link to comment Share on other sites More sharing options...
happy bunny Posted February 29, 2016 Share Posted February 29, 2016 Some just love a good old moan Link to comment Share on other sites More sharing options...
Arthur Bach Posted February 29, 2016 Share Posted February 29, 2016 Political. Not financial. Remember that. Link to comment Share on other sites More sharing options...
Whatahoot Posted February 29, 2016 Share Posted February 29, 2016 A little further comment on Turnover and wages positions. Turnover in total (combination of ticket sales and Commercial Activities) has increased by £1.1M, which includes a 3% increase from gate receipts/increased average attendance of approx 700 fans per game (23 games per season) paying say an average of £15 per average fan (season ticket/adult/junior/senior) per game, would result in an increased turnover from gate receipts of approx £250K. So where has the other £850K come from ? Could it be the Mammatov shirt sponsorship ? and could this be the reason that debtors (monies owed to us) have increased by approx £1m ?? Wages are shown as a total for ALL staff, including players, but not directors (these increased by £80K). Total wages have increased by £800K, although staff numbers have dropped by an average of 9 people (not players) throughout the year. Therefore, it is safe to assume that players wages have increased, perhaps reflecting the improved quality taken on loans (McGugan etc). If the Mammatov sponsorship HAS been included in these accounts, it is still being treated as a normal debtor (within 12 months) and not yet as a bad debt. It will be interesting to see if Chansiri will write this debt off if this is the case. Link to comment Share on other sites More sharing options...
Road Runner Posted February 29, 2016 Share Posted February 29, 2016 mkowl normally posts a good summary so needs to get on the job! just visiting will be along to tell us how bad they are. TURNOVER These are the accounts Just visiting friend of a friend in America had looked at 6 months before they were completed and said we are in the poo and will be In a embargo. Reaalllly........ Link to comment Share on other sites More sharing options...
Guest oasisowl81 Posted February 29, 2016 Share Posted February 29, 2016 Increased monies for league position and TV money. Link to comment Share on other sites More sharing options...
Guest Deleted member Posted February 29, 2016 Share Posted February 29, 2016 Happy with those - not sure why you want gate receipts breaking down individually? Don't really care tbh - not at the moment. Chansiri clearly funding things - club not lacking funds - when funds are lacking he pops some more in the bank to cover. There's absolutely nothing anybody can do about it anyway. Other than strap in and enjoy the ride. PS: I would imagine next time round gate receipts will be massively up - given weve just sold a shedload of 3 years season tickets. Season after that will be interesting - as loads of people will have effectively got in free (as far as the accounts are concerned) Link to comment Share on other sites More sharing options...
Guest Deleted member Posted February 29, 2016 Share Posted February 29, 2016 PS: I would imagine next time round gate receipts will be massively up - given weve just sold a shedload of 3 years season tickets. Season after that will be interesting - as loads of people will have effectively got in free (as far as the accounts are concerned) btw - I would imagine this was the 'plan' around FFP the Chairman mentioned Link to comment Share on other sites More sharing options...
KivoOwl Posted February 29, 2016 Share Posted February 29, 2016 Happy with those - not sure why you want gate receipts breaking down individually? Don't really care tbh - not at the moment. Chansiri clearly funding things - club not lacking funds - when funds are lacking he pops some more in the bank to cover. There's absolutely nothing anybody can do about it anyway. Other than strap in and enjoy the ride. PS: I would imagine next time round gate receipts will be massively up - given weve just sold a shedload of 3 years season tickets. Season after that will be interesting - as loads of people will have effectively got in free (as far as the accounts are concerned) Don't this it would do that would it? Wouldn't the receipts be held over for the second and third years? Link to comment Share on other sites More sharing options...
Guest oasisowl81 Posted February 29, 2016 Share Posted February 29, 2016 (edited) Happy with those - not sure why you want gate receipts breaking down individually? Don't really care tbh - not at the moment. Chansiri clearly funding things - club not lacking funds - when funds are lacking he pops some more in the bank to cover. There's absolutely nothing anybody can do about it anyway. Other than strap in and enjoy the ride. PS: I would imagine next time round gate receipts will be massively up - given weve just sold a shedload of 3 years season tickets. Season after that will be interesting - as loads of people will have effectively got in free (as far as the accounts are concerned) Are you fishing?Or being naive? 3 year season tickets will be accounted for each season, next year we will see a large lump of accrued income on the balance sheet. 15/16 accounts due out next February will see income increased by this years ticket prices. Edited February 29, 2016 by oasisowl81 Link to comment Share on other sites More sharing options...
SwintOwl Posted February 29, 2016 Share Posted February 29, 2016 Political. Not financial. Remember that. First thing my finance lecturer said at uni Link to comment Share on other sites More sharing options...
Road Runner Posted February 29, 2016 Share Posted February 29, 2016 btw - I would imagine this was the 'plan' around FFP the Chairman mentioned If that's his plan and it comes off.. Masterstroke. May MK will help, but shouldn't 2nd and 3Rd years be deferred until the time. Link to comment Share on other sites More sharing options...
33 Posted February 29, 2016 Share Posted February 29, 2016 23% increase in commercial revenue. Well done Link to comment Share on other sites More sharing options...
OxonOwl Posted February 29, 2016 Share Posted February 29, 2016 Happy with those - not sure why you want gate receipts breaking down individually? Don't really care tbh - not at the moment. Chansiri clearly funding things - club not lacking funds - when funds are lacking he pops some more in the bank to cover. There's absolutely nothing anybody can do about it anyway. Other than strap in and enjoy the ride. PS: I would imagine next time round gate receipts will be massively up - given weve just sold a shedload of 3 years season tickets. Season after that will be interesting - as loads of people will have effectively got in free (as far as the accounts are concerned) You can't recognise the revenue for a service you have not yet delivered so the money for three year season tickets will not all go into the same year Link to comment Share on other sites More sharing options...
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