SSN have just stated that the club has reduced its 'retained debt' by ?9.3M to just over ?26M. Not sure what this means exactly, but considering the financial discussions in other threads, it prehaps shows the direction the club is heading.

Can't help reading into this that any transfer funds would have to be generated by further player sales.

Aint your debt around ?90 Million, in total ??

You would expect to see a healthy business showing retained earnings on its balance sheet. Retained earnings are then usually used for capital expenditure and the like.

 

We show retained debt - I'm guessing this doesn't need further explanation.

 

However, the fact that it is reducing is a good sign.

SSN have just stated that the club has reduced its 'retained debt' by ?9.3M to just over ?26M. Not sure what this means exactly, but considering the financial discussions in other threads, it prehaps shows the direction the club is heading.

Can't help reading into this that any transfer funds would have to be generated by further player sales.

 

Think it means we lost 35.3 last year and this year we lost a further 26 million this year thats a whopping 61.3 million loss in 2 years I think Eddie Davies better go back to selling some more kettles.

Edited October 31, 201114 yr by Mounts Kipper

Our debt is to the guy who owns the Club. He basically owes himself a shit load of money. So is it a debt per s?? (Could definately be wrong)

Think it means we lost 35.3 last year and this year we lost a further 26 million this year thats a whopping 61.3 million loss in 2 years I think Eddie Davies better go back to selling some more kettles.

 

I think the kettle markets reached boiling point tbh.

I think the kettle markets reached boiling point tbh.

 

Yes but he's in his element

Think it means we lost 35.3 last year and this year we lost a further 26 million this year thats a whopping 61.3 million loss in 2 years I think Eddie Davies better go back to selling some more kettles.

 

I must admit that I have not heard the term retained debt before but I am sure that what it refers to is more what DBP says. Our Operating loss was 35 mill last year and this can be shown as a kind of accounting accrual (not exactly cash). A reduction to 26 mill would suggest our accruals (or losses carried forward) have changed (positively) by 9 mill so the total losses carried forward is 26 mill from the previous year ...

 

The 85 mill owed to Ted is entirely separate and is basically how the business is financed. That is, Ted has lent us 85 mill and so this is what we still owe him and that plus some small bank loans makes up the total debt of 90 mill plus.

Edited October 31, 201114 yr by Globetrotter

You would expect to see a healthy business showing retained earnings on its balance sheet. Retained earnings are then usually used for capital expenditure and the like.

 

We show retained debt - I'm guessing this doesn't need further explanation.

 

However, the fact that it is reducing is a good sign.

 

What you are saying is correct but I'm not sure that is what retained debt refers to you are referring to retained profits or losses but if we have reduced our retained losses then it must mean we made a profit what is more likely is that outstanding debt which capital repayments have no bearing on the profit & loss of the business have reduced again meaning a better balance sheet.

Have our accoutns come out today - point me to a copy and I'll explain what it means.

Have our accoutns come out today - point me to a copy and I'll explain what it means.

 

Been trying to find anything relating to our 2011 accounts and can't see owt. Also, can't find reference by SSN to the accounts either ...

What you are saying is correct but I'm not sure that is what retained debt refers to you are referring to retained profits or losses but if we have reduced our retained losses then it must mean we made a profit what is more likely is that outstanding debt which capital repayments have no bearing on the profit & loss of the business have reduced again meaning a better balance sheet.

 

If you make an actual profit you would have to pay tax on it so the accountants call it something else. From what I can see you are correct, we made ?9m and used it to pay down our debts.

 

10 more years like that and we will be debt free, almost.

Have our accoutns come out today - point me to a copy and I'll explain what it means.

 

My mate got a copy through the post today, not sure why because like many he is no longer a shareholder. It might as well be in French for all he / I know.

If you make an actual profit you would have to pay tax on it so the accountants call it something else. From what I can see you are correct, we made ?9m and used it to pay down our debts.

 

10 more years like that and we will be debt free, almost.

 

 

 

if we stick with coyle, 10 years time we will be non league

if we stick with coyle, 10 years time we will be non league

 

Are you just going to hijack every thread?

If you make an actual profit you would have to pay tax on it so the accountants call it something else. From what I can see you are correct, we made ?9m and used it to pay down our debts.

 

10 more years like that and we will be debt free, almost.

 

I'd be pleasantly surpised if we have made an actual operating profit of 9 million. More likely an accrual adjustment I would think, some cash came in that we wrote off or we did not have to pay for something that we had allowed for - maybe some of it Meggo's salary that we allowed for etc.

 

I thought we are only paying interest on our main debt with the kettle man? If so, it cant be the main debt reduction.

 

Be interesting to see anyway ..

If you make an actual profit you would have to pay tax on it so the accountants call it something else. From what I can see you are correct, we made ?9m and used it to pay down our debts.

 

10 more years like that and we will be debt free, almost.

 

Havign not seen the accounts but If we made a ?9m profit then it does mean our retained losses (or retained debts as they refer to) have reduced to an accumulated figure since incorporation of ?26m that has no bearing whatsoever on what we owe eddie or the bank retained losses and debt (loans) due to creditors are completely different.

 

It highlights the fact last year and ?35m loss was due to exceptional items

Are you just going to hijack every thread?

 

 

nope just what I predict gong off the fellas prediction in ten years time

Yes but he's in his element

 

Maybe, but summats brewing!

Are you just going to hijack every thread?

 

 

and where do you get every thread??

 

 

ive made comments re coyle on 2 threads today

Maybe, but summats brewing!

 

 

Its not eddie davies who invented the cut out switch for the kettle

and where do you get every thread??

 

 

ive made comments re coyle on 2 threads today

 

Exactly. This thread isn't about Coyle.

Exactly. This thread isn't about Coyle.

 

 

I know it isnt, ok howes this, I predict in 10 years we will be non league

 

Is that better?

Have our accoutns come out today - point me to a copy and I'll explain what it means.

 

 

 

http://www.bwfc.co.uk/staticFiles/5c/92/0,,1004~168540,00.pdf

I know it isnt, ok howes this, I predict in 10 years we will be non league

 

Is that better?

 

What do you predict our retained debt will be?

What do you predict our retained debt will be?

 

 

zilch, we will get rtelegated then go into administration then they will be wiped clean