Latest club accounts

[Bandini]

Since you cant see it I will answer the obvious, the accounts end June 2011 , so any ins and outs after that will be in the next set of figures.

Isn't that why melonhead made separate reference to the ins and outs afterwards in a cack-handed (/crack-headed) way of calculating the current position, and R&R simply followed on from that.

[Royals and Racers]

Since you cant see it I will answer the obvious, the accounts end June 2011 , so any ins and outs after that will be in the next set of figures.

I suggest you re-read my opening post-if you can`t be bothered i will explain it for you-the accounts go up to the 30th june 2011.on page 22 under heading 23 post balance sheet events it states. since the year end the company has acquired player`s registrations at a cost of £1,189,000(2010 £101,325).The company has also sold players registrations for proceeds of £9,075,000 (2010 £5,287,500 )
Which is exactly what i said in a shortened form

[Terminal Boardom]

And for a moment I thought that 1teaminberksRFC had returned

[Harpers So Solid Crew]

Can I say that I was confused by TB's post which ended in fck off newbie.

[Royals and Racers]

Can I say that I was confused by TB's post which ended in fck off newbie.

No problem TB must be the village idiot !!

[Terminal Boardom]

Can I say that I was confused by TB's post which ended in fck off newbie.

No problem TB must be the village idiot !!

Can't be. I live in a town

[Red]

Can I say that I was confused by TB's post which ended in fck off newbie.

No problem TB must be the village idiot !!

Always nice to see someone new to the board who comes in all guns blazing.

Welcome to the board Royals and Racers.

[STAR Liaison]

If you read the Whiff analysis of the accounts last season you may be pleased to hear there will shortly be a similar analysis of the 2011 accounts available on the STAR website.

This time the analysis is helped by some questions being answered by the club to clear certain points so it should be even more helpful in understanding them for those bemused by a set of accounts.

[Hoop Blah]

This time the analysis is helped by some questions being answered by the club to clear certain points so it should be even more helpful in understanding them for those bemused by a set of accounts.

Good work by the author/STAR/the club to come together on this one. In this day and age it's an important aspect of running the club and managing the stakeholders. It's good for the fans (or at least some) to have an appreciation of what's happening behind the scenes so that a) they can understand the restraints on the club and b) make sure that their club doesn't go the way of Pompey, Darlington etc etc.

Having had a quick and uneducatied review of the accounts myself a few things jumped out at me.

Wage bill was higher than I perhaps thought it would be considering the tightening of belts and 'blackholes' etc etc. £18.25m for the football club alone is still quite high for us, and is higher than 2010 (I'm assuming the increase being performance related pay/bonuses for the FA Cup run and making the Play Off final).

Those wages are 105% of turnover! Last few years that ratio has been 66, 99, 60, 62, 101%

Assuming that 90% of those wages are on players, that works out at an average of about £7.5k per player (and that's including the yongsters and the Brett Williams and Cedirc Baseya).

I think this is the first operating loss (-£5m?) we've made since the year we got promoted.

Revenue was split Matchday 42%, Media 35%, Commercial 17%, Rugby 4%, Other 1%

Trade Debtors dropped from £4.9m to £1.9m which I presume is the staggard payments for the sales of people like Kitson and Doyle etc.

The Chairmans loan increased by c. £500k to £9.2m. That's right, it went UP not down.

[Royal With Cheese]

So, just where has all the money gone?

[Svlad Cjelli]

So, just where has all the money gone?

Same place it always goes. Wages.

[STAR Liaison]

The analysis of the 2010/11 accounts is now on the STAR website http://www.star-reading.org.

Given the posts on here the final bit about wages may be of interest.

[PieEater]

The analysis of the 2010/11 accounts is now on the STAR website http://www.star-reading.org.

Given the posts on here the final bit about wages may be of interest.

Nice article, it explains things very well for novices like me.

I think others have already given similar summaries, but the headline I understood from it was that the loss was an accounting one, and we coped with the loss of paracute payments through player sales.

I don't really understand why SJM had to give us another £500k, presumably this was for cash flow?

[Whore Jackie]

The analysis of the 2010/11 accounts is now on the STAR website http://www.star-reading.org.

Given the posts on here the final bit about wages may be of interest.

Nice article, it explains things very well for novices like me.

Yep, totally agree. Kudos to the author.

[Ian Royal]

Can I say that I was confused by TB's post which ended in fck off newbie.

No problem TB must be the village idiot !!

Can't be. I live in a town

Congratulations on your promotion.

[Royals and Racers]

The analysis of the 2010/11 accounts is now on the STAR website http://www.star-reading.org.

Given the posts on here the final bit about wages may be of interest.

Nice article, it explains things very well for novices like me.

Yep, totally agree. Kudos to the author.

Agree very good summary-and thanks to RFC for co-operating and answering the questions asked.

[Royal Rother]

Yeah, where the fcuk is Royal Blue anyway?

[Ian Royal]

Yeah, where the fcuk is Royal Blue anyway?

Ignoring anything that doesn't conform to his view? Finerain also notable in his absence.

PS: great article.

[melonhead]

Since you cant see it I will answer the obvious, the accounts end June 2011 , so any ins and outs after that will be in the next set of figures.

Isn't that why melonhead made separate reference to the ins and outs afterwards in a cack-handed (/crack-headed) way of calculating the current position, and R&R simply followed on from that.

yes.

[Wimb]

top work chaps and chapesses