Account help:

Discussion in 'Taylor's Tittle-Tattle - General Banter' started by Bwood_Horn, Feb 11, 2013.

  1. Bwood_Horn

    Bwood_Horn Squad Player

    According to my untrained eye, this appears to show that the club (OAs) are running with a 900K debt - is that right?

    Any accountants wish to comment?
     
  2. hornmeister

    hornmeister Tired

    I have an even more untrained eye.

    Expenses running slightly higher than income but assets of £6.83m? Not sure where you get the £900K debt? I think red here means total, not negative. TBH that's a nono when publishing accounts imho.
     
  3. Bwood_Horn

    Bwood_Horn Squad Player

    I totted up the five years worth of 'total incomes' and the 'total expenses' and subtracted one from the other.

    The assets are the state of the art clubhouse (and facilities,~£7m) and the land ~£0.5m.
     

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