nope - an impairment loss arises when the recoverable amount of an asset (player)

is less than the carrying amount on the accounts. (the carrying amount takes into account the amortisation). So when someone like RVW signs then effectively halves his value by being s**t/playing in the wrong system that would be in excess of amortisation and added as an impairment loss.

Posted By: Tony Martin on March 2nd 2015 at 10:51:51

Message Thread

Swiss Ramble has been gone done a post on us and our finances (NCFC) - Ralf Scrampton, Mar 2, 10:12:25
- Relegation release clauses I suspect (n/m) (NCFC) - Johnny Comecardiff, Mar 2, 10:26:46
  - So a player which was nominally on the books at, say, ?8m.... (NCFC) - Johnny Comecardiff, Mar 2, 10:32:15
    - oh ah, that makes sense (n/m) (NCFC) - Ralf Scrampton, Mar 2, 11:06:33
- Not sure mcnally said (NCFC) - SCC 28, Mar 2, 10:18:38
- RVW & Becchio, at a guess (NCFC) - CWC, Mar 2, 10:14:54
  - of course, always forget about Becchio, was wondering about Bassong at that time too? (n/m) (NCFC) - Ralf Scrampton, Mar 2, 10:18:29
  - wouldn't that be under player amortisation? (n/m) (NCFC) - Mecagoenti, Mar 2, 10:17:48
    - nope - an impairment loss arises when the recoverable amount of an asset (player) (NCFC) - Tony Martin, Mar 2, 10:51:51
      - doubt that is the case here (NCFC) - Mecagoenti, Mar 2, 10:57:33
    - actually i guess Becchio being out of contract this season(?), amortisation would've taken (NCFC) - Ralf Scrampton, Mar 2, 10:22:50
    - oh dunno. maybe. Did we pay anyone off? Would it include Hughton? (n/m) (NCFC) - CWC, Mar 2, 10:20:49

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