Thanks - thats what i was thinking which is posiitve because unless i am

misunderstaning it it suggests that we have already reduced our staff costs by £12m for the next financial year even without selling anyone.

Posted By: Jim on October 24th 2018 at 12:16:31

Message Thread

Any accounts experts out there. What does this mean: (NCFC) - Jim, Oct 24, 11:32:45
- Jim is no longer concerned (NCFC) - Henclrikus, Oct 24, 12:21:56
  - I am still concerned about our ability to compete long term but we are where we are (n/m) (NCFC) - Jim, Oct 24, 12:27:40
- To anyone reviewing the accounts, I wouldn’t get too excited about the detail such as this (NCFC) - SimonOTBC, Oct 24, 12:16:15
  - I concur... cash is the ligeblood of any business (n/m) (NCFC) - Worthing Yellow, Oct 24, 12:57:45
    - Lifeblood ffs (n/m) (NCFC) - Worthing Yellow, Oct 24, 12:57:56
      - I’ll let you off after your late night! (n/m) (NCFC) - SimonOTBC, Oct 24, 12:58:31
- Olive (n/m) (NCFC) - Ralf Scrampton, Oct 24, 12:00:26
- i think it still indicated we have tough times ahead (NCFC) - earlydoors, Oct 24, 11:54:13
  - If I read it right though we are still owed £42m for players (NCFC) - Jim, Oct 24, 12:01:07
    - Correct (NCFC) - mr carra, Oct 24, 12:15:53
- What it means: (NCFC) - mr carra, Oct 24, 11:47:32
  - Ok so do we think then this is basically Naismith, Jarvis and Martin and that (NCFC) - Jim, Oct 24, 12:02:30
    - Yes (NCFC) - mr carra, Oct 24, 12:10:22
      - Thanks - thats what i was thinking which is posiitve because unless i am (NCFC) - Jim, Oct 24, 12:16:31
        
        Reduced the accounting expense (NCFC) - SimonOTBC, Oct 24, 12:19:59
        
        For completeness, part of the £12m is non cash anyway though (NCFC) - SimonOTBC, Oct 24, 12:20:36
    - Other players I think because those guys would just depreciate normally, which would (NCFC) - Steve in Holland, Oct 24, 12:09:38
      - I doubt it’s oliveira and husband (NCFC) - SimonOTBC, Oct 24, 12:13:20
        
        Ah, am I correct in thinking that my incorrect thinking is because we are talking about (NCFC) - Steve in Holland, Oct 24, 12:16:40
        
        Yes that’s right (NCFC) - SimonOTBC, Oct 24, 12:24:58
    - It’s partly the write off of the value of transfer fees paid (NCFC) - SimonOTBC, Oct 24, 12:08:40
      - Thats what i'm getting at because doing the turnoever/wages figures its quite important (NCFC) - Jim, Oct 24, 12:14:58
        
        Yep (NCFC) - mr carra, Oct 24, 12:19:38
        
        or want to buy anyone new (n/m) (NCFC) - CWC, Oct 24, 12:36:09
        
        well presumably the current accounts include purchases of players... (NCFC) - mr carra, Oct 24, 12:53:07
        
        It takes the expense out of the income statement (NCFC) - SimonOTBC, Oct 24, 12:19:07
        
        I get that but you would assume that of the £42m to come in from player sales (NCFC) - Jim, Oct 24, 12:24:46
        
        I haven’t looked at the accounts (NCFC) - SimonOTBC, Oct 24, 12:26:09
        
        According to the accounts... (NCFC) - mr carra, Oct 24, 12:30:14
  - Switching CAPEX to OPEX then? (n/m) (NCFC) - Bungle, Oct 24, 11:49:51
    - It’s matching the p&l expense with the consumption of the asset (NCFC) - SimonOTBC, Oct 24, 11:58:54
    - Effectively, yes. (n/m) (NCFC) - mr carra, Oct 24, 11:53:24
- Jarvis maybe? (n/m) (NCFC) - Bungle, Oct 24, 11:40:36
  - Its a big sum though. Even if Jarvis is on £40K a week that £2m for his final year (n/m) (NCFC) - Jim, Oct 24, 11:41:50
- Naismith? (n/m) (NCFC) - SCC 28, Oct 24, 11:38:30
  - Yes (NCFC) - SimonOTBC, Oct 24, 11:42:10
  - I assumed it must include Jarvis. Is Nelson registered? Surely he is. (n/m) (NCFC) - Jim, Oct 24, 11:40:10

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