NCFC Accounts, before the inquests start...

Everyone needs to be aware of the differences between profit & loss, balance sheet, and cashflow statements.

Profits don't necessarily equal cash, and losses don't necessarily mean no cash.

P&L; summarises revenues earned and costs incurred during the year (not cash in and cash out... accrual concept of accounting) - a 'history book'of the year

BS; statement of assets, liabilities and capital of the business at a moment in time - a snapshot

Cashflow; an aggregate statement of cash inflows and outflows from both its operations and its investments during the period.

All three have to be read in combination to get a full picture.

Posted By: Worthing Yellow on November 5th 2019 at 10:24:07

Message Thread

NCFC Accounts, before the inquests start... (NCFC) - Worthing Yellow, Nov 5, 10:24:07
- Basically, for my benefit, simple 'Yes' or 'No', are we fucked? (n/m) (NCFC) - Azteca, Nov 5, 10:46:15
  - We are not f**ked as long as we are in the premier league or have parachute payments (NCFC) - Jim, Nov 5, 10:57:43
  - We're in good shape... prudence 👍 (n/m) (NCFC) - Worthing Yellow, Nov 5, 10:53:00
    - With Ambition😁 (n/m) (NCFC) - Men without hats, Nov 5, 11:28:48
  - Skint but fine (n/m) (NCFC) - SCC 28, Nov 5, 10:49:07
- Its also a very confusing picture because our year end is June so in a promotion or (NCFC) - Jim, Nov 5, 10:30:00
  - is Webber not one of the directors? (NCFC) - CWC, Nov 5, 12:32:37
    - No he's not a director of the company, despite his job title. (n/m) (NCFC) - Jim, Nov 5, 12:34:46
  - Wage bill was down to £24m though before promotion bonuses which was massive drop on (NCFC) - Jim, Nov 5, 10:32:57

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