That wouldn't be an expense, though, so it's not a potential liability

Buying a player means you acquire an asset. Doesn't touch the profit & loss account. I suspect the contingent liability is bonuses payable if we stay up.

Posted By: mr carra on November 5th 2019 at 13:05:29

Message Thread

One last gem from the Notes (NCFC) - Henclrikus, Nov 5, 11:50:12
- What do you think Note 28 is? (NCFC) - Jim, Nov 5, 14:44:28
  - Emoluments just means salaries, fees and gains earned from employment (NCFC) - Worthing Yellow, Nov 5, 18:43:55
  - I do not know (NCFC) - Henclrikus, Nov 5, 15:31:35
    - Pretty sure you're right (NCFC) - mr carra, Nov 5, 15:42:31
      - Why are they not included with the other staff salaries though? (n/m) (NCFC) - Jim, Nov 5, 15:49:59
        
        They are, but they also have to be disclosed separately (n/m) (NCFC) - mr carra, Nov 5, 15:54:53
        
        the website identifies "Key People" (NCFC) - Henclrikus, Nov 5, 15:59:42
        
        Suspect the accounts version is less fluid if anything (NCFC) - mr carra, Nov 5, 16:04:24
      - The reference to "including directors" is interesting though. Is that normal? (n/m) (NCFC) - Jim, Nov 5, 15:46:43
        
        Yes, it's normal (NCFC) - mr carra, Nov 5, 15:58:05
- Obligation to purchase Amadou ? (n/m) (NCFC) - loz, Nov 5, 11:56:28
  - That wouldn't be an expense, though, so it's not a potential liability (NCFC) - mr carra, Nov 5, 13:05:29
  - Not obligation but probably contingency if we do buy him. (n/m) (NCFC) - Steve in Holland, Nov 5, 12:48:26
  - Are we obliged to buy him though? Think its an option isn't it? (n/m) (NCFC) - Jim, Nov 5, 12:34:05
    - Thought we were obliged if we stay up (n/m) (NCFC) - loz, Nov 5, 12:49:23
      - So that's a no then (NCFC) - FreshBlood, Nov 5, 14:24:19
      - contingent liabilities are supposed to be "likely" events though (n/m) (NCFC) - CWC, Nov 5, 14:14:35
      - Club announcement when we signed him said "an option to buy" (NCFC) - Tricky Hawes, Nov 5, 13:19:14
        
        You'd call it "an agreement to buy" (n/m) (NCFC) - mr carra, Nov 5, 13:29:34
        
        Which means that's not what it is then? (NCFC) - Tricky Hawes, Nov 5, 13:35:33
  - good shout. So just the 15m bonuses? (n/m) (NCFC) - Henclrikus, Nov 5, 12:24:46

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