Honest answer

The profit and loss account of the club is misreading to the general user of accounts and is not a indicative measure of success or failure to manage cash. Depreciation and amortization are not something you write out a cheque for. If you are going to comment on the P&L use a ratio such as earnings before interest, depreciation and amortization, look at gross and net margins and interest cover.

You should focus on the balance sheet and cashflow statement. Look at cash amd readily convertible assets. Think about debt to equity and net assets.

Posted By: J in NYC on December 21st 2007 at 10:22:21

Message Thread

FAO any financial whizzkids on here (NCFC) - thebigfeller, Dec 21, 08:07:16
- Background (NCFC) - macbeth, Dec 23, 10:25:47
- makes interesting reading! (n/m) (NCFC) - phrankin, Dec 21, 10:37:23
- Honest answer (NCFC) - J in NYC, Dec 21, 10:22:21
- ho ho ho (NCFC) - east of hampstead, Dec 21, 09:42:47
  - Of course the debt repayments aren't crippling (NCFC) - Winged Eel Creosote, Dec 21, 09:56:36
    - so you keep saying. (NCFC) - east of hampstead, Dec 21, 10:55:49
      - It is not a profit and loss account item (n/m) (NCFC) - J in NYC, Dec 21, 11:55:17
  - Thing is though (NCFC) - thebigfeller, Dec 21, 09:52:25
  - So what's the agenda here then? (NCFC) - Winged Eel Creosote, Dec 21, 09:49:58
    - POint me to the 2007 figures please (NCFC) - macbeth, Dec 23, 10:30:35
    - LOL! That's one reply who thought it was anti-board, and another who thinks it's pro it (NCFC) - thebigfeller, Dec 21, 09:59:21
      - AFAIK (NCFC) - Winged Eel Creosote, Dec 21, 10:41:25
        
        Thankyou! (NCFC) - thebigfeller, Dec 21, 10:49:53
      - itys cos most wrathers are a bunch of (NCFC) - phrankin, Dec 21, 10:39:28
      - The last paragraph is spot on (NCFC) - DiscoDaleGordon, Dec 21, 10:13:02
        
        What a crap post (n/m) (NCFC) - Old Git, Dec 21, 10:15:30
        
        bollock (n/m) (NCFC) - HairyBobbingManAss, Dec 21, 10:28:49
        
        s (n/m) (NCFC) - HairyBobbingManAss, Dec 21, 10:28:53
      - To be fair, bigfella, (NCFC) - Old Git, Dec 21, 10:02:43
        
        Humbug! (NCFC) - thebigfeller, Dec 21, 10:08:04
- *accounts (n/m) (NCFC) - thebigfeller, Dec 21, 08:36:57
- Thankyou - most informative (NCFC) - Cannydc, Dec 21, 08:25:41
  - Fair dos - he's notorious for that sort of thing, to be fair! (NCFC) - thebigfeller, Dec 21, 08:37:52

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