Understanding NCFC's finances made easy - part 2 the debt reduction in 05/06

MY FORECAST RE 05/06 SEASON
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Dont forget Doncaster's comments near the start of last season about concentrating on getting the non Jarrold stand loan paid off.

Debts from part 1;
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Other loans re Corner stand and land ?5,382k

Overdraft ?1,157k

Provision re utility work etc ?500k

plus
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Jarrold stand - capital repayment ?661k
re 05/06 season

TOTAL ?7,700k
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Sources of money to pay off the above:
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Hotel deal ?1,100k

Other debtors (note 16 in Accounts)
- re land sale for flats ?2,570k

Cash balance ?2,990k

From cash generated in 05/06
season ?1,040k

TOTAL ?7,700k
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Depending on whether they decide to clear the overdraft, I'm expecting a debt reduction of
?6.5m to ?7.7m. by the 31/5/06 unless they have done something unexpected !

Posted By: Financebod, Jul 12, 10:56:21