The ?1.9m

relates to the capital repayment re the "Jarrold Stand" loan ?714k during the current 06/07 season and an assumed repayment of the overdraft, ?1,157k (at 31/5/05)

This is different from the first para that relates to the debt reduction (assumed to be ?6m) in 05/06 season.

A fundamental think to grasp is that cash and other assets (eg the debtor re the flats ?2.6m) as well as the debts on the Balance Sheet is different from the annual Profit and Loss.

You may have difficulty re the above but remember
I have difficulty in understanding science!

Posted By: Financebod, Oct 12, 18:28:56