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NUFC Accounts 12/13


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Well predicted Fishtrodamus. Been filed today at Co House, but not available to view yet.

 

Are they free to view or is there a fee?

 

Edit - Not saying I'm going to pay to get a hold of something that'll make little to no sense to me, just curious

Edited by The Fish
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The MASH accounts are available for download. They are made up to 30/4/14, so not quite in sync with the club's.


This is the main bit specific to us:


5OhikTl.png


Also mentions elsewhere that amortisation and impairment on player registrations was only up £4m.

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The MASH accounts are available for download. They are made up to 30/4/14, so not quite in sync with the club's.

 

This is the main bit specific to us:

 

5OhikTl.png

 

Also mentions elsewhere that amortisation and impairment on player registrations was only up £4m.

It's the hike in operating expenses that needs a good look at as they rose 26% (on what ???) that's £22Mill of the errant £28Mill(and Fish I think you do have to pay).

 

It's the Op expenses that reduced the profit, would be interesting to see what the cash at bank figure is, maybe that hike was a book hike and the cash is still sloshing around (or maybe not!!).

Edited by Toonpack
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And how did wages go up £5m in that period? Even if Remy was on £100k pw that would have been offset by roughly £3m due to Harper, Perch, Simpson and Cabaye leaving.

 

Were there any big contracts renewed on improved terms during the period?

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And how did wages go up £5m in that period? Even if Remy was on £100k pw that would have been offset by roughly £3m due to Harper, Perch, Simpson and Cabaye leaving.

 

Were there any big contracts renewed on improved terms during the period?

 

The previous accounts would only have included 2-3 months of the Jan 13 panic signings.

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£9m paid to acquire intangible fixed assets? I know the loan fee for Remy was £2m but I'm not sure that the remainder is made up of.

 

Unless we're not paying for all our transfers upfront as previously claimed.

 

Edit: Only £1.8m outstanding on transfers.

Edited by ewerk
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The so called "missing" cash is in the bank the expenses, and therefore profits, have been massaged for tax reasons we must presume.

 

We're minted, no excuses, time to show it (if we stay up).

I expect they've been massaged down as a massive profit is a bad look given our abysmal season. I doubt bogus expenses will stand up to HMRC scrutiny however

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I expect they've been massaged down as a massive profit is a bad look given our abysmal season. I doubt bogus expenses will stand up to HMRC scrutiny however

 

I don't think they give a toss how it looks to anyone but the Tax Man to be honest.

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I don't think they give a toss how it looks to anyone but the Tax Man to be honest.

It's only the internet kids in the Mystery Machine who'll even know about them. Most match goers will see an article about the results and have no interest beyond the profit line.
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So looking at what we have to spend in the summer.

 

£38m in the bank at the end of June2014.

£30m spent on players since

£12m recouped on players since

£5m to add to that from Mbiwa

Total of £25m

 

Operating profit for 14/15 will be about the same as 13/14 - £5m

 

Leaves a £30m kitty in place. Ashley likes to have some in reserve in case of the threat of relegation like.

 

Think £20m net spend tops in the summer.

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