Azteca1903 Posted November 2, 2013 Share Posted November 2, 2013 For those of you with better things to do at three minutes past midnight on a friday evening, the financial results were released last night. "The overall turnover fell from £8.337 million to £7.85 million, mainly due to the decline in SPL attendances although that income drop was partly offset by a strong performance on the commercial side of the business.[/size]"Wages increased from £5.018 million to £5.256 million following a number of changes in the structure of the workforce, and combined with our drop in turnover our wages to turnover ratio is higher than we would like at 67 per cent, compared to 60 per cent in the previous year. Indications are that this will come back into line with our 60 per cent or below expectation levels in the year ended 30 June 2014 as a result of stronger trading performance to date."The loss for the year after tax was slightly up on the previous year at £1.439 million (2012 - £1.365 m). [/size] - See more at: http://www.afc.co.uk/articles/20131101/annual-report-2013_2212158_3519723#sthash.xkuK3d12.dpuf[/size][/c] [/size] http://www.afc.co.uk/staticFiles/45/bf/0,,10284~180037,00.pdf Quote Link to comment Share on other sites More sharing options...
manc_don Posted November 2, 2013 Share Posted November 2, 2013 Noticed that this morning, can't say im overly concerned and it doesn't seem like the club is either. I also noticed that Milne said that this will not have an impact on the playing staff budget as he doesn't think that's the right way to do things. Are we possibly about to see everything come together after years of apparent mismanagement??? Quote Link to comment Share on other sites More sharing options...
scotfree Posted November 2, 2013 Share Posted November 2, 2013 When you think of it, that's only how much The Rangers are down in a month and a half. Quote Link to comment Share on other sites More sharing options...
stubo72 Posted November 2, 2013 Share Posted November 2, 2013 Cheers for posting man. Quote Link to comment Share on other sites More sharing options...
TENEMENTFUNSTER Posted November 2, 2013 Share Posted November 2, 2013 Not like any of that is good news though is it? Quote Link to comment Share on other sites More sharing options...
Superstar Tradesman Posted November 4, 2013 Share Posted November 4, 2013 Were you expecting any? It is what it is and it'll remain so until we see a large investment or have a sustained period where we win cups, the league or decent runs in Europe. Quote Link to comment Share on other sites More sharing options...
TENEMENTFUNSTER Posted November 4, 2013 Share Posted November 4, 2013 Were you expecting any? It is what it is and it'll remain so until we see a large investment or have a sustained period where we win cups, the league or decent runs in Europe. Did I say I was? Quote Link to comment Share on other sites More sharing options...
Superstar Tradesman Posted November 5, 2013 Share Posted November 5, 2013 Did I say that I thought you were saying that you were? Twas merely a question. Quote Link to comment Share on other sites More sharing options...
️ Come on you Reds! 
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