Kowalski Posted November 25, 2017 Share Posted November 25, 2017 We seem to be in fairly good shape. https://www.afc.co.uk/2017/11/25/latest-accounts-show-strong-results-aberdeen-football-club/ Wages have increased quite a bit but wages to turnover ratio is 51% which is decent. Quote Link to comment Share on other sites More sharing options...
TheDeeDon Posted November 25, 2017 Share Posted November 25, 2017 Over 400k going out to directors is shocking in my opinion. Just noticed our bankers are HSBC, they are the huns of the banking world, a horrible institution and our Auditors Deloitte are pretty much the same IMO. Duncan Fraser has earned his corn once again with some fine financial chicanery going on. Quote Link to comment Share on other sites More sharing options...
Kowalski Posted November 25, 2017 Author Share Posted November 25, 2017 Every silver lining. Quote Link to comment Share on other sites More sharing options...
tom_widdows Posted November 25, 2017 Share Posted November 25, 2017 Just noticed our bankers are HSBC, they are the huns of the banking world, a horrible institution you mean 'the world's favourite bank'. The same one that asked my GF if Australia was in the EU and has a habit of blocking your cards should you dare spend a single penny anywhere south of the Isle of Wight Quote Link to comment Share on other sites More sharing options...
manc_don Posted November 26, 2017 Share Posted November 26, 2017 you mean 'the world's favourite bank'. The same one that asked my GF if Australia was in the EU and has a habit of blocking your cards should you dare spend a single penny anywhere south of the Isle of Wight Never once had a problem with them. Only temporarily blocked my account when I withdrew money in Serbia without telling them. Fair game I thought! Anyway, good to see we’re doing reasonably well. Quote Link to comment Share on other sites More sharing options...
ayrshire_don74 Posted November 28, 2017 Share Posted November 28, 2017 can some accounting boffin comment on the exceptioanal impairment costs which show as an overall loss ? Quote Link to comment Share on other sites More sharing options...
Jute Posted November 28, 2017 Share Posted November 28, 2017 can some accounting boffin comment on the exceptioanal impairment costs which show as an overall loss ? Think it is something to do with an asset having a market value less than that listed in the previous accounts. Only thing I think this could refer to in our case is the stadium but that is a guess on my part. Quote Link to comment Share on other sites More sharing options...
Guest kiriakovisthenewstrachan Posted November 28, 2017 Share Posted November 28, 2017 Yes, correct Jute. The value of Pittodrie in the last accounts was £18M. The expected value of selling the site for property development is £15.25M therefore the difference has been written off in the accounts this year. A paperwork exercise really so that the asset value is correctly stated in the accounts. Quote Link to comment Share on other sites More sharing options...
RicoS321 Posted November 28, 2017 Share Posted November 28, 2017 Or at least it would be a paper exercise if we weren't actively trying to sell it. Revaluing the property downwards just before selling it to our property developing chairman on the cheap for him to build hooses on Pittodrie....... it's a conspiracy. Quote Link to comment Share on other sites More sharing options...
Guest kiriakovisthenewstrachan Posted November 28, 2017 Share Posted November 28, 2017 Revaluing the property downwards just before selling it to our property developing chairman on the cheap for him to build hooses on Pittodrie....... it's a conspiracy. Ats a bit cynical Rico. Rocket will be desperately trying to post an anti-Milne statement shortly. Quote Link to comment Share on other sites More sharing options...
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