Sheffield Wednesday Annual Report & Accounts 2011

[scoobydotcom]

http://www.swfc.co.uk/page/News/0,,10304~2552825,00.html

 

I can never understand any of these!

 

http://www.swfc.co.uk/staticFiles/7/97/0,,10304~169735,00.pdf

[Stockers]

http://www.swfc.co.uk/page/News/0,,10304~2552825,00.html

 

I can never understand any of these!

 

http://www.swfc.co.uk/staticFiles/7/97/0,,10304~169735,00.pdf

 

I thought you lot were all qualified accountants?

[TAT]

Am sure one of the financial experts the Owls have on here will help you out !

 

Salmonbones or Titanic at a guess.

 

SEEMs a hell of a lot of charity in the form of debt "write offs"...

[scoobydotcom]

Last season, as part of the takeover strategy our operating losses were offset by the waiver of the intercompany debt (of £21.4m) and although no money changed hands, the accounting treatment saw the eventual profit reach £15.8m.

 

In English please

[Billy Casper]

Not 100% sure but it looks like we're 11 million in the black (Credit). I'm sure someone will come along and verify it all.

[Funky_Gibbon]

Last season, as part of the takeover strategy our operating losses were offset by the waiver of the intercompany debt (of £21.4m) and although no money changed hands, the accounting treatment saw the eventual profit reach £15.8m.

 

In English please

 

I don't really speak accountant but I believe it says that we were operating at a loss until the larger intercompany debt was written off, leading to an annual profit as a result?

[Titanic99]

I don't like the look of the operating loss of over 6 million to be honest!

 

One thing that does confuse me about this though is that a big chunk of the season ticket revenue would have been after the financial year ended, so perhaps it isn't that bad.

 

Not brilliant results, but could have been a lot worse.

[Stockers]

I don't like the look of the operating loss of over 6 million to be honest!

 

One thing that does confuse me about this though is that a big chunk of the season ticket revenue would have been after the financial year ended, so perhaps it isn't that bad.

 

Not brilliant results, but could have been a lot worse.

 

Considering you lads are down to the bones already and have a few ground improvements to do how do you see Wednesday turning their loss into a profit over the next 6 months?

[Robbie Loving]

This is a thread about Owls accounts.... Do keep on topic

[canadablade]

Haa, haa! Lovely stuff.

 

That pre-tax profit of 15million includes the 21million that was written off by the Co-op Bank. Wednesday showed an operating loss of 6.8million. They have a debt of 6.4million owed to UK Football Investments, and a further 3.1million of other long term debt. What happened to the "debt-free" club?

 

LOVELY STUFF INDEED