by basil75 » 08 Jun 2011, 19:42
Yes it's outrageous, but lets look at it from another angle.
We knew our loss last year was around 600k before the accounts were published and we now know that 200k of this can be accounted for by this compensation - a one off cost that (you'd hope) won't be replicated in the future, rather than a day to day operating cost. Add depreciation (which is more of a theoretical loss, rather than an actual physical reduction in the clubs bank balance and spending power) and we can account for 300K - almost half of the huge loss that we don't have to really worry about.
Yes it's outrageous, but lets look at it from another angle.
We knew our loss last year was around 600k before the accounts were published and we now know that 200k of this can be accounted for by this compensation - a one off cost that (you'd hope) won't be replicated in the future, rather than a day to day operating cost. Add depreciation (which is more of a theoretical loss, rather than an actual physical reduction in the clubs bank balance and spending power) and we can account for 300K - almost half of the huge loss that we don't have to really worry about.
