Good Study Now Of Accounts..QPR Fc Profit..QPR holdings Loss

[qblockpete]

At 31 May 2009 Queens Park Rangers Athletic and Football Club Limited made a profit after tax of £418,000, up from £98,000 the previous year.

the group has net current liabilities £12.8 million, and net liability of £5.7 million (from last 12 months)

QPR Holdings Limited itself has chosen not to publish its own profit and loss account,

but it indicates to me the football side of things made a profit, (the holdings part of the buisness lost money) so spending millions on players is a total smokescreen by people who don't really understand the ins and outs of how it works.

We seem to be losing 5-6 million a year

[W12_Ranger]

At 31 May 2009 Queens Park Rangers Athletic and Football Club Limited made a profit after tax of £418,000, up from £98,000 the previous year.

the group has net current liabilities £12.8 million, and net liability of £5.7 million (from last 12 months)

QPR Holdings Limited itself has chosen not to publish its own profit and loss account,

but it indicates to me the football side of things made a profit, (the holdings part of the buisness lost money) so spending millions on players is a total smokescreen by people who don't really understand the ins and outs of how it works.

We seem to be losing 5-6 million a year

A paltry 400k profit if I'm reading it right which will surely read at a loss for the next financial year due to a massive shortfall this season in ST Sales.

[qblockpete]

its just such headlines like QPR lose 25 million or 19 million are misleading aren't they?

Its a 5 million loss from last year and thats seems to be happening each year, which is firmly linked to QPR holdings.

They have decided not to show us the breakdown, under the Companies Act 2006.

(most companies do this, if they don't want us to see it)

QPR FC made a slight profit

[qblockpete]

I should stick this because factual stuff, tends to get missed or not replied to.

[W12_Ranger]

its just such headlines like QPR lose 25 million or 19 million are misleading aren't they?

Its a 5 million loss from last year and thats seems to be happening each year, which is firmly linked to QPR holdings.

They have decided not to show us the breakdown, under the Companies Act 2006.

(most companies do this, if they don't want us to see it)

QPR FC made a slight profit

I have had another look and I can see how non accountancy people can get confused but the way I now read is we lost £19 million last year and £6 million in 2008 which equals £25 million.

P10 for the Holdings P&L Account

Take another look.

[PeterG]

the split is a bit meaningless because they decide what goes through the club and what goes through holdings books. The bottom line is all that really counts, looks like a lot of people speculating on what the accounts mean.

[qblockpete]

w12ranger

Net Debt 2008 19 millioN NET DEBT PLUS some change
Net Debt 2009 24 million net debt plus some change

Can I suggest you read it again on the last page.

cheers

[W12_Ranger]

the split is a bit meaningless because they decide what goes through the club and what goes through holdings books. The bottom line is all that really counts, looks like a lot of people speculating on what the accounts mean.

You know I think your right we can sit here speculating but we will never get the full detail. You get a fair idea whats going on but in truth what we really want to see is a breakdown of all fees paid and wages. Without that detail your just guessing and we are never going to be privvy to that sort of information (unless your Pete off course and you speak to your mate at the football league).

[Receed R]

I should stick this because factual stuff, tends to get missed or not replied to.

spot on the head

why bother with the truth when lies get them more attention?

Really do despair for these individuals

[qblockpete]

LOL

Now we are just guessing because it doesn't fit certain agendas.

You have to laugh

[W12_Ranger]

w12ranger

Net Debt 2008 19 millioN NET DEBT PLUS some change
Net Debt 2009 24 million net debt plus some change

Can I suggest you read it again on the last page.

cheers

Thats how I read it the first time if you check the original thread, apologies I was reading the wrong sheet.

I don't have an agenda, I'm trying to get my head around the figures.

I'm sure someone with a bit more savvy with accounts than me and you will be on tomorrow and break them down.

[Receed R]

LOL

Now we are just guessing because it doesn't fit certain agendas.

You have to laugh

dont have an agenda that is really funny

wonder whether they had this jotted down as part of their minuets for tonight

Im looking forward to saturday and hopefully a few beers after whilst these chaps are worrying about how much GP pays for a cup of tea in the local cafe

[qblockpete]

If you are lucky W12 ranger might come back wth a report, that a builder overheard the chat in the cafe

[Sharpy]

How old are you Peter ?

[qblockpete]

If someone gives it, they should be able to take it back.

not a matter of how old you are

A big headline tonight by a poster for effect about 25 million in debt !!

Sends alarms bells ringing, because its not properly explained