Recent content by AnAspiringAccountant

Ah yeah, was going to post a bit about FFP- depreciation adjustment eh? Interesting! The gain on disposal was £36m or thereabouts. Sadly my print screen doesn't allow me to post it as before- is this in terms of profit on disposal when it's paid for in the form of other loans? The cash basis...

Hi @Fidget A couple of updates you might be interested in. Hope you are keeping well and safe in these extraordinary times. Update 1. The charges against Chansiri, Meire and Redgate were dropped by the EFL. Update 2. Derby were charged in January- the Pride Park valuation (see my first thread...

Just seen this and checking in. Thank you. Gains and Losses on disposal go through the P&L. Non-cash item, depreciation adjustment? Read elsewhere that it is in the form of loans, or indeed offsetting. Given that Depreciation is excluded under FFP, ie if you have say £2m on depreciation in...

Aah think I'm getting there? Accruals- though being in the form of Loans seems an odd method of payment?

Asset sale and leaseback and recognition as profit. Essentially, in 2019, a company sold their fixed asset to a commonly owned company for £56.7m. What I found interesting was that it was classified under "Debtors" and the category was "Other Loans". Unsure where the other £5m arises though...

Those said attachments. I have my scepticism as to whether FFP should just clear this.

Well their accounts are out. Couple of interesting notes on the ground thing. £56.7m price paid- yet all under "Other Loans Receivable"- banked the profit last season though in the P&L. How they came to that price and profit is also curious. Will post some attachments later.

Football appears to be a bit of a treasure trove for interesting accounting practices! My posts aside, it's an interesting research area subject IMO. Nonetheless I do believe that if the Impairments, the valuations, the swings in value or the profit cannot be justified in accounting and...

Aston Villa have declared they complied- their full accounts aren't out yet however, so it's still hard to say. Who knows whether further and in depth investigation would imply otherwise? Seems Aston Villa Limited owned Villa Park but there are some odd swings in value there, swings that are...

Interesting note just saw on Twitter. The company who purchased the stadium, NSWE Stadium Limited. Formerly part of the group until mid May last year to be directly owned by the owners, have pushed their reporting date back by a day- which means that they don't need to submit accounts until...

Sorry yeah, the Stoke bit- there was a swing of less than 5% and that maybe was a downward revaluation rather than Impairment. Villa Park is one I really cannot work out...they might still have trouble justifying it for FFP purposes! From what I've seen albeit nothing for a month or so, the PL...

Thanks, yeah. I've read bits about Reversal of Impairment online- it seems pretty unorthodox let's say, as most clubs relegated don't see huge swings in asset value, certainly not fixed assets- for comparison sake, Stoke Impaired their ground by less than ...for FFP and vs technical accounting...

Decided to revisit it for one or two reasons. Villa Park is included within Tangible Assets and in turn, it is/would be under Freehold Land and Buildings. The Recoverable Amount is below £50m do we think- possibly lower still? Only real reason I ask is that Villa Park in May 2019, sold for...

Hope this comes out okay. Screenshots 3 and 4 are respectively the BSH Accounts on the HKSE which show no reference to the ground sale and the segmented accounts- it's all in HK$- which show the football club section of these accounts. Clearly it cancels out at that level. What I'm intrigued by...

Thank you. So it's fair enough then basically? Necessary in fact due to Anti Avoidance rules. Like I say I have no particular issue with the price or the rent- 5% rent seems okay on the face of it, and The added complication here is that the consolidated accounts are listed on HKSE. The...