Quote from: Ad@m on July 23, 2018, 07:56:24 PMI thought I'd been quick enough!! Under normal circumstances upwards revaluations don't create an income statement impact, but if it's a reversal of a previous downward revaluation then it might. I'm not close enough to the FFP regs to know if that's an allowable profit though. It seems (according to Matt Scott) that it's exclusion from FFP took place under Premier League FFP where our permitted losses were £105m. We'd have, with its inclusion, lost £109m so would have been unlikely to be sanctioned. This gives us scope to revalue.
I thought I'd been quick enough!! Under normal circumstances upwards revaluations don't create an income statement impact, but if it's a reversal of a previous downward revaluation then it might. I'm not close enough to the FFP regs to know if that's an allowable profit though.
Quote from: Drummond on July 23, 2018, 04:04:18 PMQuote from: FrankyH on July 23, 2018, 03:58:03 PMQuote from: Drummond on July 23, 2018, 03:49:24 PMI see we've already paid off the mortgages we took out on the land...How do you know that ?Companies HouseNot sure if I’m understanding these right, but it seems there was a mortgage against Villa Park?!
Quote from: FrankyH on July 23, 2018, 03:58:03 PMQuote from: Drummond on July 23, 2018, 03:49:24 PMI see we've already paid off the mortgages we took out on the land...How do you know that ?Companies House
Quote from: Drummond on July 23, 2018, 03:49:24 PMI see we've already paid off the mortgages we took out on the land...How do you know that ?
I see we've already paid off the mortgages we took out on the land...
Quote from: Drummond on July 23, 2018, 04:04:18 PMQuote from: FrankyH on July 23, 2018, 03:58:03 PMQuote from: Drummond on July 23, 2018, 03:49:24 PMI see we've already paid off the mortgages we took out on the land...How do you know that ?Companies HouseWhy do we own a semi-detached house in Great Barr? Still, we own it out right now.
Quote from: Ads on July 23, 2018, 07:26:49 PMQuote from: Drummond on July 23, 2018, 04:04:18 PMQuote from: FrankyH on July 23, 2018, 03:58:03 PMQuote from: Drummond on July 23, 2018, 03:49:24 PMI see we've already paid off the mortgages we took out on the land...How do you know that ?Companies HouseWhy do we own a semi-detached house in Great Barr? Still, we own it out right now.No that’s the bloke who was going to buy us from Doug. He’s moved out from his ma’s gaff in Harborne to his own place in Great Barr.
Quote from: Ad@m on July 23, 2018, 07:56:24 PMI thought I'd been quick enough!! Under normal circumstances upwards revaluations don't create an income statement impact, but if it's a reversal of a previous downward revaluation then it might. I'm not close enough to the FFP regs to know if that's an allowable profit though. The property is all contained within "Investment Property" and is recorded at Fair Value. Any increases or decreases in value would hit the P&L. The Fair Value in 2016 was £36.8m. There was then impairment of £2.6m, taking the fair value down to £34.2m at 31 May 17. Unless there's been a dramatic change in something in 2018, I can't see why there'd suddenly be a huge upward shift in value?
Quote from: Risso on July 23, 2018, 10:41:36 PMQuote from: Ad@m on July 23, 2018, 07:56:24 PMI thought I'd been quick enough!! Under normal circumstances upwards revaluations don't create an income statement impact, but if it's a reversal of a previous downward revaluation then it might. I'm not close enough to the FFP regs to know if that's an allowable profit though. The property is all contained within "Investment Property" and is recorded at Fair Value. Any increases or decreases in value would hit the P&L. The Fair Value in 2016 was £36.8m. There was then impairment of £2.6m, taking the fair value down to £34.2m at 31 May 17. Unless there's been a dramatic change in something in 2018, I can't see why there'd suddenly be a huge upward shift in value?I have a property in my company that I rent out. When I discuss its value every year my accountant asks me has the value increased or not ? To a certain degree I get the impression I can up it if I choose to ?
Wasn't one of the reasons we lost so much, final PL season I think, to do with property values or am I imagining that?
Glad you've finally admitted it. But just to give it a bit more context, I'd argue that Leeds United are every bit as big as vile yet they didn't get this level of spawniness thoughout their last 15 years of struggle. If you're going by history, then both Sheffield clubs are arguably on a par too, yet they've endured decades of being shat on, including dropping into the third tier more than once. So to suggest that a "bigger club than Blues" can't be expected to drop neck deep into the brown stuff is simply not true, as demonstrated by that trio of Yorkshire clubs. You might add Sunderland to that list too. So it really wasn't the stuff of fantasy to hope vile would go the same way, but then of course they predictably found a way out of it before any of the fun could truly begin. Spawny bastards, as usual.