: Tue Nov 24, 2009 4:02 pm  

Bertie wrote:

I do hope Rovers comply with the rules when submitting their accounts. Apparently one club went against their accountants advice and included players transfer values as a tangible fixed asset. Not doing this would have reduced their fixed assets and reduce their capital and assests by £780,000.

Plain cheating or cooking the books ?

Surely one employs accountants and follow the rules.

I assume this club has been fined every year for the last 4 years then?

: Tue Nov 24, 2009 4:06 pm  

Bertie wrote:

I do hope Rovers comply with the rules when submitting their accounts.

They don't. They're late year after year.

: Tue Nov 24, 2009 4:20 pm  

Bertie wrote:

I do hope Rovers comply with the rules when submitting their accounts. .

[Kosh]

: Tue Nov 24, 2009 4:47 pm  

Gordon Gekko wrote:

It can also help boost a company's credit rating

That did occur to me, although I would have thought that the qualification recorded against the accounts every year by the auditors would mitigate against that.

[Kosh]

: Tue Nov 24, 2009 4:47 pm  

Bertie wrote:

I do hope Rovers comply with the rules when submitting their accounts. Apparently one club went against their accountants advice and included players transfer values as a tangible fixed asset. Not doing this would have reduced their fixed assets and reduce their capital and assests by £780,000.

Plain cheating or cooking the books ?

Surely one employs accountants and follow the rules.

Remind us all which club has been fined for not following the rules and which hasn't.

: Tue Nov 24, 2009 7:18 pm  

rovers r red wrote:

nah, it'd be a lot easier to cheat the salary cap, play players against weaker sides that shouldn't be playing, get to wembley, lose (again) and be proud of your heritage. Then bank the receipts & stick 2 fingers up at the RFL.

the difference between Hulls profit and Rovers loss is 293k...we 'saved' some money by Crocker not arriving, but it certainly woulden't been that much.

we are just being run and operated more efficiently.

the way the SL teams accounts are going it'll be a 2 horse championship between us and Leeds in a couple of years!

: Tue Nov 24, 2009 7:35 pm  

berrigans bitch wrote:

Can I have a clue please

You certainly can.

The last time Hull fc filed their accounts hull went against their accountants adviceand included players transfer values as a tangible fixed asset. not doing this would reduce their fixed assets and reduce their capital and reserve by £780,000. Its not always simple as looking at the headline figures as those accounts show.

HTH.

: Tue Nov 24, 2009 7:36 pm  

Bertie wrote:

You certainly can.

The last time Hull fc filed their accounts hull went against their accountants adviceand included players transfer values as a tangible fixed asset. not doing this would reduce their fixed assets and reduce their capital and reserve by £780,000. Its not always simple as looking at the headline figures as those accounts show.

HTH.

Booooooooooooooooooooooo

Damn you spoitl it for me now, I was working the anagram out

: Tue Nov 24, 2009 9:25 pm  

Do you know why they bother showing these figures in the balance sheet??

[Kosh]

: Tue Nov 24, 2009 9:36 pm  

Gordon Gekko wrote:

Do you know why they bother showing these figures in the balance sheet??

I expect they're attempting to be clever about something. No idea what, though.