Everton Transfer Thread 2016

[Goat]

I assume it would be more a tax term Goat. Profit per accounts is the start.

Then we adjust accounting profit for anything that is tax sensitive to get tax adjusted profit, or trade profit. I assume in this case you mean a business carrying on a trade, of which trading footballers is the principal activity?

Lad?

Dunno where you learnt your accounting but I have no idea what you just said.

Allow me to explain :

We sell young John for pyar wonga, then we go and spunk the lot of it on overpriced tosh like the boy Williams and crazy eyes Indi.

 

[mill]

Ahh. I see. Knew the/a Stones sale was important re wages, just not that big an increase.

Won't be quite as simple as that.

Stones' book value won't be £3m for a start. That £3m (assuming it was a straight £3m) will be amortised over a period of time. I'd imagine that the amortisation period will be quite short given the risk (maybe a couple of years?).

Not sure what will happen to the sales proceeds but probably the present value of the transfer fee would be 'capitalised' and some of the gain will come through the income statement as interest.

Can't remember exactly off the top of my head.

What I'm saying is it's not going to be as simple as 'bought for X sold for y = z amount of profit.

 

[Slippin Jimmy]

What I can't understand is why we hardly ever do much early business, players need time to gel.I understand our financial situation and saving wages but surely some cheaper signings to bed into the squad would help us even as we try to persuade these big names or move others on?! Just smacks of shambles, our preseason is over and we look average.

We're the tightest club in the prem, that's all there is to it

 

[bobbydigital]

Its only a profit if you don't spend it subsequently on wages or transfer fees Goat.

(q.v. Ashley Williams alerts I've raised).

@The Esk made this very clear. What it does is allows us to get around STTC very easily. As its counted as non-broadcast revenue.

A Stones sale would create a increase in the P&L from the gain on sale realised when the sale is completed.

Purchasing Williams would not effect the P&L as we would be buying an asset and no P&L hit would be realised until we sold the asset and a gain or loss on sale (determined by the asset's amortised value) was realised.

This is also why we would be better off loaning Niasse than selling cheaply and realising the loss on sale in the P&L.

 

[Connor]

John Stones cost 2.2 million. Come on internet accountants.

 

[ToffeeTim]

Lad?

Dunno where you learnt your accounting but I have no idea what you just said.

Allow me to explain :

We sell young John for pyar wonga, then we go and spunk the lot of it on overpriced tosh like the boy Williams and crazy eyes Indi.

Boss.

What's the double entry for that mate?

 

[Goat]

Boss.

What's the double entry for that mate?

John F Stones?

 

[bizzaro]

A Stones sale would create a increase in the P&L from the gain on sale realised when the sale is completed.

Purchasing Williams would not effect the P&L as we would be buying an asset and no P&L hit would be realised until we sold the asset and a gain or loss on sale (determined by the asset's amortised value) was realised.

This is also why we would be better off loaning Niasse than selling cheaply and realising the loss on sale in the P&L.

It would in STTC terms as purchasing an asset and one you have to pay - takes away from that available non-broadcast revenues (which the sale represents).

Honestly. You guys need to stop thinking in purely accounting terms and think in regulatory compliance terms

That is a set of additional rules over and above accountancy rules.

 

[Goat]

And here we are, in the week that the season starts discussing accounting.

Actual do something Everton you heaving axe wound.

 

[bizzaro]

Lad?

Dunno where you learnt your accounting but I have no idea what you just said.

Allow me to explain :

We sell young John for pyar wonga, then we go and spunk the lot of it on overpriced tosh like the boy Williams and crazy eyes Indi.

God, give me strength.

 

[ilikecheese]

And here we are, in the week that the season starts discussing accounting.

Actual do something Everton you heaving axe wound.

Kicking myself for bringing it up. Soz everyone.

 

[Connor]

We need a real money man, step forward @mikewex

He knows all.

 

[bizzaro]

Kicking myself for bringing it up. Soz everyone.

Don't apologise. @MoutsGoat just absolutely murdered it.

 

[Ollie d]

you utter mutant.

You know where to find me

Stoke, maybe?

 

[bizzaro]

We need a real money man, step forward @mikewex

He knows all.

Oh get a grip. Some of you lot know accounting and that is about it.