Everton Transfer Thread 2016

[eurosrees]

Yannick Bolassie, even that YouTube video earlier on made him look rubbish, all those goals were a bit McFadden-ish for my liking, there's no way we hired that bloke from Leicester to pick this guy out as a target.

Plus, 20 million pounds, that's proper mental.

 

[bizzaro]

Thats the impression I got from the outside, thanks for confirming it.

Sauced, you.

 

[Goat]

Sauced, you.

I know football Damo.

Simple really.

 

[hibbo'sclass]

I'd say we are safe enough discussing STCC regulation impacts on transfers in the transfer thread.



OK. So:



Using any frame of reference you like, accounting, legal, regulatory, compliance, whatever, explain how

a) the cost of purchases needs to be accounted for completely, but in sales we only look at gains
and
b) how expenditure on players is revenue of any sort, non-broadcasting or not. If it was revenue less expenditure it would be a gross profit figure, not a revenue figure, and if it was revenue less specifically player trading for some reason, you would think they would mention that.

I suspect para 5 is more relevant to you, but that isn't STCC, that is a different set of regulations to be compliant with.

Not sure if I'm answering your question, but regarding point a - the cost of purchases is accounted for in the balance sheet (fixed assets) and as @The Esk stated in an earlier post, the only effect of purchases is the amortisation of the players contract. The increase in revenue is reflected in the profit made on a player (basically a profit on disposal brought into the player trading account in the statutory accounts), but a loss on disposal of a player is discounted for STCC if my reading of esk's post is correct. Haven't checked to be honest.

Point b - no expenditure on players with regards to the acquisition of the contract is reflected in the P&L, just the amortization figure in the player trading account.

If I've misunderstood your questions, I apologise but that puts the player dealings into the context of statutory accounts and STCC hopefully.

 

[BlueToff]

Nah sorry, I think we're miles behind where we should be with a supposed decent board.

Unless there's some serious good spending, like top top quality additions to compensate for being so late in the window, then I'll not be impressed.

I'm sorry but I'm a cynic when it comes to Everton and I will be till they prove otherwise.

well at least give this new board, coaching and scouting staff until the end of their first transfer window to judge, ey?

 

[The Esk]

Not sure if I'm answering your question, but regarding point a - the cost of purchases is accounted for in the balance sheet (fixed assets) and as @The Esk stated in an earlier post, the only effect of purchases is the amortisation of the players contract. The increase in revenue is reflected in the profit made on a player (basically a profit on disposal brought into the player trading account in the statutory accounts), but a loss on disposal of a player is discounted for STCC if my reading of esk's post is correct. Haven't checked to be honest.

Point b - no expenditure on players with regards to the acquisition of the contract is reflected in the P&L, just the amortization figure in the player trading account.

If I've misunderstood your questions, I apologise but that puts the player dealings into the context of statutory accounts and STCC hopefully.

 

[Coffee and TV]

Kev is much better than Bolasie

 

[Abraders]

Yannick Bolassie, even that YouTube video earlier on made him look rubbish, all those goals were a bit McFadden-ish for my liking, there's no way we hired that bloke from Leicester to pick this guy out as a target.

Plus, 20 million pounds, that's proper mental.

This is what i'm thinking.

 

[Goat]

Kev is much better than Bolasie

Kone is better than Bolasie.

 

[ToffeeTim]

I hope we claimed our Annual Investment allowance on Steklenberg lol

 

[mikewex]

Not sure if I'm answering your question, but regarding point a - the cost of purchases is accounted for in the balance sheet (fixed assets) and as @The Esk stated in an earlier post, the only effect of purchases is the amortisation of the players contract. The increase in revenue is reflected in the profit made on a player (basically a profit on disposal brought into the player trading account in the statutory accounts), but a loss on disposal of a player is discounted for STCC if my reading of esk's post is correct. Haven't checked to be honest.

Point b - no expenditure on players with regards to the acquisition of the contract is reflected in the P&L, just the amortization figure in the player trading account.

If I've misunderstood your questions, I apologise but that puts the player dealings into the context of statutory accounts and STCC hopefully.

I'm entirely with you, I'm trying to get Damo to understand this....

 

[Azza]

5 goals and 3 assists last season for Bolasie...

The same as Jon Walters. lol lol lol

 

[Zen_Master]

Rebuilding this squad is going to take around two seasons, 4 windows.

 

[CahillsCornerFlag]

Bolasie is utterly pants, what's going on with us FFS. We need next level players, not lads like him who can't shoot or assist for toffee (unintentional but leaving the pun in). If we spend £20m+ on this guy I'll be very disappointed.

We seem to be going for 'proven' premier league players, that's the pattern I'm beginning to see here.

 

[Mrk]

We started with bold statements and lofty ambitions, and now we're bidding for players like Bolasie...

Oh Everton.