Club's Financials

[Yankee_Jack]

Link here: Swans confirm latest accounts | Swansea City FC

Detailed information to the extent that there is detail is available at Companies House, although I have not received my expected notification yet.

 

[CroJack]

Can anyone explain this one:

Operating costs: £175.1 m
Revenue: £126.8 m
Pre-tax loss: £3.2 m

 

[ivoralljack]

Perhaps some transfer income has not been included in 'Revenue'. Don't know really, just guessing.

 

[Yankee_Jack]

I'm going to wait until i see formal financials and do the year over year comparison. With discrepancies like this the notes are going to make interesting reading.

 

[Behindthegoal]

So we haven't lost this £30m, but are projecting a hole in our income this season. If we haven't already saved that by shipping out our top wage earners ( and picking up transfer/loan fees) just call me just call me Hans van der Valk.

 

[CroJack]

Perhaps some transfer income has not been included in 'Revenue'. Don't know really, just guessing.

No. Operating costs include players' amortisation for over £50m.

Operating costs = wages + players' amortisation + stadium leasing and maintaining costs + electricity + water + site hosting + pre-season camp + flight and train tickets + subsidising away tickets etc.

What I don't understand is: a) why is this not included in loss (operating costs exceed revenue for more than £50m) and b) how on earth can players' amortisation be so high over the course of one year?

 

[Yankee_Jack]

The Club’s financial statements for the last fiscal year are now available at Companies House.

 

[CroJack]

The Club’s financial statements for the last fiscal year are now available at Companies House.

Not available.

 

[Jackflash]

You could spend the rest of your life picking holes in that. Tailored to show us what they want us to see. Means nothing.

 

[Yankee_Jack]

Not available.

I received my notice email of the filing from Companies House a few hours ago. I will retrieve and post.

 

[CroJack]

I received my notice email of the filing from Companies House a few hours ago. I will retrieve and post.

They say it can take up to five days.

 

[Yankee_Jack]

Five Days

 

[CroJack]

Five Days

 

[Yankee_Jack]

@CroJack ... T was not disputing your statement about 5 days. I had seen on the site previously. It is shit that it takes 5 days to make a document available.

 

[Behindthegoal]

I suppose the docs have to be digitised, does that mean they have to be "typed up" which would create a backlog.

 

[Yankee_Jack]

PDF files are scanned images. The latest document is now available here: https://beta.companieshouse.gov.uk/...U2MGFkaXF6a2N4/document?format=pdf&download=0