Any thoughts on the release of the club's accounts for 2015/16 earlier today?
"Turnover of the club in this period was £19.0 million (£20.2 million in 2015) as the business recorded an operating loss of £424,000 (£479,000 profit in the previous year)."
A £1.2m drop in turnover and a subsequent operating loss of £424,000, down from a £479,00 profit in 2014/15. But ticket sales are up....
"Ticket numbers and revenue (£5.9 million, from £5.8 million in 2015) were up on the previous year with more than 320,000 tickets sold for fixtures at Welford Road in the 2015/16 season, producing an average attendance in league and cup of almost 21,500."
It's to be hoped that this is a short term loss and not a regular occurrance as at some other clubs that are mere playthings for the sugar daddies.
Tigers Accounts - 2015/16
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Tigers Accounts - 2015/16
Wirral Exile
Same birthplace as Oz, but not quite as lippy!
Same birthplace as Oz, but not quite as lippy!
Re: Tigers Accounts - 2015/16
It was expected and forecasted in the world cup year given the disappointment of not hosting any matches...
Less is more....
Re: Tigers Accounts - 2015/16
In What year is the new stand accounted for?
Re: Tigers Accounts - 2015/16
Fixed assets have gone up over 2015/16 by around £18 million, I think that's principally a £10m revaluation plus £8m for the new stand. The cost of the stand will go through the p&l over a number of years through depreciation.Snorbins wrote:In What year is the new stand accounted for?
'Land is not depreciated. Depreciation on other assets is calculated, using the straight-line method, to allocate the depreciable amount to their residual values over their estimated useful lives, as follows:
Welford Road - freehold buildings - over periods up to 80 years
Oval Park - freehold buildings and short leasehold property - 10 to 50 years
Fixtures and fittings - 3 to 10 years'
http://www.leicestertigers.com/images/c ... or_web.pdf
I am neither clever enough to understand nor stupid enough to play this game