CCFC Finances... (1 Viewer)

Skybluesquirrel said:

The £8.8 million is money that appears to have somehow been repaid. It doesn't add up. In one part of the accounts (the cashflow) we can see they have injected £38.5 million in loans since taking over. Yet on the Balance sheet, they are only owed £29.7 million.

So, £8.8 million has been repaid. The ARVO money should be included in the £29.7 million, as they are part of the SISU group of companies. Is it a coincidence? Its definitely strange that its the same amount as reported in the press - The ARVO debenture issued/was taken out after the year end of the accounts we currently have available (it should be in accounts dated 31.05.12).

I have been trying to work out the current cashflow, but events are moving so fast its hard to keep up. Unfortunately, Im not being paid £340 an hour to do this and have to work elsewhere

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wingy said:

That would seem about right £2M invested up to may 2012.
Meaning operating costs of £8M. ......Sounds heavy............Turnover @£5M. ............would have thought that was achievable ,but would expect Bigi's and Keoghs fees on top of that .

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Skybluesquirrel said:

The £8.8 million is money that appears to have somehow been repaid. It doesn't add up. In one part of the accounts (the cashflow) we can see they have injected £38.5 million in loans since taking over. Yet on the Balance sheet, they are only owed £29.7 million.

So, £8.8 million has been repaid. Any ARVO money should be included in the £29.7 million, as they are part of the SISU group of companies. Is it a coincidence? Its definitely strange that its the same amount as reported in the press - The ARVO debenture issued/was taken out after the year end of the accounts we currently have available (it should be in accounts dated 31.05.12).

I have been trying to work out the current cashflow, but events are moving so fast its hard to keep up. Unfortunately, Im not being paid £340 an hour to do this and have to work elsewhere

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oldskyblue58 said:

wouldnt we all ......... but is that for the non trading property subsidiary or for the football operation and does that include the commercial arm of the group or not?:thinking about:

until the accounts are published then we wont know......

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Skybluesquirrel said:

Not sure what you mean. These are all historic figures. No predictions anywhere.

Nowhere have I suggested I can sort out the world economy, nor even CCFC's.

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