ricardo 7,239 Posted September 25, 2007 I have just been reading the latestest of accounts which came through the post this morning. The good news is that debt has dropped from £19.2 to £17.6 million.The page that gives profit on player transfers over the previous 5 years was always a useful talking point. No surprise then that this has been dispensed with in this years accounts. After a little digging however I found on page 27 that transfer profit 2006/07 was £2.54 million and that for the previous year it was £6..15 million.Just a little food for thought for those of you who believe all transfer money is automatically spent on new players. Share this post Link to post Share on other sites
canary cherub 1 Posted September 25, 2007 Main pointsGate receipts up slightly (£7.67m from £7.61m) [:)]Overall income down slightly (£23.78m from £24.12m) due to approx £425,000 fall in catering and commercial income [:(]Players wages as a % of turnover down 5% from 36% to 31% [:@]Total wages as a % of turnover down 0.7% from 54% to 53% [:@]Net debt down from £19.2% to £17.7% [:)]Proceeds from player sales £2.5m (Francis sell-on, Green and McKenzie). Cost of new players £1.2m (Croft, Chadwick, Brown and Lappin). Surplus £1.3m. [:@]Pretax profit £627,125 down from £3,064, 814 [:(]Retained profit £6,556,432 (Group), £8,284,924 (Company). [:S] I do not pretend to understand what this means, or the implications of it. [:^)] Is there an accountant in the house? [8-|] Share this post Link to post Share on other sites
ricardo 7,239 Posted September 25, 2007 Also noticed on page 43, Post balance sheet events shows this years player purchases at £2.2 million and this years sales at £5.5 million. Share this post Link to post Share on other sites
shabbadoof13 0 Posted September 25, 2007 http://news.bbc.co.uk/sport1/hi/football/teams/n/norwich/7011985.stmIts all there... Share this post Link to post Share on other sites