Joined: Jul 15 2005 Posts: 29811 Location: West Yorkshire
R.B.A wrote:Could it be that Rovers payed up front for various projects/developments which then had to be shown as a loss on the balance sheet until the grants etc were paid to Rovers retrospectively. Does that make sence, i'm not a chartered accountant like yourself.
Grant accounting is quite complicated and depends on whether the expenditure is capital or revenue. If you are suggesting Rovers have paid up front for fixed assets which they will get the money back for, the accounting entries would be: Asset value added to fixed assets, liabilities increased as borrowings go up to finance it until the grant is received. Then the year end balance sheet adjustment for the grant income due would be to debtors (income receivable) with the credit going either to deferred income (liabilities) or fixed assets to adjust the carrying value. So, in summary, no impact on net liabilities.
Joined: Jan 15 2007 Posts: 11924 Location: Secret Hill Top Lair. V.2
Mrs Barista wrote:Grant accounting is quite complicated and depends on whether the expenditure is capital or revenue. If you are suggesting Rovers have paid up front for fixed assets which they will get the money back for, the accounting entries would be: Asset value added to fixed assets, liabilities increased as borrowings go up to finance it until the grant is received. Then the year end balance sheet adjustment for the grant income due would be to debtors (income receivable) with the credit going either to deferred income (liabilities) or fixed assets to adjust the carrying value. So, in summary, no impact on net liabilities.
Early contender for "Crystal Mark Post of the Year 2010" here Mrs. B, think you maybe should have kept your powder dry though.
If there is no struggle, there is no progress. Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightning. They want the ocean without the awful roar of its many waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it must be a struggle.
Joined: Mar 05 2007 Posts: 13190 Location: Hedon (sometimes), sometimes Premier Inn's
Mrs Barista wrote:Grant accounting is quite complicated and depends on whether the expenditure is capital or revenue. If you are suggesting Rovers have paid up front for fixed assets which they will get the money back for, the accounting entries would be: Asset value added to fixed assets, liabilities increased as borrowings go up to finance it until the grant is received. Then the year end balance sheet adjustment for the grant income due would be to debtors (income receivable) with the credit going either to deferred income (liabilities) or fixed assets to adjust the carrying value. So, in summary, no impact on net liabilities.
What she said
'when my life is over, the thing which will have given me greatest pride is that I was first to plunge into the sea, swimming freely underwater without any connection to the terrestrial world'
rover49 wrote:The last extension was still being built during the season if my memory serves me correct. So long as the public are denied access its ok.
Would Rovers existing capacity suffer during this development?
Joined: May 24 2007 Posts: 7504 Location: East Stand
Mrs Barista wrote:The arrangements must have changed since the NHS PCT report on 26th November when the funding was announced - the NHS funding is retrospective:
"The extension of the East stand at Craven Park will be subject to planning permission and has been factored in to Hull KRs plans for the wider re-development of the ground. Building work will commence on this development in 2009-2010 <ie y/e March 2010> with occupancy by NHS Hull available in 2010-2011, the same year as payment would be made to the club.
With the Hull KR development, payment would be made in 2010 – 2011 after building work was completed, again enabling benefits to be made in the same year.
Oh well, the NHS manager must have lied to me then
Did you get rid of all the voices in your head? Do you now miss them and the things that they said?
roversmad wrote:Oh well, the NHS manager must have lied to me then
Couple of options are possible here: 1. NHS Manager lied to you 2. terms of funding have altered since the end of Nov
With Mr Prescott adding all the pressure he possibly can maybe he managed to secure the funding upfront from the NHS against their usual practices rather than post work as usual? Would Rovers have struggled to get the funding to do the work and claim the money back?
Joined: Jan 15 2007 Posts: 11924 Location: Secret Hill Top Lair. V.2
Big Dave T wrote: With Mr Prescott adding all the pressure he possibly can
Serious question, why would anyone in Hull pay any heed to Prescott any more?
What power does he actually wield?
If there is no struggle, there is no progress. Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightning. They want the ocean without the awful roar of its many waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it must be a struggle.
Joined: Mar 05 2007 Posts: 13190 Location: Hedon (sometimes), sometimes Premier Inn's
pmh wrote:Serious question, why would anyone in Hull pay any heed to Prescott any more?
What power does he actually wield?
Power, probably none, influence, knowing who to ask, where to go for funding etc, a great deal I would imagine. You may not like him, but you dont last in politics at the level he did without having a whole lot going for you.
'when my life is over, the thing which will have given me greatest pride is that I was first to plunge into the sea, swimming freely underwater without any connection to the terrestrial world'
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Early contender for "Crystal Mark Post of the Year 2010" here Mrs. B, think you maybe should have kept your powder dry though. 
