Annual report released - record turnover of £535.2m for 2018/19

Discussion in 'Bluemoon forum' started by razman, 19 Nov 2019.

  1. razman

    razman

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  2. TheRemainsOfTheDave

    TheRemainsOfTheDave

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    The overseas TV rights are split differently from this season onwards. Last season the £3.1 billion deal over 3 years would have meant £51M split equally for each club but the total amount has risen to £4.2 billion over 3 years and will now be split based on finishing position. The mid-point position will mean ~£70M so am guessing it will range from ~£50M to ~£90M as I've read the factor from top to bottom is 1.8. That's close to a £40M uplift just there, if I've got my facts right.
     
  3. City Raider

    City Raider

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    Commercial income drop is a surprise? Thought we were expecting an increase.
     
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  4. balotellishaircut

    balotellishaircut

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    If we're such a small club why are these jealous pricks reading and tweeting about City, they must lead really sad hateful lives.
     
  5. sky_blue

    sky_blue

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    Difference in how it was being calculated. Using last year's parameters, it has increased 2.8%. The following section explains the cause for the change -

    The Company has applied IFRS 15 using the cumulative effect method. Therefore the comparative information above has not been restated and continues to be reported under IAS 18 and IAS 11.
    Manchester City previously recognised gross revenue and cost of sales for the catering contract with Fabulous Fan Fayre Limited, who provide customers with refreshments on a matchday at the Etihad Stadium, as Manchester City was acting as the principal in this arrangement. Following an assessment under IFRS 15 and a revised contract with Fabulous Fan Fayre Limited the net revenue generated from the contract should be recognised as royalty income as Manchester City is acting as the agent. This conclusion has been reached due to the supplier being primarily responsible for fulfilling the promise to the customer and the inventory risk falling on them before the transfer to the customer. There is no impact on the balance sheet as a result of this adjustment.
     
  6. Stoned Rose

    Stoned Rose

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    Salty candles.
     
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  7. SWP's back

    SWP's back

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    I don’t think it’s that. I think he’s making the point that we are so far past that period in our evolution and 5 years of profits mean we don’t even need to discuss it any more.
     
  8. sky_blue

    sky_blue

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    This section from the report -

    The directors welcome the opening of a formal UEFA investigation as an opportunity to bring to an end speculation resulting from illegal hacking & out of context publication of club emails. The directors are confident of a positive outcome.

    I guess now we know why the report was delayed. Club was probably waiting for AC to conclude the investigation.
     
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  9. manimanc

    manimanc

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    Can't wait to see how the jealous twats in the media report this.
    The sound of piss boiling from the usual suspects will be beautiful, I mean that's if they don't totally bury their heads in the sand.
     
  10. That sponsorship is for the City group of clubs so that might have something to do with it.
     

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