Fund Accounts - Help explain this.
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Re: Fund Accounts - Help explain this.
http://jillhavern.forumotion.net/t4172-fund-accounts-2011
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Re: Fund Accounts - Help explain this.
| Year Comparison | 2008 | 2009 | Increase/(Decrease) |
| 1. Total Assets | 1,115,000 | 740,000 | (375,000) |
| 2. Cash | 572,000 | 720,000 | 148,000 |
| 'Other' Assets (1 minus 2) | 543,000 | 20,000 | (523,000) |
Hi,
Overall total assets decreased by £375K, however cash increased by £148K. Therefore the value of Non Cash (Other) Assets fell by £523K. This is why ,overall, the net worth of the company fell.
Without detailed figures I would suggest the 'Other Assets' in 2008 (£543K) included an expected cash receipt provided for but not maturing until 2009, that's why in 2009 cash went up and 'other' assets went down once the provision had indeed matured into cash.
Now if the £500K receipt recognised in 2008 came in during 2009, but cash was only up by £148K at the end of the year then it would suggest that heavy 'in year' spending during 2009 kinda gobbled it all up.
Hope that makes sense
Kepharel- Posts: 3
Join date: 2012-01-29
Re: Fund Accounts - Help explain this.
Kepharel wrote:
Year Comparison 2008 2009 Increase/(Decrease) 1. Total Assets 1,115,000 740,000 (375,000) 2. Cash 572,000 720,000 148,000 'Other' Assets (1 minus 2) 543,000 20,000 (523,000)
Hi,
Overall total assets decreased by £375K, however cash increased by £148K. Therefore the value of Non Cash (Other) Assets fell by £523K. This is why ,overall, the net worth of the company fell.
Without detailed figures I would suggest the 'Other Assets' in 2008 (£543K) included an expected cash receipt provided for but not maturing until 2009, that's why in 2009 cash went up and 'other' assets went down once the provision had indeed matured into cash.
Now if the £500K receipt recognised in 2008 came in during 2009, but cash was only up by £148K at the end of the year then it would suggest that heavy 'in year' spending during 2009 kinda gobbled it all up.
Hope that makes sense
It is all very strange but I doubt we will ever get the information. One thing is for sure they are not giving it to the poor!!
They should run out of money in the next couple of months but I doubt they will. They will find some millionaire to prop up there quest.
The public see what they want to see, they are Doctors so they must be 'wonderful' people. People will continue to give them money.
Pershing36- Posts: 236
Join date: 2011-12-03
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