Originally Posted by
orielabu
The Prisoner …. “Fixed assets at cost €3,426,306. Assumption - this relates almost entirely to the building behind the shed? “
Wouldn’t be too sure about that. Capital spend undertaken by Gerry Matthews, other than the pitch and the YDC, has been estimated at circa €1 million. It isn’t clear what element, if any, of this capital spend was capitalised in the accounts.
Allowing say €1.5 million (Pitch €.5 million and Others €1 million) would leave about €2 million (nett of grants) for the YDC.
Note: The €1 million Others would add to the sum owed to Gerry Matthews, depending of course on how this expenditure was handled in the accounts.
All a bit of an enigma.