[William405]

Overview: http://acmilanfinance.com/financial-statements/2013-2/

Detailed explanations: http://acmilanfinance.com/2014/07/14/the-2...milan-accounts/


So, overall seems like we're operating within the right limits. No losses, this calendar. We actually made an operating profit, even if meager.

It'd be interesting to know if the Casa Milan project factors into these calculations?
The "other expenses, including materials and services" shows expenses of approx 56m. Would be cool to know what factors into that. Anyway, discuss.

[Rossoneri7]

You should notice Operating margins are scary thin, barely turning a profit. That supported by sale/release of high earning players. In the two years prior (2011 & 2010), you have operating losses.

However, Net losses for the four years under study. It is refreshing to know that these losses are lower for the past two years - in 2012/11 loss of 6.8M, aided by sales of Silva and Zlatan - and - in 2013/12 loss of 15.7M, except that was due mostly by finance expense (or in simple terms interest payment for the loan/debt).

This containment of the losses on the operating profit/loss level is what is causing the squeeze in our ability to bring in players. Not being in Europe, even if it was EL, has an impact over the same as well.

In April 2014, our results will be announced. And I trust those will be unfavorable from the revenue side. As Casa Milan will not be monetized by then. Maybe 2015, will we see something pick-up.

But this is just my opinion ofcourse, to each his own (IMG:style_emoticons/default/smile.gif)

This post has been edited by Rossoneri7: Jul 18 2014, 01:29 PM