Official Club Stuff 2019 Financial Results

[*PAF]

Of course we can't lie about the value of our assets. That wasn't my point. What I said was that determining the clubs financial performance based on P&L doesn't really make sense to me. Does depreciation, increases in property value, increasing value of memoribillia, unsold merch etc. directly effect our ability to pay our players and staff or invest in new projects?

As I mentioned before depreciation gives some (very limited) insight into the functional life of our equipment so that's something I guess. Beyond that I can't really see its purpose unless they plan on selling the club!

Yeah nah, that's another yeah nah from me.

It's a good thing to see the whole picture as we could boost our profits by not spending money replacing things we need to replace be it equipment or even buildings.
Depreciation can help keep track of that so that it doesn't come as a surprise years down the track.