Reds debt rises but 7.53m profit after tax announced

[ULL NEVER WALK ALONE]

http://koptalk.com/detail_subtitle_listing.php?link_id=550&subid=2&sticky=0

The debts have risen??after the year we had!?WHY!?I mean,we didnt make any major signing ,didnt we!?

[Matt Clark]

Net debt. That's total debt minus cash and temporary investments. In other words, we've spent more of our cash flow on operational activities and less on debt management in the last financial year. It doesn't mean the debt has gone up in real terms, it's just that the rate of repayment has slowed temporarily as cash flow was used for other purposes. The new stadium will account for most of that, I should expect.

[liverbird]

The important numbers are a 32% increase in turnover, a 25 million GBP increase in the results of current operations, and a reduction in the wage bill while improving the team. That represents a very sound financial picture.

[Red Bird]

Yes, the drop in wages with an impoved squad is a stand-out detail. I expect that as the contracts of the likes of Cheyrou, Diao and others are run down (without us buying them out) will result in an even more reduced wages bill.

I hope Reebok and other sponsors keep the proverbial eye on the ball-- another debacle such as over the new Euro-shirt is unacceptable, as we push further to increase retail revenue.

[liverbird]

Chairmen's statement accompanying the annual report:

http://www.liverpoolfc.tv/news/drilldown/N151349060203-1117.htm