Viking Supporters Co-operative

Viking Chat => Viking Chat => Topic started by: Roversfan1 on June 21, 2019, 12:38:53 pm

Title: Finances
Post by: Roversfan1 on June 21, 2019, 12:38:53 pm

I won't pretend to be an expert in finance, but I do like looking through the numbers on companies house of various companies for a nosey.

With drfc I can see a section with retained earnings of over £31million? Quick google describes this as money left over after expenses, taxes etc...

Does this mean it could be invested?

I'm a noob

Title: Re: Finances
Post by: big fat yorkshire pudding on June 21, 2019, 12:43:46 pm

Bit simplistic but it's basically your net profit (with more complications).

Title: Re: Finances
Post by: Roversfan1 on June 21, 2019, 12:51:56 pm

Fair enough, like you said I'm sure it's not that simple, but in my mind that's money sat there waiting to be invested....wishful thinking.

Title: Re: Finances
Post by: big fat yorkshire pudding on June 21, 2019, 01:01:36 pm

It's not unfortunately.