New Posts For Thread: Anyone any good at reading balance sheets?https://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheetsI just want to know what this company is worth. I make it £100m but that seems high. Cheers.https://www.cats.org.uk/media/2532/annual-report-accounts-2018.pdfWhat its worth?Depends how much you like Pussay!https://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558139639#558139639What its worth?Depends how much you like Pussay!Tue, 15 Oct 2019 05:04:35 -0500I've recently got involved with two local charities and their reserves are nowhere near the value of Cats Protection. One is £13m and the other £800k.For your purposes, the £100M is sufficient to get a feel for the scale of Cats Protection.Intereshttps://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558139625#558139625I've recently got involved with two local charities and their reserves are nowhere near the value of Cats Protection. One is £13m and the other £800k.For your purposes, the £100M is sufficient to get a feel for the scale of Cats Protection.InteresTue, 15 Oct 2019 04:58:08 -0500quick precis. The fackin foreigners in Bradford have no idea how to look after cats, and we are overrun with strays and helpless kittens due to them not getting neutered and spayed,and despite the best efforts of a good few cat lovers. Cat's Protectihttps://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558139019#558139019quick precis. The fackin foreigners in Bradford have no idea how to look after cats, and we are overrun with strays and helpless kittens due to them not getting neutered and spayed,and despite the best efforts of a good few cat lovers. Cat's ProtectiMon, 14 Oct 2019 18:15:17 -0500Thanks for all that work, Angoose. Yes, I'll be back tonight to explain. Just a bit tied up atmhttps://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558135717#558135717Thanks for all that work, Angoose. Yes, I'll be back tonight to explain. Just a bit tied up atmMon, 14 Oct 2019 10:39:32 -0500The 'value' of the organisation may be a bit of a red herring. The question really is whether they are making the best use of their income and assets.I don't think it matters too much whether their L & Bs are worth £30m, £40m or £100m unless theyhttps://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558135707#558135707The 'value' of the organisation may be a bit of a red herring. The question really is whether they are making the best use of their income and assets.I don't think it matters too much whether their L & Bs are worth £30m, £40m or £100m unless theyMon, 14 Oct 2019 10:38:06 -0500You will not be surprised to learn that there are several methods by which valuations are placed on companies.From the information available, the only valuation that can be arrived at is the book value which, as already noted, is £100M.The fixed asshttps://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558135613#558135613You will not be surprised to learn that there are several methods by which valuations are placed on companies.From the information available, the only valuation that can be arrived at is the book value which, as already noted, is £100M.The fixed assMon, 14 Oct 2019 10:24:23 -0500Of course they may be worth more than the net book value ;that's my point. I've not read through the accounts carefully ,but can't readily see any reference to market value.https://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558135591#558135591Of course they may be worth more than the net book value ;that's my point. I've not read through the accounts carefully ,but can't readily see any reference to market value.Mon, 14 Oct 2019 10:21:49 -0500I'm an accountant based in Sloughhttps://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558135581#558135581I'm an accountant based in SloughMon, 14 Oct 2019 10:21:04 -0500...on that basis, TFAs may be worth more than £40m but as stated earlier, they may be fundamental to operations unless they have bigger or fancier offices than necessary.https://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558135397#558135397...on that basis, TFAs may be worth more than £40m but as stated earlier, they may be fundamental to operations unless they have bigger or fancier offices than necessary.Mon, 14 Oct 2019 09:41:19 -0500Actually, they state that freehold land and buildings are stated at cost less depreciation.https://community.betfair.com/chit_chat/go/thread/view/94038/31589763/anyone-any-good-at-reading-balance-sheets?post_id=558135361#558135361Actually, they state that freehold land and buildings are stated at cost less depreciation.Mon, 14 Oct 2019 09:36:02 -0500