Posted May 26, 2016 09:33 · last edited May 26, 2016 09:36
it's all about short-termism
they're window dressing their performance by moving money from one part of the balance sheet to another
the fact is they made a small loss, despite making $877k on the u20 world cup
which really means their operations lost close to a million. but hey, let's call it a profit of $989k and pat each other on the back
- they spent $3.2m on personnel (up a whopping $675k)
- and $414k on professional services (up $287k)
it's all about short-termism
they're window dressing their performance by moving money from one part of the balance sheet to another
the fact is they made a small loss, despite making $877k on the u20 world cup
which really means they lost close to a million. but hey, let's call it a profit of $989k and pat each other on the back
- they spent $3.2m on personnel (up a whopping $675k)
- and $414k on professional services (up $287k)