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Agricultural Matters
hey up...have nfu council finally realised truth about rt?
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<blockquote data-quote="Goweresque" data-source="post: 8979960" data-attributes="member: 818"><p>No it doesn't. Its tangible assets are about £120k, mainly computers and other fixtures and fittings. Intangible assets are about £30k, presumably the value of the RT logos and trademarks.</p><p></p><p>The £5m figure is gross assets (comprising £3.5m cash in the bank, and £1.5m of people who owe them money), its got £3.7m of liabilities to offset against that (people they owe money to within the next year). Hence why the net value of the company is about £1.4m (£5m minus £3.7m plus £120k of assets).</p><p></p><p>Please read the accounts, and if you can't, ask someone who can.</p></blockquote><p></p>
[QUOTE="Goweresque, post: 8979960, member: 818"] No it doesn't. Its tangible assets are about £120k, mainly computers and other fixtures and fittings. Intangible assets are about £30k, presumably the value of the RT logos and trademarks. The £5m figure is gross assets (comprising £3.5m cash in the bank, and £1.5m of people who owe them money), its got £3.7m of liabilities to offset against that (people they owe money to within the next year). Hence why the net value of the company is about £1.4m (£5m minus £3.7m plus £120k of assets). Please read the accounts, and if you can't, ask someone who can. [/QUOTE]
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hey up...have nfu council finally realised truth about rt?
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