Gersnet Review of Rangers' Accounts 2019
via GersNet |
What is the loss?
The loss of £11.3m has been heavily publicised but the extent of the loss is misleading due to relatively new accounting rules, which make it harder to understand the accounts. Included in interest payable are net amounts of £2.6m of notional interest which is only there for accounting purposes and will never actually be paid and can therefore be ignored. I would therefore argue that the actual
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