- Oct 20, 2003
- 11,415
- 30,054
Net debt takes into account your cash as well so assume the cash will have gone down from last year which makes the net debt figure rise. Think a chunk of our debt is still on Interest only and it's spread out over a long time so much like a person's mortgage statement you won't see a big decline year on year.Can someone explain to me why our net debt is increasing? Are we not paying off our loans?
Someone above also asked why the loss doesn't mean we are in PSR.trouble and it's mainly due to what we can write off for PSR such as depreciation which was c72m, costs for ladies team etc so there is a load of things that can be added back to that loss for PSR purposes which means we are fine.
Our losses in last 3 years are about 230m but c210m of that is depreciation which is just a notional figure so that accounts for pretty much all the loses