Home Mobile Forum News Cookbook FaceBook Us T-Shirts etc.: Europe/Worldwide. eBay Motorsport Links Advertising Live Chat  
Site Partners: SpotterGuides MotorsportAds  
Related Sites: Your Link Here  

Go Back   TenTenths Motorsport Forum > Saloon & Sportscar Racing > Australasian Touring Cars.


Reply
 
Thread Tools Display Modes
Old 5 Jul 2017, 09:23 (Ref:3749049)   #16
ForumNick
Veteran
 
Join Date: Jul 2009
Australia
Posts: 907
ForumNick should be qualifying in the top 10 on the grid

Quote:
Originally Posted by GeoffR View Post
Not every institution reports on a July-June financial year. Independent schools for example commonly report on a January-December financial year, as it fits with the school year. The same would apply to CAMS I would think, as it would fit with the competition year. I would suggest that the report is for a full 12 months, not just 6.

Suggest you read post #12
ForumNick is offline  
Quote
Old 5 Jul 2017, 09:23 (Ref:3749050)   #17
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 14,513
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by Mixer View Post
A financial report would _normally_ be for a financial year, but this is CAMS Annual report, for 2016 Calendar year.
as per the constitution

Quote:
Financial Year means the year ending 31 December in each year
peckstar is online now  
__________________
Scott and Chaz 1-2 in 2017

well that's my hope
Quote
Old 5 Jul 2017, 09:33 (Ref:3749053)   #18
GeoffR
Rookie
 
Join Date: Nov 2007
Posts: 44
GeoffR should be qualifying in the top 10 on the grid
Quote:
Originally Posted by ForumNick View Post
Suggest you read post #12
You mean the one that is incorrect??
GeoffR is offline  
Quote
Old 5 Jul 2017, 09:43 (Ref:3749055)   #19
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 14,513
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by GeoffR View Post
You mean the one that is incorrect??
its totally correct

if you think its incorrect then you are taking it out of context and interpreting as something that was not part of the discussion

The annual report/financial report covers the period 1 Jan to 31 Dec 2016

Scrut asked on 3 July about the last 12 months which i interpreted as 1 July 2016 to 30 June 2017 (maybe i interpreted it wrong but that how i interpreted it. Scrut seemed to have no issues with the response)

Thus only 6 months of the last 12 months 1 July 2016 to 31 Dec 2016 are in the annual report. The other 6 months 1 Jan to 30 June 2017 occur in the current year and are not in the report

Is it spelt out clear enough now for those that are not even part of the conversation but merely seem to be trying to correct something.
peckstar is online now  
__________________
Scott and Chaz 1-2 in 2017

well that's my hope
Quote
Old 5 Jul 2017, 09:44 (Ref:3749056)   #20
Terry S
Racer
 
Join Date: Feb 2014
Posts: 245
Terry S should be qualifying in the top 10 on the grid
Quote:
Originally Posted by Mixer View Post
A financial report would _normally_ be for a financial year, but this is CAMS Annual report, for 2016 Calendar year.
Financial year ends vary all over the place.

Three of the big banks (ANZ, NAB and Westpac) have 30 September year end, department store Myer has 30 July. SUbsidiaries of Japanese companies have 31 March.

Just a couple of examples.
Terry S is offline  
Quote
Old 5 Jul 2017, 10:03 (Ref:3749062)   #21
GeoffR
Rookie
 
Join Date: Nov 2007
Posts: 44
GeoffR should be qualifying in the top 10 on the grid
Quote:
Originally Posted by peckstar View Post
its totally correct

if you think its incorrect then you are taking it out of context and interpreting as something that was not part of the discussion

The annual report/financial report covers the period 1 Jan to 31 Dec 2016

Scrut asked on 3 July about the last 12 months which i interpreted as 1 July 2016 to 30 June 2017 (maybe i interpreted it wrong but that how i interpreted it. Scrut seemed to have no issues with the response)

Thus only 6 months of the last 12 months 1 July 2016 to 31 Dec 2016 are in the annual report. The other 6 months 1 Jan to 30 June 2017 occur in the current year and are not in the report

Is it spelt out clear enough now for those that are not even part of the conversation but merely seem to be trying to correct something.
Large corporations and institutions may routinely publish mid year (6 month) performance reports, but the only ever publish ONE annual (full financial year) report each year. I struggle to understand why some people would think the CAMS financial year would be July-June when their competition year is January-December. Revenue and expenditure would not match with the actual year result if there was a mis-match in dates. The report is titled ANNUAL (ie 1 year) report, not 6 months of the actual annual report!
GeoffR is offline  
Quote
Old 5 Jul 2017, 10:19 (Ref:3749073)   #22
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 14,513
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by GeoffR View Post
Large corporations and institutions may routinely publish mid year (6 month) performance reports, but the only ever publish ONE annual (full financial year) report each year. I struggle to understand why some people would think the CAMS financial year would be July-June when their competition year is January-December. Revenue and expenditure would not match with the actual year result if there was a mis-match in dates. The report is titled ANNUAL (ie 1 year) report, not 6 months of the actual annual report!
correct, not sure your point really.
peckstar is online now  
__________________
Scott and Chaz 1-2 in 2017

well that's my hope
Quote
Old 5 Jul 2017, 10:26 (Ref:3749076)   #23
GeoffR
Rookie
 
Join Date: Nov 2007
Posts: 44
GeoffR should be qualifying in the top 10 on the grid
Quote:
Originally Posted by peckstar View Post
correct, not sure your point really.
Just that it is a 12 month/full financial year report, not just 6 months of 12 months.
GeoffR is offline  
Quote
Old 5 Jul 2017, 10:36 (Ref:3749077)   #24
peckstar
Veteran
 
Join Date: May 2004
Cayman Islands
Posts: 14,513
peckstar has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by GeoffR View Post
Just that it is a 12 month/full financial year report, not just 6 months of 12 months.
yes, as per the report

dude i really have no idea where toy are going, so i will leave this for now
peckstar is online now  
__________________
Scott and Chaz 1-2 in 2017

well that's my hope
Quote
Old 5 Jul 2017, 11:10 (Ref:3749085)   #25
Woolley
Race Official
Veteran
 
Woolley's Avatar
 
Join Date: Jun 2002
England
Wolverhampton, England
Posts: 12,044
Woolley will be entering the Motorsport Hall of FameWoolley will be entering the Motorsport Hall of FameWoolley will be entering the Motorsport Hall of FameWoolley will be entering the Motorsport Hall of FameWoolley will be entering the Motorsport Hall of FameWoolley will be entering the Motorsport Hall of FameWoolley will be entering the Motorsport Hall of FameWoolley will be entering the Motorsport Hall of FameWoolley will be entering the Motorsport Hall of Fame
Oh. My. Goodness.

A whole page of navel gazing over a report which is clearly dated as to which bit of which years it covers...

Come on, guys, you can do better than that. Dullest discussion ever. Just talk about the sport for goodness sake.
Woolley is offline  
__________________
Bill Bryson: It is no longer permitted to be stupid and slow. You must choose one or the other.
Quote
Reply

Bookmarks




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
7.30 Report tonight Tarmac Rally report inpitlane Australasian Touring Cars. 10 28 Aug 2008 00:29
Australian GP financial report. Super Tourer Formula One 6 4 Nov 2004 09:20
CAMS Stewards Report From Oran Park RaceTime Australasian Touring Cars. 1 2 Aug 2002 01:49
Skea Racing having financial troubles? KC Sportscar & GT Racing 3 13 Dec 2000 18:18
Financial problems ahead for Ferrari?? Sharky Formula One 13 22 Jul 2000 12:23


Powered by vBadvanced CMPS v3.2.3

All times are GMT. The time now is 12:42.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Original Website Copyright © 1998-2003 Craig Antil. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2004-2016 Royalridge Computing. All Rights Reserved.