Anything the club spends money on becomes an asset of the club. The payment for these assets may happen the day they are bought, or may be spread across the life of a loan, or a mortgage.
The club's accounts show the amount written off each year over the expected useful life an asset. So what the club "fixtures and fittings" are written off over 5 to 10 years. So a car costing say £20,000 would be written off over 4 years and would hit the books for £5000 per year. As the club does not own its ground the fixed assets, which attract depreciation, are far smaller than other SPL clubs. (Kilmarnock own a hotel and have fixed assets of £17m, and correspondingly high depreciation of around £600,000 per year which is killing them)
The figures are tiny compared to all the other clubs in the SPL.
With the club now owning Westfield the assets owned have leapt from £338,000 to over £2.5m. This means that next year the depreciation figure will also leap, possibly to over £100,000. This will likely make the chances of making a profit reduced.
