Depreciation

Anything Rangers spend 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 call "fixtures and fittings" are written off over 10 years, company car over 4 years. For more substantial asset like the stadium the costs are written off evenly over 75-100 years.

Because these things are written off of such a long period the figures tend to vary very little on a year by year basis, and there is little that can be done to reduce the costs.

The graph below shows that the costs are around £3.5m per year.

The depreciation figure of course comes from the total assets of Rangers. The graph below shows the figures for the total of these assets. The big leap in 2003 came from a revaluation of Ibrox.