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mmm, yes indeed
……….if you do not mind Charles, I’ll sit this one out and let someone else pull their figures apart etc etc
best
andrew
You have been a little bit naughty here Charles, and only read what you want to read.
The figure in bold is below the line (and it’s a pretty thick line in fairness) and is not “Capital Expenditure in the 52 week period…” as you report, but Capital Expenditure Calendar YTD (calendar year-to-date) – which it does make very clear if you don’t just take a couple of columns out of the whole page.
The 1.4M is only 1/4 of a year, not a full year. A quick check on Companies House website shows their financial year ends in December, so a figure of this amount would seem totally reasonable given that it represents the first quarter of their year.
Their capital expenditure in the fourth quarter (October to December) will naturally be higher so that they make use of tax reliefs once they have a good idea of their profit margins for their financial year.
12.4M is a 52-week figure, so includes a year-end expenditure.
That makes good business sense to me.
Andrew, thank you. I wasn’t being naughty, honest, merely curious. I am innumerate, so have no means of picking the bones out of a balance sheet. Your clarification is a welcome shaft of light that lightens the darkness.