annual profits announcement

daveyeff · Post by **daveyeff** » 19 May 2016, 17:45

are these the true figures? we are hearing from RM they are down 33% to 267 million. unite says the true figure is 742 million hence they are asking for a bigger rise. one lad said at work today 'they can't falsify the figures anymore because we are on the stock market now'...yet another said of course they can. they just dress it up to misrepresent the real income, 'creative accountancy' its called. they put out all sorts of bullshine to give a dire view of the true profit. or cooking the books as we know it. any views?

Pidleypoo · Post by **Pidleypoo** » 19 May 2016, 17:54

As I understand it 117m was paid out in evr and about 3500 people left the company. So factor that in and the transformation costs then going forward they should have more room for profit in what is a massive revenue of about 9 billion if I've read it right.

Post by **TrueBlueTerrier** » 19 May 2016, 17:59

There are different figures which meant different things - So in essence both are right, it all depends what you want to use the figures for:

Operating profit before transformation costs £742 million
Operating profit after transformation costs £551 million
Profit before tax £267 million

These 3 figures and many more are available at royal-mail-plc-full-year-results-2015-16

BeamishStout · Post by **BeamishStout** » 19 May 2016, 18:00

Pidleypoo wrote:As I understand it 117m was paid out in evr and about 3500 people left the company.

averages out to be £33,428.50 for each EVR.

BeamishStout · Post by **BeamishStout** » 19 May 2016, 18:02

TrueBlueTerrier wrote: Operating profit after transformation costs £551 million
Profit before tax £267 million

Any idea why these 2 figures are so different? i.e what about the £284 million difference?

buntin · Post by **buntin** » 19 May 2016, 18:07

we,ll probably a bonus even less than last years whopping 62 quid then.

Post by **TrueBlueTerrier** » 19 May 2016, 18:14

Operating Profit = Revenue less the cost of goods sold, labor, and other day-to-day expenses incurred in the normal course of business

Profit before tax is more complicated but it includes depreciation and any amortisation of assets. They are both just accounting entries not reflecting cash – so can be used as an approximation for cash flow by investors.

Definition of amortisation
The practice of reducing the value of assets to reflect their reduced worth over time. The term means the same as depreciation, though in practice amortisation tends to be used for the write-off of intangible assets, such as goodwill, while either term is used for the write-off of fixed capital.

AnotherLimey · Post by **AnotherLimey** » 19 May 2016, 18:15

buntin wrote:we,ll probably a bonus even less than last years whopping 62 quid then.

We are getting £125, was on RM TV today.

Post by **TrueBlueTerrier** » 19 May 2016, 18:23

AnotherLimey wrote:
buntin wrote:we,ll probably a bonus even less than last years whopping 62 quid then.
We are getting £125, was on RM TV today.

Thats not a bonus, that's the Dividend on the shares you hold. 832 shares @ 15.1p = £125.63

(this years dividend are 22.1 of which we got 7p per share £58 for a FT in Jan)

k979aaa · Post by **k979aaa** » 19 May 2016, 18:34

TrueBlueTerrier wrote:
AnotherLimey wrote:
buntin wrote:we,ll probably a bonus even less than last years whopping 62 quid then.
We are getting £125, was on RM TV today.

Thats not a bonus, that's the Dividend on the shares you hold. 832 shares @ 15.1p = £125.63

(this years dividend are 22.1 of which we got 7p per share £58 for a FT in Jan)

What date is this dividend payable TBT please if you know?

Post by **TrueBlueTerrier** » 19 May 2016, 18:36

29 July http://www.royalmailchat.co.uk/communit ... nd#p732635" onclick="window.open(this.href);return false;

pants123 · Post by **pants123** » 19 May 2016, 18:48

Some d i c k head.. on sky news saying its royal mail wage bill.... that is reducimg profit.. and the likes of amazon and other couriers are more efficent and profitable...

Well amazon and other courier services DONT have to deliver a USO TO EVERY SINGLE ADDRESS IN BRITAIN 6 days a week... obviously royal mail needs a massive work force to deliver the USO.. where amazon etc dont..

were does sky news get these idiots from ???

postslippete · Post by **postslippete** » 19 May 2016, 18:50

Its great news that we made a decent profit (operating or otherwise)

Wouldn't surprise me in the slightest that the figures get fiddled. My mate is a top accountant at a big company...however he works in a department where everybody counts!!

Pidleypoo · Post by **Pidleypoo** » 19 May 2016, 19:27

pants123 wrote:Some d i c k head.. on sky news saying its royal mail wage bill.... that is reducimg profit.. and the likes of amazon and other couriers are more efficent and profitable...

Well amazon and other courier services DONT have to deliver a USO TO EVERY SINGLE ADDRESS IN BRITAIN 6 days a week... obviously royal mail needs a massive work force to deliver the USO.. where amazon etc dont..

were does sky news get these idiots from ???

You hear from time to time that we are paid too much,but for me I think we get paid about the right amount.we all know here what the job now involves and it's a lot of work.i feel like I've earned every penny every day with all the pain and stressful stuff we put up with.and don't get me wrong I can put up with it but I do find it insulting that after walking 15 miles a day each week and dealing with the other nonsense in all weathers that I'm paid too much.ok rant over

rubberbond · Post by **rubberbond** » 19 May 2016, 20:08

BeamishStout wrote:
Pidleypoo wrote:As I understand it 117m was paid out in evr and about 3500 people left the company.
averages out to be £33,428.50 for each EVR.

I'd take that,where do I apply/sign?