I think the article was very misleading and not alot of people understand Financial Statements.
Trading profit is actually up, but they have to account for unrecognised forex losses which is just an accounting thing on paper.
They are still a damn profitable company making over R6 billion in...
If you understand AFS then you would know that they are capitalising the cost of content on balance sheet and not expensing through income statement. They amortised this over time.
But the main thing is that they are borrowing a ton of cash and burning through it for content and growth. This...
They make huge losses and burning through cash at an alarming rate.
https://www.google.com/amp/s/www.cnbc.com/amp/2018/10/22/netflix-fuels-its-ballooning-cash-burn-with-2-billion-in-new-debt.html
Gross Profit is not net profit. They are making huge losses and burning through cash at a faster pace every year.
https://www.google.com/amp/s/www.cnbc.com/amp/2018/10/22/netflix-fuels-its-ballooning-cash-burn-with-2-billion-in-new-debt.html
I think we need to understand that Netflix is currently making huge losses and selling services at a loss. The business model for streaming services has not been proven as yet. They might need to change things to actually make money in the future. Similar to what Facebook had to do. It is seen...
Item name (be very descriptive): HONDA PCX125 SCCOTER
Age and condition: 2012 with 11,000km in good condition with a few scratches
Do you include packaging: No
Warranty: No
Reason for selling: Relocating
Price: 15,000
Negotiable: Yes
Location: Centurion
Shipping or collection: Delivery...
Guys
I was wondering if anyone can help me with a problem. I have an old Pastel Partner 2009 file that I need to open to print out the ledger. I do not have a licence anymore because I do not use it anymore, I need to open it once and just resolve a query and then don't need it again. I...
Hi Guys
Just thought I would share my excel sheet I use for tracking electricity usgae.
https://mega.co.nz/#!PkNmzKiA!-zm2-dK6vm6h_jIw4K40Rp6FeBfVAyXkn9etJ6eruhI
I think you can expect that from most Brands currently. Incremental changes. No shooting the lights out. But lets see what happens with the 2nd product they plan to release.
Could it be apple shoes, something like google glass? Who knows? I think it might be something linked with Beats but pure...
I am an Android Fanboy but interested in what Apple is going to release. If they crack the smart watch I would be interested but I will not be able to change to iphone to use it. Moto360 battery life is a let down.