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All from June 2010 Turnover - £56,287,000, last year - £39,704,000 Profit - £4,209,000, last year - -£14,085,000 These are big upturns Interest paid to bank - £1,260,000 Wages and salaries - £23,667,000 Total Assets less Cur. Liabilities - £108,704,000 Now, as you are saying about the overdraft, this comes under current liabilities... Trade Creditors - £2,231,000 Bank Overdrafts - £4,695,000 Short Term Loans - £5,554,000 Long Term Liabilities Long Term Debt - £21,868,000 Other Long Term Loans - £18,000,000 So, the "overdraft" portion of our debt is around £10 million in total. That is not bad, certainly not when you compare everything else. The fact everything else is long term, means, in a sense, that its agreed, much like a mortgage, and, will reduce in time, and, should not affect things at all. Now, here is the REALLY interesting bit. Our solvency ratio. For those who dont know, heres a wee overview... "One of many ratios used to measure a company's ability to meet long-term obligations. The solvency ratio measures the size of a company's after-tax income, excluding non-cash depreciation expenses, as compared to the firm's total debt obligations. It provides a measurement of how likely a company will be to continue meeting its debt obligations Acceptable solvency ratios will vary from industry to industry, but as a general rule of thumb, a solvency ratio of greater than 20% is considered financially healthy. Generally speaking, the lower a company's solvency ratio, the greater the probability that the company will default on its debt obligations." So, over 20 is good? Rangers current ratio is.... 51.93 How about our credit score? By the way, 0 is high risk up to 100, which is pretty much no risk. well... again... Current Qui score? 94 Secure Last years? 91 Secure QuiRating? - 674,850 How about HISTORICAL CREDIT SCORE (reading left to right, going back to 2007) QuiScore 94 91 94 90 Comment Secure Secure Secure Secure QuiRating (GBP) 674,850 757,405 999,999 754,605 We are NOT "crippled by debt", we are NOT skint, we are NOT an organisation that banks would be unwilling to extend credit to, in fact, we are the type of organisation that would get credit facilities regardless. Figures dont lie. There is something going on here which is not being explained! The only people who can, are Murray and the bank! STOP LYING

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