huiii said:
kowenicki said:
huiii said:
neerdowell said:
Okay, so I'm too lazy and too short on time to go looking up the details, but isn't the revenue from Sony selling buildings $2 billion, which would make the actual profit from them significantly less. Which would also mean the $1.5 billion dollar loss is way off as well? |
If 2 billion is the amount they got payed for the buildings then yes. Only the diference betwen what they sold them for and how much value they had in the books (profit) has any effect on the earnings.
I don't know which of those the 2 billion figure represents and i'm also to lazy to look it up.
Edit: ok i just realized i wrote the same thing as you....
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Profit was about 1bn for the building I think... plus .5bn for other assets sold.
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Thanks, couldn't be bothered to look it up.
Honestly i still cant wrap my head around why they're doing the whole asset selling thing. If they wanted to pretty up their results couldn't they just have reevaluated them? Probably not to this extent but still and it would have been easier to cover up.
It's not like it's gonna give them anything if they post an artificeal profit... especially if the whole world knows it's artificial.
The only reason i can come up with is chash flow problems and if that's the case then it's really bad news... then again 2-3 billions of freed up assets would bit extreme for that...
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Re-evaluating assets won't affect profit.
I think honestly it was the right thing to do to sell up and rent out. They need to muster up a bit of confidence again after so many losses. Next 2 years are critical imo.
