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Old 4th Apr 2023, 08:25
  #2364 (permalink)  
Asturias56
 
Join Date: Oct 2018
Location: Ferrara
Posts: 8,470
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Ahh - Virgin accounting - many years ago the Economist published an investigation into that subject.

Sir Richard's Empire has a multitude of brands across a vast number of industries and even more companies and countries. They all do a great deal of inter-company business. At the time it was remarked that many of them have different financial year ends.

It seemed to be considered rather opaque and impossible to get a full view of what the situation really was.

A masterpiece of financial engineering.
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