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Old 6th Nov 2008, 10:20
  #770 (permalink)  
rm2242
 
Join Date: Mar 2005
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QUOTE: Much of this balance sheet strengthening came as intangible assets almost trebled from £34.6m to £95.6m

jhangiani - taking liabilities off this value does not leave you with any cash - they are intangible! Probably came from all the goodwill from the Leisure groups acquisitions. An unless they can sell on any of these divisions with the brand in tact (unlikely), this amount will likely never be realised!

rm2242
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