Originally Posted by
serko
asdf1234 off course you can. stobart can set the rent how they like and decide where in their books they want the figures to fall. The airport paid rent to Stobart of £739,000. If they didn't have to pay this then they would have made a profit off nearly £100,000.
Now although according to the accounts the airport made a loss of £640,000 the total profit of the airport to the owners (Stobart) is about £100,000
If you compare this to last year when they accounted a loss of £979,000 and they only paid rent to Stobart of £21,000 they made a net loss to Stobart of around £950,000.
So last year the airport cost Stobart nearly £1 million pounds in losses this year it has given them a profit of around £100,000. That's a pretty good turnaround in my books.
Serko, I know you believe in what you just wrote! Haha. That makes it even funnier. Well done.