Morrisons employee Bonus

System

Deleted_User wrote: »

The profit share bonus scheme is a share of a percentage of the profits from the last financial year (February to January). What you're saying is they could spend all the money first and not make a profit at all.

Do you not know how profit is worked out? You seem to think that there is no relation to a business costs and a business profits.

It's very strange!

somethingcorporate

Capital costs like stores and building new websites will not hit the books all at once, they are depreciated over their lives. It's an accounting principle that stops huge one-off capital costs from causing huge swings in profits and recognises the useful life of that capital asset.

It will have some impact on the in-year finance performance but nowhere near the full cost.

[Deleted User]

goater78 wrote: »

Do you not know how profit is worked out? You seem to think that there is no relation to a business costs and a business profits.

It's very strange!

Morrisons profit to year end Jan 2013 was £879m before tax from a turnover of £18.1bn.

System

Deleted_User wrote: »

Morrisons profit to year end Jan 2013 was £879m before tax from a turnover of £18.1bn.

Yep but that's just morrisons profits for the last year.

That still doesn't prove your assertion that spending is not linked to profit.

If you could explain that statement then we could all move on

[Deleted User]

I suppose you also think no one got profit share this year either as all the media published that Morrisons made a loss.