Can anyone shed any light on this for me please:
When reading company reports if a figure is in brackets it usually means a negaive figure i.e. a loss.
So for pre tax profits:
1000 = 1000 profit
(1000) = 1000 loss
BUT
When we are talking about debt/borrowings if the figure is in brackets does this mean it is a net cash position?
So if the report reads .........
Borrowings - (1000)
Does this mean 1000 of borrowings or is it 1000 cash due to the brackets?
Many thanks
P.S. If someone could clarify to me which is the correct net debt/cash figure from the SSP annual report released today I would be very grateful.
When reading company reports if a figure is in brackets it usually means a negaive figure i.e. a loss.
So for pre tax profits:
1000 = 1000 profit
(1000) = 1000 loss
BUT
When we are talking about debt/borrowings if the figure is in brackets does this mean it is a net cash position?
So if the report reads .........
Borrowings - (1000)
Does this mean 1000 of borrowings or is it 1000 cash due to the brackets?
Many thanks
P.S. If someone could clarify to me which is the correct net debt/cash figure from the SSP annual report released today I would be very grateful.