Comments on: TIML Financial Results by Adrian Robinson http://onegoldensquare.com/2009/11/timl-financial-results/ Blog to discuss the creation of a new radio brand Fri, 10 Feb 2012 00:23:50 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Marty from new yawk http://onegoldensquare.com/2009/11/timl-financial-results/comment-page-1/#comment-3111 Marty from new yawk Thu, 19 Nov 2009 16:56:17 +0000 http://onegoldensquare.com/?p=2197#comment-3111 Thanks so much for your reply. Very gracious of you to take the time. Thanks so much for your reply. Very gracious of you to take the time.

]]> By: Adrian http://onegoldensquare.com/2009/11/timl-financial-results/comment-page-1/#comment-3110 Adrian Thu, 19 Nov 2009 14:59:08 +0000 http://onegoldensquare.com/?p=2197#comment-3110 Marty. Thanks for your questions! Here are the answers: 1. The dividends were all paid pre the acquisition of the station on 30 June so yes, they relate to the predecessor group, SMG plc. No dividends were paid in the period 1 July to 31 December 2008 (under TIML ownership). 2. Just a different way of going about things really. Last year the audits were all co-ordinated and paid for by the then ultimate parent SMG plc (which itself is a substantial entity). This year, under the new group/ownership structure this is the main operating company in the UK so it bears its own cost directly. 3. The directors' fees all relate to the pre-acquisition period and so represent payments made to the directors who held office up to 30 June 2008. From 1 July 2008, under TIML ownership, none of the directors received any remuneration in respect of their services as directors of the company. I hope that's clear but, if not, don't hesitate to let me know. Adrian Marty. Thanks for your questions! Here are the answers:

1. The dividends were all paid pre the acquisition of the station on 30 June so yes, they relate to the predecessor group, SMG plc. No dividends were paid in the period 1 July to 31 December 2008 (under TIML ownership).
2. Just a different way of going about things really. Last year the audits were all co-ordinated and paid for by the then ultimate parent SMG plc (which itself is a substantial entity). This year, under the new group/ownership structure this is the main operating company in the UK so it bears its own cost directly.
3. The directors’ fees all relate to the pre-acquisition period and so represent payments made to the directors who held office up to 30 June 2008. From 1 July 2008, under TIML ownership, none of the directors received any remuneration in respect of their services as directors of the company.

I hope that’s clear but, if not, don’t hesitate to let me know.

Adrian

]]> By: Marty from new yawk http://onegoldensquare.com/2009/11/timl-financial-results/comment-page-1/#comment-3109 Marty from new yawk Thu, 19 Nov 2009 13:56:45 +0000 http://onegoldensquare.com/?p=2197#comment-3109 I have a few questions: 1, Dividends of 468,000 quid were paid this year to a parent company during a loss year. Can I assume it was paid to the predecessor parent company? 2. The monies paid to the auditors were a total of 36,000 quid (28,000 for audit services and 8,000 for other). Why was this expense not absorbed by the parent company as in prior years? 3. The Directors were paid a total of 144,000 quid in 2008. There is nothing in this report which discloses compensation policies for directors (it may not be required). The amount just seems high considering the company is simply a subsidiary of a parent group of companies. If you are going to put these statements out here, Adrian, I hope you'll be good enough to respond to queries. Thank you. I have a few questions:
1, Dividends of 468,000 quid were paid this year to a parent company during a loss year. Can I assume it was paid to the predecessor parent company?
2. The monies paid to the auditors were a total of 36,000 quid (28,000 for audit services and 8,000 for other). Why was this expense not absorbed by the parent company as in prior years?
3. The Directors were paid a total of 144,000 quid in 2008. There is nothing in this report which discloses compensation policies for directors (it may not be required). The amount just seems high considering the company is simply a subsidiary of a parent group of companies.
If you are going to put these statements out here, Adrian, I hope you’ll be good enough to respond to queries. Thank you.

]]> By: corinna soden http://onegoldensquare.com/2009/11/timl-financial-results/comment-page-1/#comment-3108 corinna soden Wed, 18 Nov 2009 03:39:01 +0000 http://onegoldensquare.com/?p=2197#comment-3108 At last - a company's end of year results put in a straightforward and understandable way!! At last – a company’s end of year results put in a straightforward and understandable way!!

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