Digital Classics - JIT out !

As its bit quiet I'll post the analysis of the loss that I did pre Christmas - makes things look a lot more optimistic....


3066490 Operating Loss

Less

1470728 Exceptional Items
256493 Asset impairment inc in cost of sales (Page 13 of accts)
453019 Loss on internet broadcasting division now closed (Page 13)
150000 Reduction in deprec charge going forward due to lower asset values ( page 18)

736250 Remaining loss

As you can see there was a sizeable element of kitchen sink stuff - a .7m loss would have been a lot more palatable given the deferrment of MJ income and non sales of Music Suite until Nov