Quote Originally Posted by bigjoe View Post
"The accounts show an operating loss for the year of £28.9m (2021 £12.1m) and a loss after tax of £26.6m (2021 £12.0m).

As a consequence of the above losses and other adjusting transactions the balance sheet deficit as at 31 May 2022 rose from £36m as at 31 May 2021 to £56m."

Thanks a lot. Maybe one of the knowledgeable ones could help me please. The difference in operating loss was ~16m (12m after tax). The overall debt went up from 36m to 56m. Is this before or after tax? Where did the other 4/8m loss come from?
As regards the extra undisclosed 9% loan, doesn't it sound like Dalman's significant interest company?
Paying tax on what? A loss!?