Morrisons Loss?

[jomifl]

I'm trying to make sense of the report on sky news that Morrisons have made a loss of £170 odd millions whilst at the same time making a £700 odd million profit. Is this a strange way of saying that their profits are down from what was expected? or are the news people just confused?

[jno]

some analysis here

http://www.bbc.co.uk/news/business-26558110

[jno]

oh, sorry, that was the same link as Fibonacci's. The actual news story is here

http://www.bbc.co.uk/news/business-26556924

[Gromit]

Peter Pedant

Ocado and Morrisons already have a tie up.

http://www.independent.co.uk/news/business/news/ocado-on-track-for-first-profit-in-wake-of-morrisons-deal-9187019.html

[Baldric]

///I did however mention that the news item was on 'sky news'///

You did, but not in the OP, only after I had asked!

[jomifl]

Can you see it here?

I'm trying to make sense of the report on sky news that Morrisons have made a loss of £170 odd millions whilst at the same time making a £700 odd million profit. Is this a strange way of saying that their profits are down from what was expected? or are the news people just confused?

I'm trying to make sense of the report on sky news that Morrisons have made a loss of £170 odd millions whilst at the same time making a £700 odd million profit. Is this a strange way of saying that their profits are down from what was expected? or are the news people just confused?

[Old_Geezer]

If I understand it correctly they are saying that if you do not count the deterioration of their assets then they made a profit on their goods trading. But if you add in the loss of wealth because things are starting to crumble away and need replacing, then they have opted to add that to the account this time around, in one great lump, and they now show a loss instead.

[Peter Pedant]

jomifl

you are surrounded by crooks - who say they are honest men
and you say in your innocent way - there's something wrong here - can you see where I have gone wrong and we all say yeah we can
and you say - o I can't.

Ok -

think of it as a column vector with two rows

[Peter Pedant]

oops!

first one ( ecks one probably ) -170
and the second entry ( lets call it ecks two ) 700

draw brackets around and think as one figure. Now do you see ?