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Semi-Annual from MA

hehe :p

"MindArk has allotted 3.9 SEK in investment capital to FPC."

...Are they being cheap to themselves now aswell? :p
 
All i see is loss, loss, more loss compared to last year.

Explains my recent loots probably. :mad:
 
i`m not accouter or economic but as far i see this ship is sinking down with hole what gets bigger and bigger and shipowner dont try to fix it or if try then do it to slow or wrong.
 
Oh noes, the sky is falling... :D

once VU 10 is more stable ppl will come back, I hope
 
will be intersting to see what the number crunchers in ef have to say about it
 
The next big step in the development process will be completed during the end
of 2009, when the first external partner planets will be launched in Entropia
Universe.
Click to expand...

Theres an ETA if I ever saw one :cool:
 
I'm probably a whiner too, but I do believe that MA/FPC has to step up it's game ...
 
Interesting read again :smoke:
 
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The 'loss' in the report might not be the whole story... There was a more indepth thread somewhere on forum with some accountant guy. Anyone know where it is? Btw i'm not saying this is 100% the reason why the report shows losses is because MA are actually making loss or if the reason is due to other factors... must find that post!
 
NicolePink said:
There was a more indepth thread somewhere on forum with some accountant guy.
Click to expand...

It's already been linked twice in this thread.

Seems people are happy to read the financial report but can't be bothered to read 15 short posts in this thread :scratch2:
 
Oleg said:
It's already been linked twice in this thread.

Seems people are happy to read the financial report but can't be bothered to read 15 short posts in this thread :scratch2:
Click to expand...

Ah yes =) i was searching for it before and had quote thread screen on while doing so, then had to go afk for a while. Thanks for finding link though :)

(I only see url linked once tho :scratch2:)
 
NicolePink said:
Ah yes =) i was searching for it before and had quote thread screen on while doing so, then had to go afk for a while. Thanks for finding link though :)

(I only see url linked once tho :scratch2:)
Click to expand...

Thats because you're part of the majority ef users who have used the ignore button on the same unanimous user....:laugh:

regardless, good point highlighted there Oleg
 
Users’ net contribution for the first 6 months was 32 million SEK, compared to 34.5 million the previous year, a decrease of 7%.

The Group’s operating profit was 10.6 million SEK compared to 3.3 million SEK
the preceding year. Activated development costs of 11.6 million SEK are
included in that total, compared to 0 SEK the previous year.
Click to expand...

Hmm I find this part to be intresting and could explain the bad loot. How do you get 2.5 million less in deposits from previous 6 months but still post a 7.3 million increase in operating profit? My answer squeeze the players. On top of that they over spent the operating profit for the FY by 1 million (1m from the previous years income I hope). Seeing these numbers when were ticked off and frustrated about loots just pisses me off :mad:

To put it simple the loot switch is off to increase profits were paying for it twice once in the deposit and second in any of the little loots we get to just keep our gear operating. Seems (L) items really help MAs bottom line?

Can anyone from MA break it down to us? Development cost, Yacht, Porsch or luxury house? Believe me you guys deserve it all awesome job here you created something special. I just want you to remember who pays your bills when it comes to the loot switch settings.
 
Rentonx said:
Thats because you're part of the majority ef users who have used the ignore button on the same unanimous user....:laugh:
Click to expand...

A distict minority of uniformed EF users who don't know what their missing... Oleg... didn't give the exact post to start with and the poster... so poor Nicole had to wade through yet another 94... uninformed posts :laugh:
 
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Brooklyn said:
A distict minority of uniformed ef users and see what your missing... because Oleg didn't give the exact post to start with and the poster... so poor Nicole had to wade through another 94...uninfromed posts :laugh:
Click to expand...

I counted 52 on the public poll, before it got deleted... of course EF rules have to be respected :)

Anyway back on to the more important matter, the lower deposit rate from players you see could be just a phase... I mean with CE2 implementation quite a few people are still waiting for everything to be fully functioning before they let loose again.

Personally the only thing thats really informative to me is the annual reports.
 
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Wildman Alpha said:
Hmm I find this part to be intresting and could explain the bad loot. How do you get 2.5 million less in deposits from previous 6 months but still post a 7.3 million increase in operating profit? My answer squeeze the players. On top of that they over spent the operating profit for the FY by 1 million (1m from the previous years income I hope). Seeing these numbers when were ticked off and frustrated about loots just pisses me off :mad:

To put it simple the loot switch is off to increase profits were paying for it twice once in the deposit and second in any of the little loots we get to just keep our gear operating. Seems (L) items really help MAs bottom line?

Can anyone from MA break it down to us? Development cost, Yacht, Porsch or luxury house? Believe me you guys deserve it all awesome job here you created something special. I just want you to remember who pays your bills when it comes to the loot switch settings.
Click to expand...

The bigger profit compare to the same period last year has nothing to do with worse loot or "loot switch is off". The big diffrent is "the Capitalized expenditures 11 261 933 SEK" that was 0 last year, this is more of an accounting procedure than a real income. Had that item been 0 this year too they would have showed a loss this year. And loot don't directly effect the profit, only deposits.
 
I always thought the "capital expenditures" were for items that depreciate i.e. Server Hardware, yacht, porche ect. :D

Software leases (licencing) and loots usually fall under "operating costs".

Granted I am not an accountant so I could be wrong.:scratch2:
 
Hm. A HELL of a lot of "Daughtercompanys" seems to have popped up. The old Umbrella method. When the parent company has to big profits start up a few daughters which you can "Transfer" your profits to, Preferably abroad. Example. Support in MEXICO ?? Of all countries :eek: Good idea if you wanna Hide profits from tax department. Who would be able to tell IF you pay to much even if you pay the Mexican company ten times more for their service compared to what the costs would be i Sweden ? Let another company "OWN" the servers, and "Rent" them for an insane price, same shit with buildings etc etc. I can see the pattern now :(:rolleyes:
 
Rentonx said:
Thats because you're part of the majority ef users who have used the ignore button on the same unanimous user....:laugh:

regardless, good point highlighted there Oleg
Click to expand...

wonder who on earth that could be lol :D
 
All I will say is the report covers the time before CE2 came in and I would suspect the next report to be far worse. In contrast to this there has been massive change and the groundwork is getting done ready for the future.

Dont be fooled by what you hear on the news people, we (or most are) are in deep recession so company results are going to be poor.... and above all dont think things should be better just because the stock market has seemed to be more stable - thats probably something to do with trillions of $ £ and Euros being printed ;)
 
Ragewalker said:
I always thought the "capital expenditures" were for items that depreciate i.e. Server Hardware, yacht, porche ect. :D

Software leases (licencing) and loots usually fall under "operating costs".

Granted I am not an accountant so I could be wrong.:scratch2:
Click to expand...

Well, you are part right, capital expenditures in this case is the development of EU and the CE2 update i guess. Instead of takeing all the cost now, they take it as depreciaions in a five year period. No, yacht or cars i hope ;)

The loot is not a cost in the income statement, is only an EU internal item.
 
Contingent Liabilities
MindArk defines user holdings as the net of users’ funds deposited into and
withdrawn from the Entropia Universe. This means that at any given moment
the users in Entropia Universe own substantial sums of unused assets in the
virtual currency, PED. These user holdings are treated as a financial undertaking
that is shown as a contingent liability under memorandum items. On June 30,
MindArk’s contingent liabilities totaled approximately 58 million SEK compared
to approximately 39 million SEK on June 30 the preceding year.
Click to expand...

I thought the new EULA stated that all currencies, items, etc, etc, etc, were owned by MindArk and we were just paying for the service of using those items/currencies in-game? :confused::confused::confused:

Despite the similarity in terminology, all Virtual Items, including virtual currency, are part of the Entropia Universe System and/or features of the Entropia Universe, and MindArk and/or respective Mindark’s Planet Partner(s) retains all rights, title, and interest in all parts including, but not limited to Avatars, Skills and Virtual Items. These retained rights include, without limitation, patent, copyright, trademark, trade secret and other proprietary rights throughout the world. Notwithstanding any other language or context to the contrary, as used in this EULA and/or in the Entropia Universe in the context of Virtual Items, You expressly acknowledge that all terms like “exchange of”, “trade with”, “purchase of”, “sale of” or “use of” Virtual Items, and all similar terms in context of transactions with Virtual Items, refers to the licensed right to use a certain feature of the Entropia Universe or the Entropia Universe System in accordance with the terms and conditions of this EULA.
Click to expand...
 
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Menace said:
I thought the new EULA stated that all currencies, items, etc, etc, etc, were owned by MindArk and we were just paying for the service of using those items/currencies in-game? :confused::confused::confused:
Click to expand...

it pretty much does...
 
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