Canada Branch Finances - 2015

by berrygerry 5 Replies latest watchtower scandals

  • berrygerry
    berrygerry

    So, CRA has fixed the glitch whereby they had probably posted the Annual Return of a small Congo.

    At first glance, there was disappointment that the GB's begging has been paying off. So, donations are at an all-time high, up by 10% (line 4500).

    More staggering, gifts from Other Charities exploded to $33.5 million (line 4510).

    As a result, Total Revenue is at a staggering $83.3 million (line 4650).

    However, Expenses are still high, with Supplies increasing by $5 million (line 4891). (Really explains the push to digital, and discontinued publications.)

    As a result, the deficit has remained, and is at $6.8 million. Much better than the previous 3 years, but still very sickly compared to 2010's $20 million surplus.

    Also notable, Canada sent $35.9 million to Brooklyn (or offshore) in 2014. 2015 is down to $3.5 million (line 5050). (For future reference - 2011, $82,420 - 2012, $2,045,845 - 2013, $216,022 - 2014, $35,921,399 - 2015, $3,485,726 )

    Synopsis - arresting the hemorrhaging is important - but, they are still negative. Will next year be a break-even year? Looks like 2016 will be a make-or-break year. Meantime, you goddamn kids better not buy any more ice cream in your life - ToMo is getting tired of hotdogs.

  • talesin
    talesin

    It's kind of interesting that in the last 6 years, their long-term investments have gone from $67,000,000+ to zero.

  • berrygerry
    berrygerry

    Most insiders know that WT has a controlling interest in the Bluth Company.

    Jim Cramer has analyzed both companies

    ergo

    https://www.youtube.com/watch?v=7pbRYljkDFg

    (For those confused - Arrested Development)

  • elderINewton
    elderINewton

    LT investments were probably loans to KHs.

    It would also explain increase in donations from other charities as they are no longer loan payments coming in.

  • talesin
    talesin

    hahaha, love that show!

    elderNewton, that makes sense - I'll have to magnify and take a look again with my granny glasses, thanks.

  • talesin
    talesin
    Is this a FS, in particular, a Balance Sheet? Because it doesn't balance. Hmmm

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