accounting year

That was down from 9.3 billion euros in 2018/19, and although it is partly distorted by the fact COVID-19 led to some broadcast revenues being pushed back into the next accounting year, the pandemic is estimated to have cost those 20 clubs over 2 billion euros in missed revenue so far.

In its 2017 accounting year, Sony sold 13.5 million phones, and back in April its modest estimate for 2018 was 10 million, but now that’s been revised down to 9 million.

But as that stake's value dropped over the accounting year by £37m, it explains why his total portfolio took such a knock.

They must pass along to shareholders any realized capital gains that are not offset by losses by the end of the accounting year.

It also blamed shorter periods of sales in the accounting year.