Evr Share Discussion Threads

[igbertsponk] 24/4/2018 12:49

Sorry guys, I'm right. IAS specifically states that "an active market cannot exist for brands, music rights..."
With no active market there is no fair value, so no valuation on the balance sheet.

[maxdba85] 24/4/2018 12:38

I would agree, but,

IAS38 says that it is for "intangible assets which are part of an active market"

EVRH is not active, so such an assessment would be resisted.

[loglorry1] 24/4/2018 12:25

Sorry guys but Jaknife is right. He's nailed you on this one. The IAS standards are absolutely clear.

I can only assume EVRH don't have a lot of valuable content as you suggest or that they have no intention of making any money from it. Either way it's not looking good.

[maxdba85] 24/4/2018 12:13

Please don't forget that what something is worth is not ever what it is valued at.

This works both ways.

[igbertsponk] 24/4/2018 11:26

So you're saying Vivendi's accounts are wrong or that their music catalogue is worthless?
Amusing.

[kreature] 24/4/2018 10:39

Iber, she's let herself go a bit imo.

max, a shop front on the internet is a good idea.

[igbertsponk] 24/4/2018 10:26

I have explained you dim numpty - only ACQUIRED intangibles go on the balance sheet. As seen in Vivendi's (Universal Music) accounts.

[loglorry1] 24/4/2018 10:24

@IgbertSponk you have not explained why it can't go on the balance sheet. If it is an intangible asset with value that's exactly where it would go. In fact this is not really an optional thing it has to be shown to be there. They could write down its value to zero but that would imply that the management think it has no value.

Again I ask why if there is huge latent value in their VR back catalogue isn't it shown in the accounts?

[loglorry1] 24/4/2018 10:05

Obviously all back catalogue content has value. It's worth looking at the accounts of film companies to see how this is treated. Normally they book it at some value at release sometimes at cost of production and they can also increase that if box office sales are strong. Then each year they write it down a little bit. The amount varies but I've seen 25%/year as typical to a residual value.

If EVRH has spent a lot of money on content it would be capitalised. There is no reason not to do so as it should go on the balance sheet.

[igbertsponk] 24/4/2018 09:59

Because you can't put it on the balance sheet, as already explained. Do keep up at the back there !

[loglorry1] 24/4/2018 09:59

@max but what's it's value? Why isn't it on the balance sheet?

[igbertsponk] 24/4/2018 09:10

Yes she can

She's signed to Island Records, part of Universal, so perhaps will be performing for Melody with her new 2018 album.

Next silly question?

[kreature] 24/4/2018 09:05

Can Mona Lisa sing live ?

[igbertsponk] 24/4/2018 09:00

Amusing - so the Mona Lisa was worthless until someone bought it?

[kreature] 24/4/2018 08:51

"providing users want the content"

How many old concerts have you paid to view in the last year ?

The recordings have zero value unless they've been acquired. See the previous post.

[ferrisc] 24/4/2018 08:45

Okay. EVRH can 'afford' content because they have revenue share deals with the big 3 record companies (and Roc Nation). The cost of recording and editing is also very low. In the model EVRH have, everyone wins, providing users want the content. If you have no knowledge of this model you should research before posting.

[igbertsponk] 24/4/2018 08:40

Tosh loglory - you'd only value acquired assets, not those you create. See Vivendi's accounts for confirmation. Page 52

[kreature] 24/4/2018 08:33

They can always listen in the car while cleverly operating the vehicle at the same time. It would be a bit stalky to want to go and hang around an old event and go backstage etc imo. It just seems a bit odd and niche for any fan to want to get visually close to a band, rather than just listen to the music

[loglorry1] 24/4/2018 08:32

@Ferrisc OK so you say but you don't provide any counter arguments. It's not constructive. I could just call you "clueless" and you'd call me it back. Is there any point to that. Please show me why? I am more than happy to listen.

@IgbertSponk why isn't any of this content capitalised on the balance sheet? I can't find it in the last full accounts. If it is valuable it must be put as an (intangible) asset on the balance sheet and its not there.

Log