FoxHound wrote:@ Gato
I don't have the full account schedule for the year. So if you want, have it your way which is:
Red Bull technology have a turnover of 350 million from supplying Caterham and STR(

) And a few bits and bobs to Red Bull racing. Thats a third party supplier with a higher turnover than any current F1 team....If you think that's kosher then may the force be with you.
some stuff
You are free to speculate and conclude as much as yo like, but may be concentrate of what each party has said/written on here in the context of this discussion.
Our conversation started out with the following statements of yours:
Foxhound wrote:Squadra Torro Rosso is a seperate entity and not included in the RBR or RBT companies house figures.
and
Foxhound wrote:
To be clear, Red Bull racing has a budget of 250 million. Red Bull Technologies has 350 million.
The total of the 2 combined is 600 million plus per annum. The companies are indistinguishably linked, by owners and by purpose...From Horner himself. Red Bull technologies supply Red Bull. They also supply STR and Caterham, but not to the extent of 350 million dollars. Otherwise we would have an STR or Caterham on pole every other race.
to which I ask you the following, very simple and straight forward questions:
Would you like to comment on your other statement made?
You know, the one that RBT's sales to Torro Rosso will not need to be shown in their companies house filing as Turnover/revenue or "Umsatz"?
And, may you state what your understanding of the term revenue/turnover/Umsatz is, and how you conclude, that it amounts to money spend, this would help to move the discussion forward, as it seems, we are not all using this term (Umsatz/Turnover) in the same context.
Thanks
There is no need for any account schedule to answer any of this, so why you keep beating around the bush?
How you make "Budget" out of a published figure for "turnover", and what is your understanding of the term "turnover"?
The mentioning of the Mercedes GP figures were only meant to illustrate the point, that one should not attempt to conclude
any "budget" or "money spend" vales solely from published "turnover" values.
Why Mercedes hat a "turnover" of ~115 mil GBP ( which equals ~184 mil US$ and is close to your claimed ~180 mil US$) it actually spend ~120 mil GBP in 2011. Which is all fair and good, just shows that your way of looking at numbers has it's possible downfalls.
Code: Select all
Mercedes-Benz Grand Prix Ltd
Key Financials % Change Previous Year (2010)
Employees 526 8.01% 487
Turnover 114,853,000 GBP -7.83% 124,605,000 GBP
Cost Of Sales 120,217,000 GBP -0.54% 120,873,000 GBP
Gross Profit -5,364,000 GBP -243.73% 3,732,000 GBP
Operating Profit -10,818,000 GBP -669.42% -1,406,000 GBP
Pre-Tax Profit -10,568,000 GBP -1012.42% -950,000 GBP
Post-Tax Profit -10,568,000 GBP -1012.42% -950,000 GBP
So what if RBT actually sells a bit more then just some "bit's and bobs", as you like to call it, to RBR?
Seeing that RBR only employs some 52 people, it is plausible to conclude that they actually purchase quite a bit more then
just some "bit's & bobs" from RBT.
What if ,let's say 150 mil GBP, of their ~171 mil GBP spend (Cost of sales) are purchased from RBT?
Would that not mean, it would have to show up in RBT's balance sheet as "turnover"?
Thereby accounting for the lions share of their total turnover of ~215 mil GBP.
That would "only" leave ~65 mil GBP for other customers such as STR & Caterham for example.
So how does this correlate to your 350 mil US$ claim?
Red Bull Racing
Employees 52
Turnover 176,844,000 GBP
Cost Of Sales 171,107,000 GBP
Gross Profit 5,737,000 GBP
for anyone with still an interest and a modicum of understanding of accounting and subsidiaries (RBR being a 100% subsidiary of RBT), the total cost in 2011 for RBR&RBT was ~185 mill GBP after all was said and done.
If you like you can compare this to the ~120 mill GBP which Mercedes spend, or to any other figure you like.
Yes, they spend more, and get good return for it, but nowhere near the money which was bandied around here earlier.