Summer Travel: Money Saving Tips

Click here to see FareCompare.com’s surcharge chart.

Finally, even though hotels are offering some pretty good deals this summer, you’ll manage to save some money and get more space — a huge plus for families — if you rent a condo or house instead. On that day, along with Tuesdays, the major airlines charge the lowest “peak air travel surcharge”. Dragging along your Maclaren will save you $10 to $30 a day.

Mile Strip Road image by Dougtone, courtesy CC 2.0.

Stacey Bradford is the author of The Wall Street Journal. All Rights Reserved.

Last Updated Jun 10, 2010 3:38 PM EDT

If you’re heading to a theme park, bring your own stroller. The inconvenience could save you between $5 and $12 a day. Travel on a Wednesday

Seaney also figured out that Wednesday is the cheapest day to fly since it’s the least popular day for traveling.. Buy Your Ticket on a Tuesday

Rick Seaney, of travel website FareCompare.com, is one of my favorite airfare experts. 3. So if you wait until that afternoon, all the best fares are in the system and waiting to be purchased.

There’s another reason Wednesdays are the cheapest. I recently tried to book flights for two different trips and couldn’t believe the prices. According to his data crunching, the best time to buy an airline ticket is on Tuesday afternoon around 3:00 pm.

© 2010 CBS Interactive Inc.. Penny Pinch Wherever You Can

Considering all the extra airline fees vacationers now encounter, it makes sense to save a few dollars where you can.

If you have small children consider schlepping along your own car seat rather than renting one from a car rental company. The good news is that child safety seats are the one item an airline won’t charge you to check, says Hockin.

If you haven’t already planned your summer vacation, you may be in for some sticker shock. Unfortunately, for reasons that were out of my control, I had no flexibility with my dates and couldn’t follow the steps necessary to get the best deals. Arrive or depart on a Sunday and you’ll have to fork over $30. The competition then tries to match the bargains the following Tuesday morning. You can easily access vacation rentals through VRBO.com (Vacation Rentals By Owner) or Hotels.com.

2. Fly on either of those days and you’ll only get hit with an extra $10 fee, says Nicole Hockin, a travel expert and spokesperson for Hotels.com. If you’re lucky enough to have some leeway, here are some tips that could save you some money:

1. The airfares were so expensive that I was only able to purchase tickets for one of my destinations. Financial Guidebook for New Parents.

Why? Seaney noticed that airlines tend to post airfare sales on Monday evenings

FBI Ruse Violated Rights of Vegas Hotel Guest, US Judge Says

Phua, 50, is the last remaining defendant among eight people arrested in the case, including his son Darren Wai Kit Phua, 23.

“We hope this will bring the case to a close because the decision suppresses all the evidence that directly involves Mr. Charges against one defendant were dismissed.

The defense lawyers accused the FBI of deceiving a magistrate judge who granted a search warrant by failing to disclose the tactics used to find probable cause, and leaving any reference to the ruse out of investigative reports.

Gordon called the evidence collected from Phua’s suite “fruits of an unconstitutional search,” and said it can’t be used if the government presses forward with charges that Phua operated an illegal gambling business and transmitted wagering information. attorney’s office in Las Vegas, which didn’t immediately respond.. Phua,” defense attorney Thomas Goldstein said.

“The government violated the defendant’s Fourth Amendment rights” against unreasonable searches and seizures, U.S. Agents seized computers, cellphones and cash.

Phua’s attorneys said they were stunned to learn that investigators enlisted a Caesars contractor to shut off Internet access so agents disguised as repairmen could enter with hidden cameras.

“This had implications for all Americans,” defense attorney David Chesnoff said, hailing the decision as a victory for freedom.

Officials with the FBI referred messages seeking comment to the U.S. District Judge Andrew Gordon said in a bluntly worded decision.

Federal prosecutors conceded mistakes but argued that the government did nothing malicious and had not violated Phua’s constitutional rights.

Gordon’s 22-page ruling effectively guts the criminal prosecution of a man authorities characterized as a top member of an Asian organized crime syndicate who flew to Las Vegas last summer on his private jet after having been arrested and charged with operating an illegal sports betting business in the Asian gambling hub of Macau.

Darren Phua was the last of six defendants to plead guilty to lesser charges, forfeit large amounts of money and return to Asia under plea deals banning them from travel to the U.S. for five years. The two charges each carry a penalty of up to seven years in prison.

Phua’s lawyers also disputed allegations that their client had criminal ties.

The decision, however, doesn’t kill the case outright.

Prosecutor Kimberly Frayn argued that Internet service isn’t an essential service like electricity, air conditioning or water, and that people in the Caesars Palace villas weren’t compelled to invite in the agents disguised as repairmen.

“Law enforcement can’t break something in your house and pose as repair people to get inside,” Chesnoff said.

The FBI violated the rights of a wealthy Malaysian businessman when agents posed as Internet repairmen to get into his Las Vegas hotel suite to search for evidence of wrongdoing during the World Cup soccer tournament last summer, a federal judge ruled Friday.

“There is not a constitutional right to DSL,” she said.

“Permitting the government to create the need for the occupant to invite a third party into his or her home would effectively allow the government to conduct warrantless searches of the vast majority of residences and hotel rooms in America,” the judge wrote.

His ruling threw out evidence collected last July from Wei Seng “Paul” Phua’s high-security luxury villa at Caesars Palace.

Prosecutors said some $13 million in bets had been wagered before the FBI, working with Nevada gambling regulators, raided three Caesars Palace villas where Phua, his son and several other people were staying

Manchester United: 2013 Fourth Quarter and Full Year Results

Adjusted Net Income)

16,733

Three months ended

Non-controlling interest

17.0

447,960

(38,774)

 

 

27,977

Increase in trade and other payables and deferred revenue

5

198

-

Derivative financial instruments

10,842

6

2 Reconciliation of profit/(loss) for the period to adjusted EBITDA

106,099

(27,943)

 

Exchange (losses)/gains on cash and cash equivalents

Debt finance costs relating to borrowings

 

Proceeds from borrowings

Acquisition of additional interest in subsidiary (see supplemental note 5)

420. In accordance with International Financial Reporting Standards, historic earnings per share calculations and the balance sheet as at 30 June 2012 reflect the capital structure of the new parent rather than that of the former parent, Red Football Shareholder Limited.

(8,793)

Trade and other payables

93

(4,124)

The group recorded a non-cash tax credit for the year of £155.2 million, largely comprising the recognition of US deferred tax assets.

50.5%

-

282.2 %

17,082

1,685

-

70

Adjusted tax (expense)/credit (using a normalised US statutory rate of 35%)

237,100

(155,212)

6,394

68,619

FAPL Champions in 2012/13: a record 20 English League titles.

Adjusted net income for fiscal 2013 increased 282.2% to £17.2m and adjusted earnings per share was up 266.7% to £0.11.

Commercial revenues grew 29.7% for the year 2013 to a record £152.5m – 42.0% of total revenue. Expenses of £1,459,000 directly attributable to this issue of new shares have been offset against share premium.

(295)

-

2013

 

2012

(70,807)

Change

70,807

377,474

On 2 January 2013, the Group acquired the remaining 33.3% of the issued share capital of MUTV Limited for a purchase consideration (including transaction costs) of £2,664,000. It has been a little over a year since our IPO and in that time we have delivered on our targets and objectives. We look forward to a successful 2013/14, both on and off the pitch.”

231

 

57,221

327

Through our 135 year heritage we have won 62 trophies, enabling us to develop the world’s leading sports brand and a global community of 659 million followers. On 8 August 2012, Manchester United Ltd. The effect of changes in the ownership interest of MUTV Limited on the equity attributable to owners of the parent during the period is summarised as follows:

Amortisation of players’ registrations

3. As a result of these reorganisation transactions, Red Football Shareholder Limited became an indirect, wholly-owned subsidiary of Manchester United plc.

421,453

 

Twelve months ended

30 June

-

 

Profit on disposal of players’ registrations

1,337

Change

For the year:

7,421

Subtract: profit for the period attributable to non-controlling interest

Adjusted basic and diluted earnings/(loss) per share*

(unaudited, in £ thousands, except per share and shares outstanding data)

(74.5)%

4,497

 

Twelve months ended

30 June

 

8,495

94,433

Staff costs for the year were up 11.6% to £180.5 million, primarily due to increased headcount to facilitate the continued expansion of our commercial business (at 30 June 2013, we employed 793 people versus 713 a year earlier), new player signings and higher wages and bonuses for existing players.

In June 2013 the Group refinanced a portion of its borrowing with a new $315.7 million (£209.2 million) secured term loan, repurchasing all £177.8 million of the sterling denominated senior secured notes and $22.1 million (£14.0 million) of the US dollar denominated senior secured notes, paying a premium of £16.7 million.

Operating expenses

-

 

2012

£’000

129,825

(107)

0.15(1)

30 June

(10,311)

2012(1)

73,005

134,042

209,190

9,691

Cash and cash equivalents at beginning of period

2013

£’000

(155,212)

Decrease/(increase) in trade and other receivables

(14,905)

Derivative financial instruments

155,212

Broadcasting % of total revenue

18,413

Property, plant and equipment

155,352

Net increase/(decrease) in cash and cash equivalents

Deferred revenue

(134,042)

 

Gross debt

(155,212)

17.2

Purchases of players’ registrations

9,692

26,692

Weighted average shares outstanding (thousands)

152.5

70,603

91

(72,082)

23,313

(12,503)

UEFA competitions

252,808

-

1.2 Initial public offering (“IPO”)

(134,042)

-

 

 

389.2

We believe adjusted EBITDA is useful as a measure of comparative operating performance from period to period and among companies as it is reflective of changes in pricing decisions, cost controls and other factors that affect operating performance, and it removes the effect of our asset base (primarily depreciation and amortisation), capital structure (primarily finance costs), and items outside the control of our management (primarily taxes). Adjusted Net Income)

17,014

 

4,824

(14.9)

Tax credit

23,313

106,099

Depreciation and amortisation of players’ registrations

37.7%

Exceptional items

52

Three months ended

30 June

Trade and other payables

 

(10.6)

(2,664)

2013

£’000

-

Net cash generated from operating activities

31.3%

(91)

9,646

Net finance costs

128,535

(27,943)

320.3

7,021

Proceeds from sale of players’ registrations

Adjusted EBITDA

Profit/(loss) for the period

Revenue

(9,162)

 

Furthermore, the reorganisation resulted in additional US tax bases or ‘step-up’ that is currently expected to result in the availability of further US tax deductions. 001-35627).

66,523

3

108.6

(285,139)

(1,856)

3,057

Profit on disposal of property, plant and equipment

70.6

-

2013

£’000

(191,924)

Provisions

7

112,399

Trade and other receivables

 

2,500

Cash and cash equivalents

 

5

Repayment of other borrowings

0.65

Adjusted profit/(loss) for the period (i.e. The carrying amount of the non-controlling interests in MUTV Limited on the date of acquisition was (£1,834,000). Adjusted basic and diluted earnings/(loss) per share

EQUITY AND LIABILITIES

(12,671)

The new parent, Manchester United plc. changed its legal name to Manchester United plc.

11,759

142.9%

14,488

162,895

Interest paid

155,352

713

Adjusted profit/(loss) for the period is the adjusted profit/(loss) for the period attributable to owners of the parent, calculated by adding the profit for the period attributable to non-controlling interest to the profit/(loss) for the period attributable to owners of the parent, adding/(subtracting) material charges/(credits) related to the IPO and the repurchase of senior secured notes, subtracting the actual tax credit for the period, (subtracting)/adding the adjusted tax (expense)/credit for the period (based on an normalised tax rate of 35%; 2012: 35%) and subtracting the profit for the period attributable to non-controlling interest. During the year the Group raised £70.3 million ($110.2 million) through the initial public offering of shares on the New York Stock Exchange. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual financial results or results of operations and could cause actual results to differ materially from those in these forward-looking statements. These statements often include words such as “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible” or similar expressions. Accelerated amortisation of issue discount and debt finance costs were £11.8 million compared to £2.3 million in the prior year. 333-182535) and the Company’s Annual Report on Form 20-F (File No. Thereafter, a replay of the webcast will be available for thirty days.

 

2012

£’000

421,247

2013

 

2012

3 Reconciliation of profit/(loss) for the period attributable to owners of the parent to adjusted profit/(loss) for the period and adjusted basic and diluted earnings/(loss) per share

-

20.6

2011/12 season

94.4

1,118,311

 

Consideration paid to non-controlling interests

Premium on repurchase of senior secured notes

7,769

23,313

Net cash used in investing activities

91,649

(27,977)

Decrease in provisions

Broadcasting revenues for the year decreased 2.3% to £101.6 million primarily as a result of the market pool element of our UEFA Champions League distributions for fiscal 2013 being based on a 25% share for finishing as runners-up in the Premier League in the preceding season compared to a 40% share in fiscal 2012 for finishing the preceding Premier League season as Champions.

Adjusted profit/(loss) for the period (i.e. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for an analysis of our results as reported under IFRS as issued by the IASB. A reconciliation of profit/(loss) for the period attributable to owners of the parent to adjusted profit/(loss) for the period attributable to owners of the parent is presented in supplemental note 3.

793

Net finance costs

78,451

25

 

CONSOLIDATED BALANCE SHEET (continued)

(8,793)

8,728

Adjusted basic and diluted earnings/(loss) per share is calculated by dividing the adjusted profit/(loss) for the period attributable to owners of the parent by the weighted average number of ordinary shares in issue during the period, as adjusted for the reorganisation transactions described in supplemental note 1.1 and presented in supplemental note 3.

 

1,118,311

-

969

7,769

Commercial % of total revenue

18.6%

8,495

162,895

793

327

Adjusted profit/(loss) before tax

21,977

80,302

 

Three months ended

30 June

7

163,826

146,250

-

Adjusted profit/(loss) for the period

Other

(5,685)

0.11

106,099

Total operating expenses for the year increased 8.8% to £310.3 million.

 

 

1,275

66,523

Tax

-

2013

 

2012

(1,795)

30 June

94,433

3,000

Deferred tax asset

 

14,080

The Group had historically conducted business through Red Football Shareholder Limited, a private limited company incorporated in England and Wales, and its subsidiaries. See Non-IFRS Measures: Definitions and Use below and the accompanying Supplemental Notes for the definitions and reconciliations for these non-IFRS measures and the reasons we believe these measures provide useful information to investors regarding the Group’s financial condition and results of operations.

68,822

Purchases of investment property

19

2,338

-

4

9,375

62,014

Sponsorship revenue up 49.0% to £21.3 million;

Retail, Merchandising, Apparel Product Licensing 22.1% higher to £10.5 million; and

New Media Mobile increasing 17.3% to £6.1 million.

169

3,816

Finance costs

7,478

19

169

FAPL

106,099

4

(1,834)

10,842

495

320,320

23,313

(10.9)%

Depreciation charges

146,419

834

Tax credit

(31,722)

 

30 June

2012(1)

106,099

Home Matches Played

24.2%

Non-current liabilities

Profit/(loss) for the period attributable to owners of the parent

Commercial

(2,681)

-

(14,905)

44.5%

(3,074)

 

Earnings per share attributable to owners of the parent:

2,457

 

Three months ended

30 June

109.1

Tax credit

(unaudited, in £ thousands)

436.9

Cash and cash equivalents

84,407

Matchday revenues for the year increased 10.5% to £109.1 million, as we hosted a number of matches during the 2012 Olympic Games and had five home domestic cup fixtures in fiscal 2013 compared to one in fiscal 2012.

Income tax refund/(paid)

14,197

Goodwill

-

44,607

2,026

98.7

954,999

Other operating expenses for the year were up 10.6% to £74.1 million, primarily due to an increase in domestic cup gateshare expenses, catering, police and security costs associated with the home domestic cup games played in the year; together with the costs of hosting the matches at the 2012 Olympic Games.

Key Performance Indicators

70,807

For fiscal 2014, Manchester United expects:

 

Three months ended

30 June

Broadcasting revenue

146,250

-

CONSOLIDATED INCOME STATEMENT

229,383

2012/13 season

-

108,552

(14,998)

On 10 August 2012, the Company issued a further 8,333,334 ordinary shares at an issue price of $14 per share and listed such shares on the NYSE. For the fourth quarter they were £2.3 million compared with £4.4 million in the prior year quarter.

74,163

Current tax receivable

1 General information

(1,795)

-

(2,664)

 

2013

£’000

(5,434)

(9,162)

7,478

(unaudited, in £ thousands)

Profit/(loss) for the period

-

 

 

146,419

-

(739)

Profit on disposal of players’ registrations

 

Weighted average shares outstanding (thousands)

(134,042)

Other operating expenses

73,005

Net cash generated from financing activities for the year was £16.1 million, an increase of £54.9 million compared to £38.8 million net cash used in financing activities in the prior year. The reorganisation transactions have been treated as a capital reorganisation arising at the reorganisation date (9 August 2012). Our large, passionate community provides Manchester United with a worldwide platform to generate significant revenue from multiple sources, including sponsorship, merchandising, product licensing, new media  mobile, broadcasting and matchday.

(5,851)

25,576

832

36,211

(5,434)

1,795

This assumes the team finishes third in the FA Premier League and reaches the quarter-finals of the UEFA Champions League and the domestic cups.

4,497

Expenses directly attributable to issue of shares (see supplemental note 1.2)

101.6

(10,602)

14,488

2013

£’000

235,097

 

 

 

 

30 June

2013

-

2013

 

2012

(93)

4

2013

 

2012

 

 

Twelve months ended

30 June

Equity attributable to owners of the parent

146.4

49,536

(2,003)

For the fourth quarter, revenues decreased 3.3% year on year to £26.6 million for the same reason but were offset slightly by higher merit revenue from the English Premier League as a result of finishing in first place in 2013 compared to runners up in 2012.

Add: profit for the period attributable to non-controlling interest

We believe that in assessing the comparative performance of the business, in order to get a clearer view of the underlying financial performance of the business, it is useful to strip out the distorting effects of material charges/(credits) related to ‘one-off’ transactions such as the IPO (including the associated recognition of deferred tax assets or liabilities) and repurchase of senior secured notes; and then to apply a ‘normalised’ tax rate (for both the current and prior periods) of the US statutory rate of 35%. The Company became the parent of the Group as a result of reorganisation transactions which were completed immediately prior to the completion of the public offering of Manchester United plc shares on the New York Stock Exchange (“NYSE”) in August 2012 as described more fully below.

 

2012

£’000

4,365

(unaudited, in £ thousands)

(20,339)

83,664

(7)

Cash flows from investing activities

Broadcasting

Carrying amount of non-controlling interests acquired

Purchases of property, plant and equipment

49,536

237,889

967

Trade and other receivables

Cash flows

(3,515)

SUPPLEMENTAL NOTES

17,181

5

32.5%

8,936

Adjusted EBITDA is defined as profit/(loss) for the period before depreciation, amortisation of, and profit on disposal of, players’ registrations, exceptional items, net finance costs, and tax credit.

CONSOLIDATED STATEMENT OF CASH FLOWS

30 June

Total revenue

713

148,233

Total assets

 

1,128

Profit on disposal of players’ registrations

ASSETS

 

-

Twelve months ended

Profit/(loss) for the period

3

17,168

Non-controlling interest

9

-

-

Amortisation of players’ registrations

(5,434)

Dividends paid

22,986

1,583

(83,288)

23.3

(20,537)

 

(124)

146,419

146,419

 

 

 

30 June

2013

Depreciation

Matchday revenue

(310,337)

(9,691)

Profit/(loss) for the period (i.e. The Group derecognised non-controlling interests of (£1,834,000) and recorded a decrease in equity attributable to owners of the parent of £4,498,000. The Company expects to finalise the position by the end of the fiscal 2014.

36.7%

Twelve months ended

(401)

-

779

106,099

 

1

Cash generated from operating activities for the year was £57.2 million, an increase of £26.3 million compared to £30.9 million in the prior year.

 

 

 

Three months ended

30 June

Profit on the disposal of players’ registrations for the year was £9.1 million compared with £9.7 million in the prior year. The benefit of the additional expected foreign tax credits results in a deferred tax asset of £25.3m.

17,266

447,960

(2,681)

104.0

Three months ended

(259,254)

436.9

4,172

30.0%

145,128

Current tax liabilities

155,352

249,030

18.9

Borrowings

247,866

Investment property

-

(16,167)

0.11

(1) As adjusted retrospectively to reflect the reorganisation transactions described in supplemental note 1.1.

58,517

(0.07)

Employees at period end

28.1

15,628

(14,998)

947,148

-

Fair value losses/(gains) on derivative financial instruments

666

Net finance costs

26.6

Loss before tax

(0.02)

988

(50,315)

41,714

106.1

Attributable to:

209,190

Operating expenses

2. Adjusted Net Income)*

-

174

Domestic Cups

(2.3)%

UEFA competitions

Sponsorship revenue was up 44.1% to £90.9 million;

Retail, Merchandising, Apparel Product Licensing was 14.2% higher to £38.6 million; and

New Media Mobile increased 11.1% to £23.0 million.

41,714

Cash generated from operations (see supplemental note 4)

-

Loss before tax

(58,971)

1,677

 

Cash and cash equivalents at end of period

50

 

Twelve months ended

30 June

Domestic Cups

 

-

3,285

Conference Call Information

 

(63)

 

1,807

-

(1,137)

-

22,305

Staff costs

91.6

Manchester United plc (“the Company”) and its subsidiaries (together “the Group”) is a professional football club together with related and ancillary activities. The Company is incorporated under the Companies Law (2011 Revision) of the Cayman Islands, as amended and restated from time to time. This increase is offset by reduced interest payable on senior secured notes of £4.3 million, a £1.7 million favourable FX swing on the translation of the Group’s US dollar denominated senior secured notes, a £1.0 million FX gain on the translation of the Group’s new US dollar denominated loan and a £0.5 million increase in interest receivable.

(27,977)

Opened our first regional sales office in Hong Kong in August 2012 which has made an excellent contribution, concluding multiple deals.

Acquired the remaining one-third stake in MUTV – securing full control of all our content generation and distribution capabilities.

Reached 34 million Facebook followers and 32 million unique records on our CRM database compared to 26 million and 15 million respectively a year ago.

Refinanced all our outstanding £177.8m GBP bonds and $22.1m of the US dollar bonds with a new term loan, resulting in interest saving of around £10m per year.

0.90

947,148

(3,333)

The Company’s conference call to review the fourth quarter and fiscal 2013 results will be broadcast live over the internet today, 18 September 2013 at 08:00 am Eastern Time and will be available on Manchester United’s investor relations website at http://ir.manutd.com. These factors are more fully discussed in the “Risk Factors” section and elsewhere in the Company’s Registration Statement on Form F-1, as amended (File No. The Group also repaid the loan stock, of £4.4 million plus accrued interest of £2.9 million, issued to the former minority shareholder, and now holds 100% of the issued share capital of MUTV Limited.

(10,602)

260

482,668

2013

 

2012

Proceeds from the sale of property, plant and equipment

Adjusted EBITDA*

(14,905)

(2,681)

Commercial revenue

421,453

Players’ registrations

5

17,350

29

34.9%

Hedging reserve

 

2013

 

2012

1,378

3

(2)

(45,997)

(4,900)

17,181

Total equity and liabilities

472

-

900

In addition, the Company is expected to utilise future UK taxes paid as foreign tax credits in the US; and as such can ‘mirror’ the existing UK net deferred tax liability as a deferred tax asset in the US. The net proceeds from the offering were used to repurchase a portion of the Group’s US dollar denominated senior secured notes with a value of £62.6 million ($101.7 million) and a premium of £5.3 million ($8.5 million).

As a result of the reorganisation transactions related to the IPO, the Company inherited the £96.1 million carried forward US tax bases of Red Football LP, which the Company will benefit from by way of future US tax deductions.

0.03

937

1.1 The reorganisation transactions

5

Share capital

(10,000)

For the fourth quarter, Commercial revenue increased 34.9% to £37.9 million with:

(327)

129,930

2013

 

2012

16,071

-

155,352

Matchday

Accelerated amortisation of issue discount and debt finance costs associated with the repurchase of senior secured notes

163,312

Equity-settled share-based payments

Profit on disposal of players’ registrations

51,975

30 June

Provisions

30.8%

Non-IFRS Measures: Definitions and Use

4

249,030

£ million (except adjusted earnings per share)

(2.7)

33.7%

(14,591)

The total amount of the US deferred tax assets recognised by the Company in relation to the reorganisation (i.e. A reconciliation of profit/(loss) for the period to adjusted EBITDA is presented in supplemental note 2.

2,945

 

-

(1,137)

129,930

-

363,189

(28,774)

Exceptional items for the year were £6.2 million, which related to professional advisory costs in connection with the IPO and compensation payments to former coaching staff for loss of office following the appointment of the new manager and coaching team, compared with £10.7 million in the prior year, which related to professional advisory costs in connection with the IPO and increase in the provision for the Football League pension scheme. Forward-looking statements include information concerning the Company’s possible or assumed future results of operations, including descriptions of its business strategy. Adjusted EBITDA

42.0%

2013/14 season*

MANCHESTER, England–(BUSINESS WIRE)–Manchester United (NYSE: MANU; “the Company”, “the parent” and “the Group”) – one of the most popular and successful sports teams in the world – today announced financial results for the quarter and year ended 30 June 2013.

9.0%

Commercial revenue for the year increased 29.7% to £152.5 million driven by several new sponsorship partners, an increase in profit share from Nike, new mobile and financial services agreements, and higher renewals from existing partners.

2013

 

2012

Key Financials (unaudited)

(177)

-

 

432,462

66.2%

 

2012

£’000

9,162

428

(15,323)

74,492

1,010

6,217

(30,888)

*Subject to changes in broadcasting scheduling

(7)

 

(20,339)

49.7%

528.3%

 

Proceeds from issue of shares (see supplemental note 1.2)

-

Manchester United is one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth.

29.7%

27.5

117.6

63,136

(9,691)

1,137

266.7%

(8,218)

(2,597)

1

103

85.1

Revenue to be £420m to £430m.

Adjusted EBITDA to be £128m to £133m.

-

Matchday % of total revenue

2,180

70,603

94.4

36.9%

(47,068)

 

389.2

60.1%

 

-

46,151

Non-current assets

Derivative financial instruments

 

Net finance costs for the year increased £21.3 million to £70.8 million primarily due to the £22.0 million premium paid on the redemptions of senior secured notes (£16.7 million related to the refinancing in June 2013 and the £5.3 million balance due to the retirement of notes following the IPO in September 2012) compared to £2.2 million in the prior year. We won our 20th English League title last season and are delighted to have David Moyes lead our football team into a new and exciting chapter. Adjusted profit/(loss) for the period (i.e. Our commercial business continues to be a very powerful engine of growth enabling the team to continue to be successful. The forward-looking statements contained in this press release are based on our current expectations and estimates of future events and trends, which affect or may affect our businesses and operations.

(311)

74.5

2013

 

2012

9,625

 

(48,847)

Borrowings

Exceptional items

-

(14,488)

24,445

 

2012

£’000

 

10,728

Adjusted basic and diluted earnings/(loss) per share

Net cash generated from/(used in) financing activities

(9,342)

Retained earnings/(deficit)

146,419

5,658

-

(82,138)

(169)

For the fourth quarter, revenues increased 9.0% year on year to £20.6 million, due primarily to particularly strong matchday hospitality.

19

1,443

2013

£’000

(10,000)

(10.9)%

Net finance costs

798,915

Current assets

-

(4,730)

19

Depreciation for the year increased 4.0% to £7.8 million and amortisation of players’ registrations for the year was 8.9% higher at £41.7 million. At the time of preparing these financial statements, the deductible element of the ‘step-up’ had not yet been finalized and consequently the £31.9 million recognised as a deferred tax asset with respect to the ‘step-up’ reflects management’s current best estimate. Net of underwriting costs and discounts, proceeds of $110,250,000 (£70,258,000) were received. Prior to the reorganisation transactions, Red Football Shareholder Limited was a direct, wholly owned subsidiary of Red Football LLC, a Delaware limited liability company. For the fourth quarter it was £1.1 million compared with £1.8 million in the prior year quarter.

14.2%

Operating profit/(loss)

(4,498)

Profit/(loss) for the period

7.0

(3,074)

(4,664)

Tax credit

23,313

13.4%

106,099

Basic and diluted earnings per share (pounds sterling)

44,872

 

This press release contains forward looking statements. The normalised tax rate of 35% is management’s estimate of the tax rate likely to be applicable to the Group in the long-term.

Capital expenditure on property, plant and equipment and investment property for the year was £12.5 million, a decrease of £10.2 million compared to £22.7 million in the prior year.

(7,364)

 

Three months ended

30 June

(14,905)

Away Matches Played

Net player capital expenditure for the year was £36.4 million, a decrease of £13.1 million compared to £49.5 million in the prior year.

(615)

163,826

85,096

-

3

3

30,911

18,352

Staff costs % of revenue

 

(0.07)

-

30,888

1,807

28.0%

(80,112)

(71.4)%

(9,414)

 

Amount recognised in equity attributable to owners of the parent

30,888

9

19

1. You should not place undue reliance on such statements because they are subject to numerous risks and uncertainties relating to the Company’s operations and business environment, all of which are difficult to predict and many are beyond the Company’s control. The resulting increase in tax bases is currently estimated to be approximately $350 million (£225 million) gross, although not all of this is expected to result in increased tax deductions. The unamortised balance of players’ registrations as of 30 June 2013 was £119.9 million.

30 June

146,278

CONSOLIDATED BALANCE SHEET

Adjustments:

Twelve months ended

30 June

187

22,986

9,409

Professional advisors fees relating to the issue of shares

 

0.03

Interest received

(0.02)

2,026

Cash flows from financing activities

 

 

Twelve months ended

30 June

-

(5,818)

94,433

5,434

7,149

(0.10)(1)

Other Financial Information – Full Year

38,262

5 Transactions with non-controlling interest

Deferred tax liabilities

93

* Adjusted EBITDA, adjusted profit/(loss) for the period and adjusted basic and diluted earnings/(loss) per share are non-IFRS measures. You should understand that these statements are not guarantees of performance or results. During the fiscal year, we announced:

7 global sponsorship partnerships including a world record shirt deal with Chevrolet

4 regional sponsorship partnerships, and

9 financial services and telecom agreements.

4 Cash generated from operations

363.2

On 9 August 2012, Red Football LLC contributed all of the equity interest of Red Football Shareholder Limited to Manchester United plc. They involve known and unknown risks, uncertainties and assumptions. As the UK deferred tax liability unwinds, there will be UK taxable income which will result in a US foreign tax credit. On 30 April 2012, Red Football LLC formed a wholly-owned subsidiary, Manchester United Ltd., an exempted company with limited liability incorporated under the Companies Law (2011 Revision) of the Cayman Islands, as amended and restated from time to time. had 155,352,366 shares in issue immediately after the reorganisation transactions and before the issue of new shares pursuant to the public offering. £153.3 million), a portion of which has been utilised during the year, reflects management’s current expectation that there will be sufficient taxable profits in the future to utilise the future US tax deductions.

70,603

(1,459)

(10,509)

Current liabilities

119,947

Finance income

(59)

25.4%

Deferred revenue

(73,629)

10.5%

4

(26,732)

70,603

 

 

(27,977)

37.9

Cash flows from operating activities

7

70.6

(49,536)

70,258

4

(72,249)

Cash generated from operations

Owners of the parent

4

Merger reserve

(14,905)

Equity

80,302

Phasing of Premier League home games

 

Quarter 1

 

Quarter 2

 

Quarter 3

 

Quarter 4

 

Total

Share premium

26,678

(3.3)%

38,262

4.5

Ed Woodward, Executive Vice Chairman commented, “We are very proud of our results for fiscal 2013. Net Income)

150,645

-

 

(4,664)

 

2012

£’000

33.7%

During the year the Group also acquired the remaining 33.3% of the issued share capital of MUTV Limited for a purchase consideration (including transaction costs) of £2.7 million. The Group now holds 100% of the issued share capital of MUTV Limited

New Crown Casino opens in Perth, reports Online Casino Australia

Work began in 2004, and has been ongoing for the past eight years.

The renovation has involved a substantial upgrade of the existing casino infrastructure and property developments aimed at catering to the high-end Asian tourist market. It is hoped that this will make it more attractive to international and interstate visitors, especially those from the strategically important Chinese market. We believe in this city, we believe in this state, we think as a company we are lucky to be here.”

http://www.watoday.com.au/wa-news/burswood-casino-to-be-crowned-20111214-1ou6n.html

SYDNEY–(BUSINESS WIRE)–Crown Casino Executive Chairman James Packer has announced that its major renovation of Perth’s Burswood casino has been completed, and that the massively-overhauled casino will be renamed Crown Perth, reports Online Casino Australia.. “Things like golf are part of trying to build a tourism destination that is truly world class” said Mr. “We want to do much more here. The casino has been subject to a huge makeover, with Crown Casinos spending more than AU$750 million on the project. The new casino will be placed in direct competition with other integrated resorts in the Asia Pacific region, which has seen huge growth in recent years despite the global downturn.

-ENDS-

Sources:

This makes it the second Crown Casino complex in Australia, and the third in the world. The increasing use of mobile devices such as tablets and smartphones has opened up a whole new market to online casinos, which were previously restricted to providing gaming via fixed-line internet services.

The name change is intended to capitalize on the international reputation of the Crown Resorts brand.

The growth in Casino resorts in the Asia Pacific region has been matched by growth in the online casino market. Packer. These include the Sky Room, an exclusive gaming room aimed at high rollers where the gaming tables look out over the Swan River, three private jets to bring international VIPs to Australia, and two mansion suites that have cost over AU$11 million each to build.

http://en.wikipedia.org/wiki/Crown_Perth

There are also plans to construct a new golf course to replace the old one, which is now the site of the new Perth stadium

The Curious Backstory to Liverpool F.C.’s Crazy TV Rights Money Grab Plan

All Rights Reserved.

Last Updated Oct 12, 2011 11:17 PM EDT

Barcelona and Real Madrid are exceptionally wealthy and well-placed to dominate in Europe while the rest of La Liga begin just about every season playing for third. Shankly was a socialist, and Ayre doubtless can recite by heart Shankly’s famous football management maxim: “I believe the only way to live and to be truly successful is by collective effort, with everyone working for each other, everyone helping each other, and everyone having a share of the rewards at the end of the day.”

In other words, Ayre does know what he is doing. In 1997âEUR”98 all three promoted clubs were relegated at the end of the season.

That’s a suicidal move from Liverpool’s point of view — the other Big Four clubs, arguably, have larger worldwide followings than the Reds do. Could it be that he only floated this plan in the media, knowing the reaction it would get, to surreptitiously convince his American bosses that bidding individually is a really bad idea? Hmm.

Sure, Ayre’s suggestion would leave Liverpool much richer than it is now because, as he says, millions of people in Asia and the U.S. Why would Ayre back a plan hatched by people who admit they don’t know what they’re doing? Consider that Ayre was born in the same postal code as L.F.C., scored a penalty in front of the stadium’s Kop terrace at age 14, and grew up as a Liverpool fan during the period when legendary manager Bill Shankly (pictured) was in charge. What it is about the last 19 years that Ayre doesn’t get?

Every year in the Premier League, the three bottom clubs are relegated to the league below and three are promoted up to take their places. Indeed, over the past two years, no club has finished within 20 points of either Barcelona or Real Madrid.

Henry … We knew virtually nothing about Liverpool Football Club nor EPL.”

It already doesn’t work

Similarly, the Premier League itself is already a version of Ayre’s plan. We feel we deserve the fruits of our labour. Henry and his lieutenant, Fenway Sports Group chairman Tom Werner, both seem to believe that Asian TV rights are the key to Liverpool’s future finances:. buy cable TV packages to see Liverpool and not Bolton or Wigan Athletic. found Liverpool compelling, particularly the club’s supporter base in east Asia.

Boston Red Sox owner John W. It was formed when the top clubs decided they didn’t like the four-division Football League because it shared too much TV revenue with second-, third- and fourth-division clubs. In Spain, La Liga has exactly the system Ayre is proposing. The birth of the Premier league resulted in a decrease in competitiveness: Of 45 teams that have competed, only four have won the league since 1992. Ayre’s plan would upset this delicate balance and send the vast majority of the League’s media revenues to the Big Four clubs: Manchester United, Chelsea F.C., Arsenal and Liverpool.

Image by Wikimedia, CC.

© 2011 CBS Interactive Inc..

Asked what he knew about English football, and Liverpool, before an email from a Fenway Park employee alerted him to the Merseyside club’s financial difficulties last August, Henry replied: “Very little. That is the difference with the EPL. The Liverpool chairman said the amount of money they are forced to share, however, is a source of resentment: “We realise we are part of a league, but we feel the burden on the top is higher than appropriate. managing director Ian Ayre appears to have gone crazy, judging by his suggestion that clubs in the English Premier League should sell their own TV rights for whatever they can command, as opposed to the current method where the league sells them en masse and clubs share the revenue equally.

Or is he, as I reveal at the end of this item, crazy like a fox?

These aren’t opinions — they’re established economic facts. If we can generate interest in Liverpool here and around the world, we will benefit from that.”

In every season except 2001âEUR”02 (Blackburn Rovers, Bolton Wanderers and Fulham) at least one Premier League newcomer has been relegated back to the Football League. The result, per The Telegraph, is:

What Ayre knows that Henry doesn’t

The key quote from that Guardian interview is in the fourth paragraph, where Henry confesses that he literally does not know what he is doing:

Werner explained that baseball teams share a proportion of income from tickets, merchandising and broadcasting, to ensure more level competition between big and small teams. Liverpool isn’t one of them. Usually, those three teams are treated as target practice by the established Premier League sides, which have been enjoying Premier League TV revenues for years:

Liverpool F.C. But he’s missing the point: The beauty of the Premier League is that on any given Saturday Wigan and Bolton are still strong enough to beat Liverpool — or any other team — as long as they don’t slip up. They may profit more handsomely from Ayre’s plan and pull away from Liverpool, as a “Big Three,” permanently.

Related:

Werner admits something similar

Mysteries of Corn – InfoBarrel

Whenever you take a bite from your corn of a cob, you will now think about the history and the legacy of yummy corn!

 

       Corn comes in many unbelievable colors that are not seen or heard of often.

 ——

Different Ways of Eating Corn

   

 


   The mysteries of corn is finally revealed. The whole kernels can also be reserved for delicious popcorn.

Different Ways of Using Corn

Taco Bell’s Black Jack Taco

What is corn?

    Corn, also known as maize, is a grain that has been under human cultivation for over 20,000 years. Corn has a long lived history that doesn’t get too much attention. Indian Corn, a variety of flint corn, is the usual name used to label all the colors of corn produced by Native Americans. Corn can be mysterious when you don’t know much about it. The discovery lead to different flavors of popcorn such as butter, cheese, caramel, garlic, and many other types of flavors for popcorn. They produced red, blue, magenta, yellow, orange, black, purple, brown, and even multi-colored corn. Surprisingly, those two traits that describe corn are not the only good things about it. The United States produces over 270 million tons of corn every year and with that amount of corn, it is processed to meet everyone’s daily needs. Indian corn today are used for decorative purposes only but Indian corn can still be grounded to make flour, corn chips, and tacos. The taste could be compared to hominy, which is used to make grits, but the Indian corn wouldn’t hurt you because it is all starch.

     During the early stages of corn, the kernels are filled with sugars, but as corn ages, those sugars break down into starches. Corn milk is used as an alternative to cow’s milk. Corn isn’t just a yellow vegetable anymore. Raw corn does contain Magnesium, Phosphorus, and Vitamin C, which are not found in cooked corn.

  Do you remember that special promotion Taco Bell had on Halloween? Taco Bell was promoting their new Black Jack taco only made for the month October. Yellow corn is considered to have interesting levels of disease fighting Phytochemicals, including Lutein, which may help protect the eyes.

     Raw corn is almost inedible. Corn may come in different shapes, sizes, and different colors. Corn is also turned into fabrics, bags, drinks, paper, ethanol, and thousands of other ways!

   Corn is the color yellow, and it is a delicious side in any meal. With the taco’s intriguing black shell, it attracted enough people to be interested in buying the Black Jack taco.

 

 . The benefit of this plastic is that it doesn’t require no type of oil. Corn is also low in saturated fats, cholesterol, and sodium. Corn Milk, a method started in Asia, is another way of using corn. It works well when you want to drink your water, coffee, and other beverages. Once corn plastic is manufacture, it releases fewer toxins than an original plastic bottle made from oil. Sweet corn is eaten by humans on the cob, dent corn is used as animal feed, and flint corn is Indian corn made into multiple colors. It is not poisonous and it is edible, but the corn is extremely hard enough to ruin your teeth. Corn Plastic, a type of bioplastic, is just like any other plastic. Popcorn was a food discovered by Native Americans thousands of years ago which makes it one of the most oldest forms of corn. Those two traits are the main thoughts of some people, because they think corn is just like any other vegetable. Corn has three main varieties: sweet corn, dent corn, and flint corn. Here are the mysteries of corn:

    Since tacos are usually made with cornmeal, there is a likely chance that the Black Jack is made from corn meal too. It’s texture, color, and taste categorizes corn as a vegetable instead of a grain, but corn is also considered a fruit because of how sweet it can be. Since corn is the most-grown grain in the world, it is shared between humans and animals for food.

   

Unique Colors of Corn

 

Nutritional Value

      In Modern Society, Corn is made and distributed in different ways. The English who came to America learned about corn from the Native Americans. Corn is a good source of Vitamin A, Carbohydrates, Dietary Fiber, and Proteins. The colors can come in handy when it comes to attracting and repealing pests.

     If you cooked Indian corn and ate is right off the cob, it would taste bland. The only difference is that the corn meal is made from black corn!

Corn is usually eaten by eating the corn from the cob, but it can be cooked and formed in many ways, such as making popcorn and cornmeal. Corn was first discovered and used by Mesoamericans, and the crop soon began to travel country to country. Chips, tortillas, bread, syrup, and many other foods are made with some form of corn to give the food it’s desirable taste.

    As any other food or vegetable, corn has a nutritional value that should be known. Creating a different color of corn was caused by cross-breeding the corn genes. Without cooking corn, our bodies will not be able to break down the cellulose of the corn kernels

What sports betting can teach investors

In-game sports betting has no such effect. For an “expected” goal (i.e., the “favorite” team scores first) or only moderately surprising, bettors tend to underreact.

– Bettors tend to overreact when the goal is very surprising.

– While participants can develop a profitable betting strategy, under- and overreaction are corrected within minutes; their strategy earned a profit of 2.8 percent after commissions if the bets are placed two minutes after the goal, and 0.8 percent after six minutes.

© 2011 CBS Interactive Inc.. However, this is difficult to measure, because information shocks are often accompanied by other news that impacts markets. Events in the Chelsea-Newcastle United match have no effect on in-game betting of Manchester United-Aston Villa.

In-game soccer betting can show us how we react to surprises in investing.

What implications do these findings have for financial markets? The authors suggest that they can be expanded, for example, to study the reactions to news of company earnings — studying the degree of shock (such as the reactions when earnings surprises are large or small). Courtesy of Flickr user JaeYong, BAE

At the very least, the findings of this study can help you to understand, and hopefully control, your own reactions to financial news. Studies from the field of behavioral finance have concluded that investors slowly react to earnings news because of overconfidence, and they underreact based on the tendency to hold losers and sell winners (also called the disposition effect). They note that while investors underreact to most earnings news (since most surprises are small), it’s possible that a subset of firms with large surprises would have overreaction if investors overweight salient information.

The authors propose that these reactions are based on behavioral phenomena known as “anchoring” and “information salience.”

The authors discovered that:

– Whether bettors overreact or underreact to the first goal of a match depends on how “surprising” the goal is. All Rights Reserved.

They also note that their findings may help shed some light on the underlying mechanism of momentum. (If you’re interested in other parallels between sports betting and investing, pick up a copy of my book Wise Investing Made Simple.)

The paper, “The Role of Surprise: Understanding Over- and Underreaction Using In-Play Soccer Betting,” examined reactions to goals and how they effected betting patterns and payoffs.

A new study looks at how people overreact and underreact to goals when betting on soccer in the middle of games. While it may not help you earn money from your bookie, its findings may help you understanding investing a little better.

Bodog.com Preakness Odds Favor ”Afleet Alex” at 5/2 over Derby Winner Giacomo at 6/1; Leading Online Sportsbook Bets Preakness Wagering May Surpass Kentucky Derby

Going Wild; 30-1

While plenty of sports analysts, writers and commentators are offering their own opinions on the Preakness’ outcome, Bodog.com lines and odds show what the fans, placing approximately $1 million or more in wagers at Bodog.com, expect before Saturday’s race.

The last time the Derby winner did not go off as the Preakness favorite was 2001, when Monarchos was the slight second choice behind Point Given, who won the race. Giacomo’s unexpected victory at Churchill Downs also made a winner of online sportsbooks like Bodog.com, resulting in a 40 percent hold (profit). Galloping Grocer; 30-1

9. Greeley’s Galaxy; 13-1

5. (For the most up to date odds see http://bodog.com/sports-betting/horse-racing.jsp)

“Most bettors go with the expected favorite,” said Calvin Ayre, founder and CEO of Bodog.com. Ayre says wagering on the Preakness is likely to be even greater than the Derby because many more people will be motivated to bet long shots with the hope of striking it rich.

Ayre says, “We’ll have to wait and see if the betting patterns change that.”

Bodog.com Sports Casino Poker located in San Jose, Costa Rica, is federally licensed by the Costa Rican and UK governments. Bodog.com Poker Sports Marketing Conference, www.bodogconference.com, will take place in Las Vegas July 6 7, 2005, attracting the leaders of the online gambling industry.. The average hold on a horse race for the Internet books is just shy of 20 percent.

SAN JUAN, Costa Rica–(BUSINESS WIRE)–May 20, 2005–Despite a stunning victory in the Derby as a 50-1 long shot, Giacomo currently lists longer odds (6/1) from online sportsbook Bodog.com for this Saturday’s Preakness than three horses he defeated: Afleet Alex (5-2), High Fly (9-2) and Closing Argument (5-1). Ayre added that although six of the last eight horses that won the Kentucky Derby have also won the Preakness, this year’s 50/1 long shot Derby win by Giacomo is likely to mean that trend won’t continue. High Fly; 9-2

3. Sun King; 15-1

11. Bodog.com is valued at over US $1 billion and ranked in the Power 25 online companies by eGaming Review. High Limit; 12-1

12. Closing Argument; 5-1

8. Hal’s Image; 50-1

7. Wilko; 10-1

10. One of the pioneers in the field, Bodog.com is the top ranked US facing online gambling brand, with highest site traffic amongst US gaming web sites according to Hitwise. Noble Causeway; 10-1

4. This is why the horse fell behind three more consistent runners in Bodog.com’s odds for the Preakness.

A long shot win at Saturday’s Preakness may prove to be even more profitable yet. Afleet Alex; 5-2

13. “In this race,” he said, “the betting strongly favors the favorites.”

Post; Horse; Odds

1. Scrappy T; 20-1

6. “The Preakness has always been a gambler’s race for a host of reasons. Malibu Moonshine; 20-1

2. Coming just two weeks after we’ve seen many of these horses run in the Derby, the Preakness comes as a shorter race with a more limited field.” He added that many of the factors that lead to upsets like the Derby were eliminated. Giacomo; 6-1

14

Cilantro Recall Update: Grower Claims There Is ‘No Recall’

How about yours?

Healthy people infected with salmonella often experience fever, diarrhea, nausea, vomiting, and abdominal pain anywhere between six and 72 hours after ingesting contaminated items, according to the health department. A cilantro recall has been issued due to concern over possible salmonella contamination. Or has it? There are conflicting reports in the media right now as to what is happening with this alleged recall.

However, the grower, Rick Antle from Tanimura and Antle, is wholeheartedly disagreeing with the release from the Monterey County Health Department and insists that there is actually no cilantro recall at all. Type in keyword cilantro and you will only get results for recipes.

Photo Credit: Rebecca Wilson via flickr

They are claiming there have been no illnesses reported to date. In rare cases, more severe illnesses may develop.

On the other hand, the Monterey County Health Department is responsible for reporting any health concerns that could effect the population, and therefore may have a tendency to overreact.

Now, the tough part here is deciding who to believe in all of this. In fact, a brief search on the grower’s website contains no mention of any cilantro recall or salmonella scare whatsoever. Since Tanimura and Antle surely want to protect their company reputation from a cilantro recall scandal, they might be inclined to underplay the seriousness of the issue.

Either way, there aren’t too many people out there that would like to play Russian roulette with salmonella, so for the sake of safety the cilantro recall should be taken seriously.

According to Central Coast News:

According to Mercury News:

According to a release issued to Central Coast News, from Monterey County Health Department, the cilantro has been on store shelves since January 14. Well, vomiting, diarrhea, fever…no thank you! Just in case, there certainly won’t be any cilantro served for dinner tonight in this house. The twist-ties contain the words “Produce of USA, Cilantro #4889? and have a blue Tanimura Antle logo adjacent to the UPC code 33383 80104.. The cilantro was sold in bunches containing a white twist-tie printed with blue lettering

Benefits Of Using Thermal Paper With Your POS System by Arianna Jordan

Reliability is often associated with thermal paper. Some of the thermal papers are designed to work at different temperatures, and some are resistant to things like waters, oils, plastics, and adhesives. One of the main benefits to thermal paper and printing is the high definition printing that you can get using thermal paper. Of course, less impact parts means no noise as well as less parts to break and need to be replaced.

There are several advantages to using thermal paper with your POS printer or with any of the other systems that might use thermal paper. Thermal paper is something that you can purchase easily with all of your POS supplies, and once you have the right thermal printers installed, you will find that it is much easier to use.

Another advantage to using thermal paper is that the paper and the products that come with it are both very easy to handle in all of the applications that take thermal paper. Thermal paper is something that is quite easy to use, and it is a product that has many advantages as well. With thermal paper and thermal printers, there are very low maintenance costs, which mean that you do not have to spend a lot of time, energy, or money making sure printers are working or fixing them. When you are choosing thermal paper for your POS system, it is important that you look at the different types of thermal paper available. The print is clearer, more readable, and is more defined than it would be from other types of printers or printing processes.

Thermal printers and thermal paper offer a high functionality no matter what the conditions might be. Thermal paper is also reliable when it comes to the actual printing, meaning that the printing will be clearer, and will be less likely to be smudged.

Look closely at the type of instruments that you have, and then figure out if you would be able to use thermal paper or printer elements with those systems. This means that if you have unusual situations in which you need to use a printer, or if you are going to be printing with other elements nearby, you might want to employ thermal paper, because this will give you a better chance of having your printing be clear.

Another benefit of thermal paper is in the way that the thermal paper printers are set up. Remember that thermal paper can be used for just about anything – ticketing, banking and financial, kiosks, gaming and wagering, transportation, parking, and of course, POS. Unlike other types of paper, which might be more difficult to load and alight, thermal paper is actually quite easy to manipulate.

There are several benefits to using thermal paper for your POS system. Not only that, but thermal papers have a low noise quota ? because the printing process is non-impact, meaning that there aren’t actual printer ribbons to print on the paper ? it is all done through heat transfer. It is important to understand what thermal paper is, and how it works. The printer has a head on it that helps to contain the heating elements and allows them to work correctly.. Thermal paper and thermal printers print much faster than other types of printers ? so if you are interested in having your things printed quickly and effortlessly, thermal printers and paper might be the way to go.

Not only is thermal paper faster and easier to use, but it looks better too. Once you have realized how helpful thermal paper can be, you should be able to get a lot of use out of it. This means that although there are lots of benefits to thermal paper and printers, you still need to be sure that you are using the right types of systems for the right elements.

Another benefit to thermal paper and thermal printing systems is the fact that the printer speed. There are fewer moving parts in the printer, which means that the only part that is actually going to need to be replaced is the paper itself. When using thermal paper, you should have fewer occurrences of paper getting jammed, and of the machine not working correctly. When heat is transferred to the paper, the images are made. Thermal paper is paper that is coated with color forming elements, which produce the right type of image when the paper is heated.

This description indicates that heat plays an integral role in the printing process of thermal paper