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blankseplocked CCP not doing well financially? I beg to differ
 
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Redflare
Caldari
Black Metal Armory
Slammer's Republic
Posted - 2011.08.11 07:39:00 - [31]
 

Originally by: Kijo Rikki
Link to said leak?

Also, a 70$ monocle says someone is hurting for profits.


I have no idea what anyone else in this thread has said. I only want to respond to this one person! (raaaaaaage!!!)

When someone is starving on the street in desperate need of money for food, one does not try to sell their torn-up leather jacket for two hundred dollars!

Cyaxares II
Posted - 2011.08.11 07:39:00 - [32]
 

Edited by: Cyaxares II on 11/08/2011 07:42:54

They are profitable because they accumulate huge code assets.

As we like to believe that DUST will fail horribly part of these would be worth next to nothing. And if WoD fails the value of the whole "Carbon" development would be diminished (especially as CCP refuses to license this technology to other parties).

CCP does ofc operate on a going concern basis (as opposed to liquidation value) and assumes DUST will be successful.

If DUST (and later WoD) are successful there is no problem.

Marcus Harikari
Posted - 2011.08.11 10:37:00 - [33]
 

I hope DUST514 is successful :) seems like an awesome concept. Too bad I don't have a console system. Maybe this could motivate me to buy one.

Kijo Rikki
Caldari
Point of No Return
Waterboard
Posted - 2011.08.11 11:49:00 - [34]
 

Originally by: Stella SGP
Originally by: Kijo Rikki
Originally by: Stella SGP
Edited by: Stella SGP on 11/08/2011 03:31:09
Originally by: Kijo Rikki
Link to said leak?

Also, a 70$ monocle says someone is hurting for profits.


Lol? Louis Vuitton must be DYING for profits then?

Edit - Let's keep it to vanity items only.


I don't know who Louis Vuitton is but after gandering at his website I think its safe to assume that its very high end clothing and he must be a world renowned designer. You're comparing his products to a non-existent one that costs more than actual clothing us normies buy from the local department store. While it may seem asinine to pay 450$ for an actual belt, its still a far cry from paying 70$ for a digitized monocle.

I think the analogy you need to put in your head is if Farmville started selling golden sheep or something for 70$. Then you'd have to ask yourself 'Why?'


You main issue here is overpricing of items, regardless of whether it is virtual or real, the concept remains the same.

PFFFT! Monocles and Golden Sheeps are NOTHING!


Quote:
but Glu Mobile has taken the idea to a new extreme with a Gun Bros. weapon worth nearly $500...

...Glu posted a reduced loss of $3.2 million for the fiscal quarter ending March 31 on decreased revenues of $16.4 million.


Was an excellent read, thanks.

hellbent uglavitch
Posted - 2011.08.11 11:53:00 - [35]
 

Originally by: Spec Builder
I'm not sure why the Eve community thinks CCP is not doing well financially but when I reviewed the leeked Balance Sheet and P+L they had a profit of about $10 million. You have to understand the goal of most small companies is to show as little as possible profit because corporations pay higher taxes than individuals, typically. I know this applies to the US for sure. As I recall they had approx $8 million in depreciation in 2010. This is a paper writeoff, ie. profit. I am at work now and I don't have the pdf version of the sheets here with me but I would hardly say they are hurting for money, new players maybe but not money. With all the fuss about that document I'm a bit surprised CCP CFO or of similar rank hasn't set the community straight.


It was never leaked Ltd companies need to post their accounts for all to see. It was public information. Next time before you start going on about how CCP does not have any financial problems, learn how companies work.

Hel O'Ween
Men On A Mission
EVE Trade Consortium
Posted - 2011.08.11 12:43:00 - [36]
 

Originally by: Tippia

Oh, and another comment on the whole economic state of CCP: I'm fairy convinced that the NeX is not about making money, or they would have put perishable goods in there at normal MT prices. Instead, it's a tool for them to reduce liability by removing PLEX (or, more specifically, the deferred service they represent) from the economy and thus remove service debt from their books.



You're mistaken by that assumption as PLEX are not treated as liabilites, as was figured out on FHC by digging throught the financial report. They count as revenue the moment they're sold.

Long term susbscriptions OTOH are accounted as liabilities.

Tippia
Caldari
Sunshine and Lollipops
Posted - 2011.08.11 13:39:00 - [37]
 

Originally by: Hel O'Ween
You're mistaken by that assumption as PLEX are not treated as liabilites, as was figured out on FHC by digging throught the financial report. They count as revenue the moment they're sold.
The PLEX itself, yes, they still have to account for that service that will not be rendered in x number of weeks/months/year, and that service-yet-not-rendered is a debt they have to deal with. Whether or not it shows up in the financial statement or not, I don't know if they don't, then yes, that makes the accounting look nicer and less problematic.

It's still something they have to keep tally of since that service can be called in at any time and incur running costs that aren't balanced against a simultaneous input of cash, and they need to know how many of those are in the system to know how much is tied to these deferred services.

Uuali
Posted - 2011.08.11 14:10:00 - [38]
 

Mark my words. Everything CCP is doing is to look good for a Sony buyout.

You can deny that all you want at this point but that's what I'm betting my imaginary money is on.

Just wait and see. In two years time you'll just laaaauuuggghhh.

Cipher Jones
Minmatar
Posted - 2011.08.11 14:16:00 - [39]
 

Quote:
Me? I'll keep playing eve until it goes P2W or becomes unplayable. I wish CCP the best with Dust (won't play an FPS on a console) and WoD (not interested in Emo Teen Vampires Online). Hopefully, they'll heed some of those warning bells that are going off, though.


You entire post was brilliant except for the mild slander at the end, WoD will attract many middle age female gamers. They are by far the biggest gaming demographic, but the smallest MMO demographic.

Wumpscut 4lyfe
Posted - 2011.08.12 00:03:00 - [40]
 

Corporate accounts are drying up for EVE. If you ever thought that EVE has introduced half-assed expansions before, you have just received the final half-assed expansion. People wonder why the actual good developers have left, as well as the old playerbase. Doors are going to be shut to the remaining metrosexual playerbase that still logs in. Done.

Vlad Moliko
Posted - 2011.08.12 00:11:00 - [41]
 

I doubt ccp is doing badly, a few years back they merged with a large table top role playing coming named White wolf. From that White wolf has worked on an eve table type games, and CCP is creating a World of Darkness MMO. Which will reach a lot different costumer base. Over all I think they are doing pretty well for them selves.

Tuggboat
Minmatar
Posted - 2011.08.12 02:14:00 - [42]
 

I wish them luck and hope they don't get ganked on any shortcuts :) And i hope EVE doesn't hold as much bad will towards us as many do to them. THat nerf bats pretty wicked.

luZk
Amarr
Jaegerkorpset
Posted - 2011.08.12 04:09:00 - [43]
 

Originally by: Kijo Rikki
Link to said leak?

Also, a 70$ monocle says someone is hurting for profits.



With that kind of logic Apple computers are not making money as their product is very overpriced right.. riiiight?

KHAAN DRAKE
Gallente
Bancor Mercantile Franchise Incorporated
Posted - 2011.08.12 05:29:00 - [44]
 

yea, i'll bet BP paid a S--t load of Taxes! LOL Who do you think get's these Butt puppets elected?


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