Post by Helen on Aug 8, 2005 18:43:49 GMT
archives.tcm.ie/businesspost/2005/07/24/story6647.asp
24 July 2005
By Laura Noonan
Boyzone's retained profits doubled in the year to August 31, 2004, according to accounts just filed. Accumulated profits at the boy band's company, Lunaria, jumped from €273,000 to €557,000 during the financial year. The company was set up in 2000.
The most recent accounts show that the band was owed more than €720,000 from debtors at the end of the financial year, while it owed creditors just €260,000.
Lunaria had almost €98,000 in the bank, up from €41,000 the previous year.
At the end of the financial year the company's total assets stood at just over €557,000, up from €273,000 in August 2003. Another company, Kasama, a subsidiary of Lunaria, which was set up to manage Boyzone's tour earnings from abroad, reported a drop in retained profits from €65,000 to €25,000.
24 July 2005
By Laura Noonan
Boyzone's retained profits doubled in the year to August 31, 2004, according to accounts just filed. Accumulated profits at the boy band's company, Lunaria, jumped from €273,000 to €557,000 during the financial year. The company was set up in 2000.
The most recent accounts show that the band was owed more than €720,000 from debtors at the end of the financial year, while it owed creditors just €260,000.
Lunaria had almost €98,000 in the bank, up from €41,000 the previous year.
At the end of the financial year the company's total assets stood at just over €557,000, up from €273,000 in August 2003. Another company, Kasama, a subsidiary of Lunaria, which was set up to manage Boyzone's tour earnings from abroad, reported a drop in retained profits from €65,000 to €25,000.
