Originally posted by polarathene
View Post
I wouldn't think each staff member is earning in the six figure range either, but apparently the 40-ish million estimate at that was way off since it's over 60 million spent on staff..
Feel free to throw that figure on top of what is apparently 62 million to staff costs. Are they paying for that many consultants that the costs are drumming of millions annually? If so they might benefit from hiring more talent if there's a common set of expertise they were getting consulted from.
Yeah sure, and I said I could think of some things that contribute to the cost but not anywhere near another 40+ million. Leasing offices isn't going to cost you tens of millions for a company that size per year :/
Computers aren't something that'd be refreshed every year either, you buy the hardware and enjoy benefiting from it via asset depreciation when it comes to dealing with tax. Infrastructure wise, at their size and proficiency/expertise, I'd assume the staff were capable of doing that in a cost effective way as well, such that it shouldn't be costing in the tens of millions annually either...
Another is handled by accountants, which when you have multiple companies such as Canonical has, you can shuffle the debt/tax around. Operating at a loss can have it's advantages when it comes to tax, it may have been more advantageous to adjust financials based on how other parent/sibling companies and the like are dealing with their own financial years, claim the maximum tax benefits.
Leave a comment: