All a bit complicated for me. Looks like they paid £0 tax in the UK as a company and Erin's package is worth $295k (£230k). Those were the two objective facts I could take from the filings.
The Star Citizen Thread v9
- Thread starter Yaffle
- Start date
All a bit complicated for me. Looks like they paid £0 tax in the UK as a company and Erin's package is worth $295k (£230k). Those were the two objective facts I could take from the filings.
Nice to see the SC devs play ED.
We need Kerrash on the case, he's a bean counter of some kind as i recall.
so hurston seems to be almost ready..
why they don't upload it in the PTU at least ?
...hmm i fear something in there.
Harbinger
Volunteer Moderator
My take:
Where are they getting the money to pay all their other employees worldwide because that $34.9m is gross earnings? It may not be taxed in the UK* but I'm sure the IRS must be taking their cut which would mean you could probably bump that number by another 10% or so.
* Can't be sure on this one but I don't think they include VAT on the crowdfunding data.
Where are they getting the money to pay all their other employees worldwide because that $34.9m is gross earnings? It may not be taxed in the UK* but I'm sure the IRS must be taking their cut which would mean you could probably bump that number by another 10% or so.
* Can't be sure on this one but I don't think they include VAT on the crowdfunding data.
It is very easy to change percentages to complete. Fact 3.3 has even't hit public yet just shows that you can claim progress, but you can't claim that it is ready to be shown to public.
Only to the US parent, which is why *I think* F42 has started reporting their income as 'normal' profit/sales in 2017's accounts whereas in previous years it was clearly reported as rounds of funding from the US parent company.
This change is significant if for example you are applying for or paying off a bank loan and the company that funds your operations is embroiled in a law suit.
On fidelity and immersion: https://www.youtube.com/watch?v=x1TnXzMWK_4&t=155s
Jacques d'Orleans
Banned
Definition of Profit: Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business. Profit is calculated as total revenue less total expenses. /end quote
CIG is a profit-oriented business, their business is the sale of Video Games (SQ42/SC) and components thereof (virtual Space Ships aka jpegs) thru
That pledging bull never had a leg to stand on, except within the circle of "true believers".
I'm pretty sure nobody from CIG/RSI/Crobbers and his cronies will enter the stand and commit a voluntary false testimony while under oath, IMHO, not even they are that kind of stupid. (I might be wrong on that one tho.)
Latest CIG tax document tends to indicate they are financially sustainable
It's like reading the transcript from a support group.
It's like reading the transcript from a support group.
OK, I've released it. Now what?
Even if you paid $1,400 for that you've probably got better value for money.
At least they acknowledge that their dear leader is not entirely infallible:
As a game developer with, let's say to be charitable, modest programming skill that hasn't been updated since the 90s, [he] tried and miserably failed to make the uber space game with a comprehensive living universe. His product overpromised and vastly underdelivered, as his ego outpaced his ability by a considerable degree. [His] game was forcibly released in a barely-alpha state by [the publisher] after they lost their last shred of patience with his shenanigans and shoved out what they had to try and recover at least a bit of the [money] they spent on him.
Oh, sorry, it turns out they weren't talking about Chris Roberts, my mistake. I should have known because it doesn't mention the failed Hollywood career.
If the people still flushing money into the SC toilet want to pat themselves on the back for enabling Roberts and co to pocket personal fortunes, all the while engaging in sage head-nodding over the reality of mediocre game developer salaries, and trying ever-so hard to convince themselves and each other that a game that's been in development for 6 years and still doesn't have reliable doors or ladders is fun and cutting-edge, at a time when games like Red Dead Redemption 2 exist, well, bless 'em.
Let's quote their Lord and Saviour: "3 years and it's stale".
But of course we all know that SC has only ever been in dev for $DATE-2.9 years. [haha]
But of course we all know that SC has only ever been in dev for $DATE-2.9 years. [haha]
I was thinking the exact same thing when i read those lines.
As for the financial analysis, the maths look similar to what Harbringer wrote, but their conclusion is a bit different since they point of FD42 being around 64% of total staffing, so the numbers from their point of view are ok.
It's also completely missing the Sci-Fi vibe,
A video game doesn't need combatants "seeing each other visually". In popular science fiction space ship pilots use view screens to access their situation and make decisions based on the information displayed. Of course, view screens aren't the most futuristic thing, so head-mounted displays might be more fitting for such a setting. So you as a player see the same thing as the pilot: Something rendered by a computer providing you not with a fancy view of the outside, but with valuable information to solve your problem ("someone in weapons range wants to blow up your ship").
As a video game designer doing a space game, you have complete freedom in designing your gameplay loop and how "conflict" looks like. Only if you're really uninspired, you go for glass cockpits providing a useless view into the empty void of space, trying to visually chase another vessel with the "front" of your space ship.
However for persons who lived most of their lives in the 21st century and not the 20th century, biplanes combat is as relatable as medieval sword fights. And how the latter are depicted in video games has nothing to do with how real sword fights work at all.
So it's time to deviate from the over-used formula and come up with something new and interesting. I'm done with biplanes in space and chasing arrows.
Genuine Roberts is simply incapable of doing so.