CIG UK financials released
Source: https://www.reddit.com/r/starcitizen_refunds/comments/q93wti/cloud_imperium_uk_group_financials_1007559_paid/
Worth keeping in mind this does not show the whole picture, its UK only. If CIG were to release their full financials there are no obligations to do so for the US company and no obligations for them to get them audited by a third party.
UK has only 4 million in cash but this doesn't mean much since CIG has a load on companies and can move money between them. Most likely this is their slush fund for running the company in the UK. If they were holding a majority of their reserves in the UK then it would paint a very bleak picture, but that's not likely.
I am very curious about this line though
What don't CIG want people to know?
Still getting UK tax credits for being a "British" game - lol, the barefaced cheek. 5 million!
Erin signed it, so he's still alive.
1 million in dividends paid to shareholders. Worth keeping in mind, this is backers money going into the pockets of shareholders and its not salaries. Its discretionary, the board voted to given themselves this money. Assuming this was done based on % of shares, the Roberts family just took for themselves the better part of 1 million.
Highest paid director (presumably Erin?) salary was close to 300,000 pounds. Nice gig.
Looks like CIG UK is the parent company for CIG Germany. Didn't know that.
432 employees - wow, that means UK/Germany has more employees than the US if CR's 700 people working on SC number is right, although we don't know if it includes third parties or not.
Worth comparing with previous years. As I understand it cash on hand and equity are way down from 2019 - burn rate probably massive now with so many employees.
Hmm.. not sure if the same as dividends, but mention of 1 million from shares moved to profit and loss. Did someone cash out?
Is there an accountant in the house?
@Yaffle - you up for it?