If the yearly cost increased by 20% (14.5M GBP to 17.5M GBP), then the currency devalues by almost 20% with the company working with Dollar, it evens it out.
Means that the company needs to put almost 20% fewer dollars in the UK to pay the same amount of GBP (tax-wise for one US company should be around the same).
So having one scrubbish superficial poke at it...
2015 did cost ~22million (USD)
2016 did cost ~23.6million (USD).
Say 2017 costs the same GBP amount as 2016 (17.5M), and assuming GBP maintains its current rate, it would cost them ~22million USD.
Imagine 2017 and GBP with its 2015 rate and a cost of £17.5M they would have to put up more 4.6million USD.
As I said, the exchange rate obviously needs to factor in, however it is not enough by itself to explain the discrepancy of an additional 90 members of staff being added in 2016 (a 70% increase on 2015), that in itself is almost $9M more in expenses.
Anyway, it turns out there was around £4M ($5.3M) deferred via UK TAX break, so that in combination with the exchange rate fluctuation largely balances out the additional costs of those 90 new employees.
It also shows thats 8 hours of their time for a regular work week I asssume.
Not trying to say they dont work over time, but imagine if they got together and worked on something else on their off time.
Thats 22 million USD worth of potential of potential product they can make money on if they make another project worth as much as a tripple A game.
So the point is, they are roughly worth 22 million dollars a year as a group for every regular 8 hours of the working day. Worth up to 66 million if they cure the need of sleep.
Write bad things that are done to you in sand, but write the good things that happen to you on a piece of marble
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As I said, the exchange rate obviously needs to factor in, however it is not enough by itself to explain the discrepancy of an additional 90 members of staff being added in 2016 (a 70% increase on 2015), that in itself is almost $9M more in expenses.
Anyway, it turns out there was around £4M ($5.3M) deferred via UK TAX break, so that in combination with the exchange rate fluctuation largely balances out the additional costs of those 90 new employees.
Not trying to say they dont work over time, but imagine if they got together and worked on something else on their off time.
Thats 22 million USD worth of potential of potential product they can make money on if they make another project worth as much as a tripple A game.
So the point is, they are roughly worth 22 million dollars a year as a group for every regular 8 hours of the working day. Worth up to 66 million if they cure the need of sleep.
Write bad things that are done to you in sand, but write the good things that happen to you on a piece of marble