Category Archives: Accounting, Business & Finance

This is a place for the professional-related stuff I do from time to time. A lot more can be found on

I’m still getting the hang of doing galleries…

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This doesn’t look like I thought it would, but what it is is actually four photos from the International Business Forum website – the Christmas party event at which I was asked to be the auctioneer for the evening’s charity auction, so you can see me here in the best bib and tucker. I just took the ones with me in but you can see more on the site

What I found gratifying was that the shots of others taken while I was talking as auctioneer looked as if people were enjoying the humour. They had completely different faces to the ones during the serious bit before where the people running the Pink Crocodile charity talked about the difficult conditions of the kids they are helping. People looked a bit stressed by that, nobody likes suffering, much.

But people gave generously in the auction, we sold everything for good prices, and I hope my jokes didn’t upset too many people!

Some footage from my actual auctioning should be coming up in the not too distant future on video too!

Excel from the DCF Lesson

This article shows the spreadsheet I made to illustrate the DCF lesson on YouTube. The image that comes next before the table, has nothing to do with it but it came up on the “content enriching” function, and it looked interesting, so I thought I’d share it with you at the same time.

For those wishing to see the DCF lesson, here it is:

Obstacles to the free flow of information online.

Countries impeding the free flow of information on-line

Cost of Capital
Time 0 1 2 3 4 5 6
Cash At Start 100,000
EBITDA (100,000) 20,000 200,000 300,000 350,000 350,000
CAPEX (50,000) (30,000)
FCF 100,000 (150,000) 20,000 200,000 270,000 350,000 350,000
Annuity Value 2,333,333
Discount Factor 1.0000 0.8696 0.7561 0.6575 0.5718 0.4972 0.4323
DCF 100,000 (130,435) 15,123 131,503 154,373 174,012 1,160,079
Value of the Business 1,604,656
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