Tag: accounts
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Nationalist Party presents accounts: debt and income both increasing
Yesterday, the Nationalist Party submitted its accounts to the Electoral Office. You can find the accounts for 2024 here. Before paying debts (impairments) the Nationalist Party has declared an operating profit of €295,226, with the operating profit for 2023 coming at €1,496,956. PN paid up to €1 million in impairments and debts in 2024 and…
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An interesting view of the Labour Party’s accounts for 2024
Yesterday, the Labour Party submitted its accounts to the Electoral Commission for 2024. The Labour Party’s finances are not very rosy but they aren’t very troubling either. The party registered a €1 million in deficit spending for last year, compared to a €400,000 surplus for 2023. Overall, the Labour Party increased its expenditure from €1.46…
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A long history of paying employees with cash from a room full of cash
The account charged in Court with money-laundering, who is suspecting of being a money-laundering front for Joseph Muscat, is currently having trouble saving his company, Ennesse, after his assets, including the company’s assets were frozen. Nigel Scerri has turned to pay employees fully in cash after his bank accounts were frozen and is threatening some…
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I was bailed out by Joseph Muscat and Keith Schembri, and today I still can’t make a profit – Saviour Balzan
It’s like a business from the Soviet Union: MediaToday that runs MaltaToday that is. Only, by Saviour Balan who has the temerity to call others a “financial mess”. MediaToday’s situation in 2011 when it was indebted to its suppliers, banks and contractors with no cash to pay it back: Today, external capital injection is still…
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System collapse
I have had a total system collapse today after a virus infected my operating system. I have recovered the Windows operating system and also found and deleted the virus, but during this process, I have lost a lot of data, emails, passwords, and sensitive stuff that I need to operate with. I will do my…
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A brief look at Dragonara’s Casino accounts for 2022
Today, I took the pleasure of immersing myself into the world of casino accounting, which was quite a new experience for me and rather strange which left me with many questions. The Dragonara Casino (Dragonara Gaming Ltd.) is the leading casino in Malta in terms of revenues and profits and is larger than the Tumas…
