[MoF] - January Report 2: Spending, A New Computer and the Volatile MM
Bank of England
January Term:
Report 1: http://www.erepublik.com/en/article/-mof-january-report-1-org-tastic-2189836/1/20
Hello all!
Lots has happened since I last released a report. I have actually had two drafted up ready to release just to have some major changes occur making them pointless to release!
We have once again engaged in war. Supplies have often been open and damage has been bought. Just before this war started BigAnt asked me to stock a surplus of 10k Q7 tanks. This was bought quite some time ago (back when Q7s were over 10 each!). Since then we have topped up again with another 10k. This means that this term we have so far bought 20k Q7 tanks for supplying. That is a huge chunk of our expenses from this month. The tanks are kept half on myself and half on BigAnt, that way as long as one of us is online we can provide the suppliers the tanks for the battles. Our suppliers (this includes BA himself) have done a great job so far this term. All of the supplying has made it hard to keep track of all the expenses but I think I have just about managed it!
Slight disclaimer here. I have moved from my laptop to a desktop. I have tried moving everything to gdocs so that I can access all the data and release the reports from both computers if needed. For that reason the reports now look a bit different, however people always complained anyway
😃(P.s it still looks just as bad, if not much worse - again, if anyone wants to graphic these up to look nice, let me know).
Firstly, please see the below balance sheet.
As you can see there are two sides to our finances. The country account side is automatically tracked. Any cash that comes out of the country account is done via congress’ approval. So we have any MPPs and the £250k donation coming out of there while taxes are the only things going in. A simple sum of (Current Cash + Cash that has left CA - CA Level at beginning of term) / (Amount of days) gives you the amount of tax we have gained per day so far this term.
From the image it is also clear that the main expense we have seen is buying the Q7 tanks. We still have 9.3k of these left. There were 20k, not we have 9.3k, that means we have so far supplied 10.7k Q7 tanks this term. You can tell from our egov data that this is happening, our damage is pushing up lately.
The supplying part of the expenses is mainly buying damage. This is often done through specific MUs. Please don’t ask me about this, I am simply the guy with the wallet, it is the MoD and CP who buy and direct the damage.
The CtA cost has dropped massively. This was due to the cut in the amount of tanks we hand out per comment. It also seems to have made people lose interest a little in the program.
As for the small MM profit, that is due to the crazy MM. About a week ago the decision was taken by myself and Bigant to pull cash from the MM. The motto so far has been “Play it safe”, this turned out very beneficial. Between me going to bed one night and waking up the next morning the MM had gone from £338 to £240, it has now stabilised (very loose use of the word) at around £285. Had we not pulled the cash from the market and had all of our cash invested we would have lost £260k, a massive amount!
There was a recent investment proposal passed through congress recently, I will talk about that in my next article.
Lets look at an overview then shall we?
As you can see we have “lost” nearly £200k this term. Now the main cost of this is the Q7 tanks (which cost more than the 200k we have lost) and of these we have nearly half left still. They have depreciated in value since they were bought, however we still have a good stock to work with. I am informed by BigAnt that there will be no more buying damage so I would not expect that to rise.
I have also changed the layout of the data in this image. I used to have “Invested on the MM” count as all the cash we had on orgs. So any cash that was in the Bank of England, The CP account (an account with emergency funds available to the Country President should they need quick access to cash for any reason) and other orgs used on the MM all counted as one. Now I have split them up to allow things to be a little more clear and as I was redoing my spreadsheets anyway I thought why not!
Also, do not be alarmed by the £12.5k BigAnt has on his own account! The CP Org originally had 10k more cash which he moved over to buy damage this war. He spent £7.5k of that which is all included in the supplying section of the costs. So the £2.5k is the difference from that. The remaining £10k is the cash he received for the Australian MPP, the cash came out of the Country Accounts but as of yet have not gone back to them. Don’t worry! BigAnt is fully aware of what is going on.
We all love a bit of a taxes breakdown, therefore please see below for an overview of our taxes this month:
As you can see they are higher than any other month since I have been MoF. This is down to two factors, the higher taxes and the war. More tanks are bought during war, fact. You get more taxes when taxes are higher, fact. Both of these combined have given us more spending potential. Sadly, war does not coming without its costs so it doesn’t always financially workout!
In my next article I will be discussing long standing plans the MoF will be introducing on a long term basis. This will include the investment plan which Congress recently voted through.
Stay Tuned!
Carlini
Comments
It would be interesting to see how many Q7 went to eUK citizens and how many went to others
Excellent work, as usual
So that's what, a 400k gbp loss over two months? With 0 spending we should regain that in about 3 months or so...
@Jamie - Sorry, I am just not able to access those sorts of figures. Maybe the MoD can, but it seems unlikely.
@Sexagenarian - Thank you very much, appreciated.
@Keers - Indeed, war is an expensive thing, I did write in one of my reports about how hopefully Azures would show we can't afford that sort of thing every term. It seems this term isn't one of those terms.
A little worrying how much we've spent, but then the MoF eats what the CP poops as GoT says : £
Who needs a reserve anyway.
^ lol'd
Voted.
@Jimbojoy - as I have always said, I advise, but at the end of the day I follow my directions!
@Kain Propan - Boring people, lets spend it all! 😃
Talon increased our reserves by ~£365,000 over two months (+355K, +11K), BA has decreased them by ~400,000 in 6 weeks (-197K, -200K). I hate to point it out, but we literally can't keep spending more than we earn, especially when you consider that CoTWO currently has over 55% of all erep damage:
http://www.erepublik.com/en/article/-tbre-alliances-of-the-eworld-day-1886-2196922/1/20
What are we going to do when TWO don't have tons of excess damage to throw our way?
Good work with these reports btw, going back through them made it quite easy to find these figures.
I wish countries could borrow money from other countries and go massively into debt. It would make the economy far more realistic
Nice report Carlini. I'll take a shot at fixing up the report formatting if you want to share the doc to me
good report
does anyone track to see if those given supplies through IRC actually fight for that battle or just take the tanks and leave?
Great report, but it's shocking to see how ridiculous public spending has been in the past few weeks.
@Danie Fox - Thank you, that is the point, I will be summing up all my terms come the end of this one for a comparison.
@Emergy - I will take you up on that after work 😃
@Sabzii - I don't believe we do to allies, if the player is not from an allied country we ask them to do the damage first.
>>The CtA cost has dropped massively. This was due to the cut in the amount of tanks we hand out per comment. It also seems to have made people lose interest a little in the program.
Not a surprise at all if some people lose interest in it. I've said all along that if the MoD and CP place great importance on voting up the MoD articles then they should not tinker with the CtA scheme. I still go in for the 2xQ7s at every opportunity, but it's just not a sexy reward for a lot of people, and interest will fall.
I'm intrigued as to why bigant and the CP org need a combined total of more than £100,000 in them...could someone clarify that please.
Carlini, did you get figures from the supplying when neither BA or you were online? I've helped supply in at least 3 battles where tanks were being bought from the market because neither of you were online. Perhaps its time to return to giving the MoD or a VP access to an org with other money on it, if we're going to continue to throw money at wars.
@Michael Crookes - The CP org is here, you can always see how much cash is in there 😉 http://www.erepublik.com/en/economy/citizen-accounts/1623284
@Jamesw - Yes, everyone knows that if they spend on tanks (at least 5 people did) they know they get it back afterwards. Me or BA only need to be on in the morning to circulate the tanks.
Voted
check out my article! http://www.erepublik.com/en/article/i-m-running-please-read-and-vote--2199603/1/20
excellent report. voted ofc.
all well and good having money, but what fun is it if thats the only thing you have forever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever and ever
Does the 200k down include the value of the unused tanks? or does 9300 Q7's left ( ~£90k worth) mean we've only lost about 110k over the term?
Great effort, what a find for eUK you've been Carlini!!
Helpmeslack: early last year we spent 3 months without a congress, only able to use the money from the reserves as congress is needed to donate from the country account. Save now and we can supply next time that happens, keep spending and we will stay off the map for longer, greatly decreasing fun and retention. It will happen again unless they change the military module to give defensive bonuses; no side stays on top forever.