[MoF] - January Report 2: Spending, A New Computer and the Volatile MM

Day 1,890, 15:19 • Published in United Kingdom United Kingdom • by 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