Gubbet even though our friend yusuf is a bit upset we can’t deny his points when it comes to ecenomic contribution that different clans offer.Gubbet wrote: Sun Sep 03, 2023 2:58 pmCeeb weeye ha xanaaqin. Somalidiid anigaa ba ah.theyuusuf143 wrote: Sun Sep 03, 2023 2:53 pmSaw mareexaan wadaniya ma tihid ? Anna saw iima taqaanid soomali diid. Caasimada ummada soomaliyeed bal tower kaaga halaga dhex arko Anigu kaygii waan wadaaye. Car bal horumar igula tartan anoo habarjeclo ah.Gubbet wrote: Sun Sep 03, 2023 2:43 pm
Like 99.99% of society you think revenue is what a company makes or it's worth.
No,
Revenue - Production = (Revenue - Production) - Operations = Revenue - (Production + Operations) = Revenue - Expenses = Earnings - Obligations= Profit + all cash flow = Net worth
Revenue is all the mone Dahabshiil tansacted.
Production is the money Dahabshil paid in transferring xawala (money paid to wire from A to Z to financial companies and banks).
Operations is money paid to employees working the transaction.
Expenses is production + operation added together.
Earnings is expenses subtracted from revenue.
Obligations are taxes paid to Somaliland, Somalia, Kenya, etc where transactions occur + obligations in income tax to Somaliland.
Profit is gross income after obligations are subtracted from earning.
All cash flow is money gained from investments minus all debt liability.
Net worth is Gross income + all cash flows (even if negative).
Somaliland's government taxes earning, what Dahabshiil actual makes is profit. What the business is worth in relation to compare/contrast with what you gain from Dahabshiil vs what Dhulbahante gain from Buhoodle customs is net worth.
Dahabashiil is not a very profitable company. None of the "remittance" or really all of the "service industry" really are.
They just fulfill a needed demand.
Buuhoodle has 0 expenses and obligations and debt and really any production costs.
They just tax goods passing by them.
Buuhoodle customs makes more profit for Dhulbahante than Dahabshiil does for Somaliland.![]()
P. S. You would be surprised.![]()
Going forward we are having a system in Somalia were those that contribute the most will get the biggest benefit - this is the system we should’ve adopted from day one - it’s the system every nation is built on but due to our lack of education, lack of world insights we started with sun defined systems of governance
It’s the reason I am a big supporter of mr hsm - look at how he handled the oil exploration task - those that want to develop will be allowed to develop, those that don’t wish to take part will be allowed to do so. This is what scares most Somalis