Net-surplus as a useful tool to analyse financial information in co-op societies

This paper aims to analyse a sample of Galician co-ops to verify whether or not it is possible to deduce different financial behaviours among co-op partners from the amount of net-surplus. To this end, our study adds net-surplus to the variation registered in some account entries so that other residual incomes yielded by the co-op may be considered. The distribution of these revenues shows that partners do not usually choose to fully anticipate residual incomes. This reveals that some firms follow a positive net-surplus strategy, which is actually different from the null net-surplus strategy asserted by the classical financial theory. Furthermore, results show that differences between both strategies are statistically significant. This opens a path to future research on determinants explaining why co-op partners voluntarily renounce to anticipating these residual incomes. Such behaviour only arises when yearly accounts render a positive result, thereby making the accounting net-surplus a useful tool to analyse financial information in co-op societies.

The glass coffin, to be or no to be Snow White

We can widen the notion of « end of life » by including lives that are out of the race/circuit, excluded from “active life” and economic usefulness, and which entered this other major area of life we usually consider as the garbage of existence. We could compare this space to the glass coffin where the dwarves secluded Snow White, neither alive nor dead, but in end of life. This “end of life” starts very early in institutions or for those who live in the streets. Our society reinstated, without noticing, a caste of “untouchables” with whom we don’t know anymore how to relate. Accompaniment of the end of life actually appears closely bound to accompaniment of these lives finished, considered as “obsoletes”, expendable, disturbing… It gradually appeared to me that my workshops with homeless people or people deeply damaged by addictions were closer to palliative care than to “psychotherapy”.