If you drill down in more detail, and subtract the administrative expenses at Turnberry's parent firm from its turnover in order to get closer to whatever that 'income' figure entails, the number is still £12.5m ($17.2m).
Even the turnover in the UK accounts - listed as £19.6m ($26.8m) is a country mile off that income figure listed in Trump's OGE filings. Comparing like for like, even accounting for that weird 'golf related revenue' descriptor, it's not even close.
Firstly, Trump lists his income from ‘golf related revenue’ at Turnberry as $9.8m. Which is interesting, given the latest UK accounts for Turnberry's parent company registered losses of £2.3m ($3.1m) for the 12 months to 31 Dec 2019.
NEW: Before he left office, Trump filed his final financial disclosures with @OfficeGovEthics. I’ve had a read through them. The income he is claiming in respect of his Scottish resorts is entirely divorced from the reality set out in black in white in his UK accounts. Thread 👇
There's a similar pic with his Aberdeenshire resort. Trump says its value is $50m+. Accounts show it owes £44m ($60m) on assets of just £32m ($43m).
In short, Trump claims his two Scots firms are worth $100m+
The accounts show they're in negative equity to the tune of $112m.
Reports that the OGE disclosure spans 2020. That complicates comparisons with the UK (2019) accounts. Figs reflect a major downturn in revenue, expected due to Covid. But the central absurdity remains: claiming the firms are worth $100m+ when they’re laden with $197m of debts.
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