Gary Megson insists Bolton are moving in the right direction, despite the club's parent company reporting a loss over the last financial year.

Burnden Leisure announced on Wednesday that losses went up from £8million to £13.2million, even though there was an improvement in turnover by 3% to £51.8million.

Megson admitted the news was concerning but said he had not been told there would be any less money to spend on new players as a consequence.

"When those reports come out it is nothing to do with us, we don't have an input into it. I don't particularly read it, although I listen to what people tell me," Megson said.

"You don't want to see your company losing money. I don't get involved with it at all, but if the club is losing money, then it's not a nice thing to see."

Asked whether he had spoken to the chairman about the implications for the club's transfer budget, Megson said: "No, because everyone is trying to achieve the same things at the football club - we want the results on the pitch and we would like the results off the pitch to go hand in hand with that.

"I know that the training ground is a lot cheaper to run than it ever has been, and I know how much there is in terms of transfers coming in and transfers going out and how much we've spent.

"I don't know the whole gamut of what goes on at Bolton and it's not my job to know.

"But I do know that on the football side of it, we have taken a side from the bottom of the table to mid-table and not spent a huge amount of money."