| 2004 | 2003 |
| $ | $ |
Revenue from ordinary activities | 22,222,087 | 22,763,650 |
Employee benefits expenses | (11,818,644) | (11,694,874) |
Depreciation and amortisation expenses | (276,939) | (279,876) |
Marketing and promotional expenditure | (2,028,656) | (2,340,836) |
Materials purchases and match day hospitality | (1,584,395) | (1,752,364) |
Administration expenditure | (535,530) | (440,534) |
Borrowing cost expense | (436,032) | (126,592) |
Property maintenance | (815,427) | (698,219) |
Football support expenditure | (2,545,705) | (2,359,162) |
Membership expenditure | (1,931,378) | (1,643,509) |
Property lease expenditure | (1,104,332) | (1,187,797) |
Other expenses from ordinary activities | (1,340,023) | (1,121,987) |
Net Profit / (Loss) | (2,194,974) | (882,100) |
| 2004 | 2003 |
| $ | $ |
| | |
Cash Flows from Operating Activities | | |
| | |
Receipts from Football Operations | 6,216,874 | 5,577,083 |
Receipts from Marketing Operations | 9,897,737 | 10,416,856 |
Receipts from Gaming and Social Operations | 5,815,571 | 6,280,807 |
Receipts from Other Operations | 10,075 | 67,896 |
Payments to Suppliers and Employees | (23,395,876) | (22,339,567) |
Interest Received | 14,775 | 19,866 |
Borrowing Costs | (436,032) | (126,592) |
Jack Dyer Foundation Contributions | 259,414 | 401,142 |
Net Cash Inflow / (Outflow) from Operating Activities | (1,617,462) | 297,491 |
| | |
Cash Flows from Investing Activities | | |
| | |
Payment for Property, Plant and Equipment | (218,964) | (2,109,995) |
Net Cash Inflow / (Outflow) from Investing Activities | (218,964) | (2,109,995) |
| | |
Cash Flows from Financing Activities | | |
| | |
(Repayment) / Draw down of Secured Loan | (301,125) | 1,076,125 |
(Repayment) / Draw down of Unsecured Loan | (250,000) | 250,000 |
Repayment of Borrowings | - | (1,886) |
Net Cash Inflow/(Outflow) from Financing Activities | (551,125) | 1,324,239 |
Net Increase/(Decrease) in Cash Held | (2,387,551) | (488,265) |
Cash at the Beginning of the Year | (14,281) | 473,984 |
CASH AT THE END OF THE YEAR | (2,401,832) | (14,281) |