2010 ($) ..... | .... 2009 ($) | |
CURRENT ASSETS | ||
Cash and cash equivalents | 7,735,074 | 14,559,983 |
Trade and other receivables | 1,678,118 | 787,970 |
Prepayments | 480,791 | 360,998 |
Inventories | 181,255 | 153,121 |
TOTAL CURRENT ASSETS | 10,075,238 | 15,862,072 |
NON CURRENT ASSETS | ||
Trade and other receivables | 498,582 | 175,000 |
Property, plant and equipment | 13,188,955 | 4,917,664 |
TOTAL NON CURRENT ASSETS | 13,678,537 | 5,092,664 |
TOTAL ASSETS | 23,762,775 | 20,954,736 |
CURRENT LIABILITIES | ||
Trade and other payables | 3,519,310 | 3,202,053 |
Provisions | 936,804 | 525,106 |
Interest bearing liabilities | 4,500,000 | 4,912,625 |
Income received in advance | 688,862 | 259,799 |
TOTAL CURRENT LIABILITIES | 9,644,976 | 8,899,583 |
NON CURRENT LIABILITIES | ||
Trade and other payables | - | 66,000 |
Provisions | 822,535 | 1,249,954 |
Income received in advance | - | 290,000 |
TOTAL NON CURRENT LIABILITIES | 822,535 | 1,605,954 |
TOTAL LIABILITIES | 10,467,511 | 10,505,537 |
NET ASSETS | 13,295,264 | 10,449,199 |
EQUITY | ||
Retained profits | 13,295,215 | 10,449,150 |
Minority interest in controlled entities | 49 | 49 |
TOTAL EQUITY | 13,295,264 | 10,449,199 |
2010 ($) ..... | .... 2009 ($) | |
Revenue from continuing operations | 31,548,552 | 29,979,779 |
Revenue from government grants | 1,926,923 | 1,675,000 |
Employment benefits expenses | (15,950,796) | (16,458,649) |
Depreciation and amortisation expenses | (369,085) | (354,265) |
Marketing and promotional expenditure | (3,248,931) | (2,847,245) |
Materials purchases and match day hospitality | (2,293,906) | (2,034,719) |
Administration expenditure | (699,510) | (752,944) |
Financial costs | (291,097) | (203,828) |
Property maintenance | (638,904) | (597,669) |
Football support expense | (3,136,904) | (2,796,763) |
Membership expense | (1,323,826) | (1,427,215) |
Property lease expense | (1,305,296) | (1,292,933) |
Other expenses | (1,531,155) | (1,457,794) |
Provision for Wartirna Club onerous lease | 160,000 | 160,000 |
Profit for the Year | 2,846,065 | 1,590,755 |
Other comprehensive income | - | - |
Total comprehensive income for the year | 2,864,065 | 1,590,755 |
2010 ($) ..... | .... 2009 ($) | |
Total equity at the beginning of the financial year | 10,449,199 | 8,858,444 |
Total comprehensive income for the year | 2,864,065 | 1,590,755 |
Total equity at the end of the financial year | 13,295,264 | 10,449,199 |
2010 ($) ..... | .... 2009 ($) | |
Cash flows from operating activities | ||
Receipts from football operations | 10,768,532 | 10,123,466 |
Receipts from marketing operations | 14,131,068 | 13,524,208 |
Receipts from gaming and social operations | 5,371,647 | 5,518,281 |
Payments to suppliers and employees | (30,115,051) | (28,981,699) |
Interest received | 472,560 | 406,658 |
Borrowing costs | (291,097) | (203,828) |
Jack Dyer Foundation contributions | 250,884 | 213,936 |
Net cash inflow/(outflow) from opertating activities | 588,543 | 601,022 |
Cash flows from investing activities | ||
Payment for property, plant and equipment | (8,640,375) | (629,636) |
Receipts from Government grants | 1,626,923 | 1,675,000 |
Net cash inflow/(outflow) from investing activities | (7,013,452) | 1,045,364 |
Cash flows from financing activities | ||
Proceeds from commercial bills | 4,500,000 | 4,900,000 |
Repayment of commercial bills | 4,900,000 | (4,400,000) |
Net cash inflow/(outflow) from financing activities | (400,000) | 500,000 |
Net increase/(decrease) in cash held | (6,824,909) | 2,146,386 |
Cash at the beginning of the year | 14,559,983 | 12,413,597 |
CASH AT THE END OF THE YEAR | 7,735,074 | 14,559,983 |
2010 ($) ..... | .... 2009 ($) | |
Revenue from the continuing operations | ||
Football | 11,253,533 | 10,123,466 |
Sponsorship and Marketing | 14,131,068 | 13,524,208 |
Gaming and Social | 5,371,647 | 5,518,281 |
Interest | 533,620 | 544,888 |
Jack Dyer Foundation | 258,684 | 268,936 |
Total revenue from operating activities | 31,548,552 | 29,979,779 |
Revenue from Government grants | ||
- Punt Road Oval redevelopment | 1,926,923 | 1,675,000 |
Total Revenue | 33,475,475 | 31,654,779 |