| 2007 ($) ..... | .... 2006 ($) | |
| CURRENT ASSETS | ||
| Cash and cash equivalents | 1,744,465 | 1,471,030 |
| Trade and other receivables | 847,751 | 1,250,006 |
| Prepayments | 226,720 | 239,187 |
| Inventories | 92,004 | 110,347 |
| TOTAL CURRENT ASSETS | 2,910,940 | 3,070,570 |
| NON CURRENT ASSETS | ||
| Property, plant and equipment | 6,698,490 | 6,021,330 |
| TOTAL NON CURRENT ASSETS | 6,698,490 | 6,021,330 |
| TOTAL ASSETS | 9,609,430 | 9,091,900 |
| CURRENT LIABILITIES | ||
| Payables | 3,252,319 | 3,713,974 |
| Borrowings | 162,500 | - |
| Provisions | 257,658 | 176,322 |
| Interest bearing liabilities | 4,405,726 | 4,905,036 |
| Income received in advance | 589,112 | 435,039 |
| TOTAL CURRENT LIABILITIES | 8,667,315 | 9,251,994 |
| NON CURRENT LIABILITIES | ||
| Provisions | 76,673 | 21,623 |
| Interest beanng liabilities | 17,283 | 22,824 |
| TOTAL NON CURRENT LIABILITIES | 93,965 | 44,447 |
| TOTAL LIABILITIES | 8,761,271 | 9,274,818 |
| NET ASSETS | 848,159 | (182,918) |
| EQUITY | ||
| Retained earnings/(accumutated losses) | 848,110 | (182,967) |
| Minority interest in controlled entities | 49 | 49 |
| TOTAL EQUITY | 848,159 | (182,918) |
| 2007 ($) ..... | .... 2006 ($) | |
| Revenue from continuing operations | 27,764,370 | 25,840,319 |
| Employment benefits expenses | (14,284,967) | (12,819,157) |
| Depreciation and amortisation expenses | (274,609) | (172,644) |
| Marketing and promotional expenditure | (2,747,491) | (2,743,502) |
| Materials purchases and match day hospitality | (1,917,256) | (1,542,420) |
| Administration expenditure | (572,456) | (620,776) |
| Borrowing cost expense | (332,034) | (478,003) |
| Property maintenance | (617,666) | (590,838) |
| Football support expenditure | (2,296,170) | (2,234,449) |
| Membership expenditure | (1,274,979) | (1,193,510) |
| Property lease expenditure | (1,192,653) | (1,166,018) |
| Other expenses from ordinary activities | (1,223,012) | (1,330,416) |
| Net profit / (loss) | 1,031,077 | 948,586 |
| 2007 ($) ..... | .... 2006 ($) | |
| Total equity at the beginning of the financial year | (182,918) | (1,131,504) |
| Profit / (Loss) for the year | 1,031,077 | 948,586 |
| Total equity at the end of the financial year | 848,159 | (182,918) |
| 2007 ($) ..... | .... 2006 ($) | |
| Cash flows from operating activities | ||
| Receipts from football operations | 8,902,424 | 7,095,463 |
| Receipts from marketing operations | 12,241,068 | 12,056,540 |
| Receipts from gaming and social operations | 5,824,755 | 6,397,903 |
| Payments to suppliers and employees | (25,631,792) | (24,135,560) |
| Interest received | 64,968 | 21,942 |
| Borrowing costs | (332,003) | (478,003) |
| Jack Dyer Foundation contributions | 198,783 | 139,254 |
| Net cash inflow/(outflow) from opertating activities | 1,268,203 | 1,097,539 |
| Cash flows from investing activities | ||
| Payment for land and buildings | (275,876) | - |
| Payment for property, plant and equipment | (318,392) | (648,498) |
| Net cash inflow/(outflow) from investing activities[/color] | (657,268) | (648,498) |
| Cash flows from financing activities | ||
| Proceeds from borrowings | 162,500 | - |
| Draw down of commercial bills | - | 5,200,000 |
| Repayment of borrowings | (500,000) | (1,306,414) |
| Net cash inflow/(outflow) from financing activities | (337,500) | 3,893,586 |
| Net increase/(decrease) in cash held | 273,435 | 4,342,627 |
| Cash at the beginning of the year | 1,471,030 | (2,871,597) |
| CASH AT THE END OF THE YEAR | 1,744,465 | 1,471,030 |
| 2007 ($) ..... | .... 2006 ($) | |
| Revenue from the continuing operations | ||
| Football | 8,902,424 | 7,095,463 |
| Sponsorship and Marketing | 12,536,068 | 12,185,757 |
| Gaming and Social | 6,062,127 | 6,397,903 |
| Interest | 64,968 | 21,942 |
| Jack Dyer Foundation | 198,783 | 139,254 |
| 27,764,370 | 25,840,319 |
Didnt gaming venues get hit with smoke bans or something or have those been in for a while.You may be right Ramps. Total indoor smoking ban July 1 this year wasn't it?
So does this basically say after paying off $500k we still owe $4.4m although the repayments are about a third less than last year?
Is there any obvious explanation behind our gaming/social revenue falling while every other revenue stream has increased?
Cheers WP.So does this basically say after paying off $500k we still owe $4.4m although the repayments are about a third less than last year?
My take on it FWIW is that the orginal finance for the admin building pool etc was one line of finance that has now been paid off. The the remaining $4.4 mil is the current finance arrangement for club operations.QuoteIs there any obvious explanation behind our gaming/social revenue falling while every other revenue stream has increased?
Would think it is something that has happened across the board with all gaming venues. I read in the local paper recently that one of the gaming venues over this side of town has struggled this year and had a significant decrease in revenues. Another the Tigerclub house in Werribee has had restructure of operations to try and increase their revenues