2018 ($) ..... | .... 2017 ($) | |
INCOME | ||
Revenue from continuing activities | 79,777,837 | 65,164,372 |
79,777,837 | 65,164,372 | |
EXPENSES | ||
Football operations | (27,212,594) | (26,200,040) |
Health, fitness and community groups | (14,160,181) | (9,622,630) |
Consumer products | (10,687,181) | (6,853,551) |
Gaming and hospitality | (6,899,647) | (6,172,369) |
Sponsorship, fundraising and corporate products | (6,803,804) | (6,307,293) |
Finance and administration | (4,424,570) | (3,315,109) |
Media, marketing and communications | (2,577,306) | (1,764,806) |
Facilities and maintenance | (2,192,130) | (1,799,535) |
Write off of fixed assets | (610,421) | (65,741) |
(75,567,834) | (62,101,074) | |
PROFIT/(LOSS) | 4,210,003 | 3,063,298 |
Other comprehensive income | - | - |
TOTAL COMPREHENSIVE INCOME | 4,210,003 | 3,3063,298 |
2018 ($) ..... | .... 2017 ($) | |
CURRENT ASSETS | ||
Cash and cash equivalents | 13,710,013 | 9,881,528 |
Trade and other receivables | 1,771,871 | 1,721,637 |
Investments | 500,000 | - |
Prepayments | 616,238 | 1,631,824 |
Inventories | 869,573 | 957,874 |
TOTAL CURRENT ASSETS | 17,467,695 | 14,192,593 |
NON CURRENT ASSETS | ||
Property, plant and equipment | 21,525,597 | 22,271,782 |
Intangible assets | 753,271 | 868,617 |
TOTAL NON CURRENT ASSETS | 22,278,868 | 23,140,399 |
TOTAL ASSETS | 39,746,563 | 37,332,992 |
CURRENT LIABILITIES | ||
Trade and other payables | 4,461,389 | 5,983,754 |
Provisions | 2,275,330 | 1,970,569 |
Income received in advance | 1,525,773 | 2,080,650 |
TOTAL CURRENT LIABILITIES | 8,262,492 | 10,034,973 |
NON CURRENT LIABILITIES | ||
Trade and other payables | 14,733 | 32,432 |
Provisions | 104,966 | 111,218 |
TOTAL NON CURRENT LIABILITIES | 119,699 | 143,650 |
TOTAL LIABILITIES | 8,382,191 | 10,178,623 |
NET ASSETS | 31,364,372 | 27,154,369 |
EQUITY | ||
Retained profits | 31,364,372 | 27,154,369 |
TOTAL EQUITY | 31,364,372 | 27,154,369 |
2018 ($) ..... | .... 2017 ($) | |
Cash flows from operating activities | ||
Receipts from customers | 85,024,998 | 69,772,489 |
Interest received | 194,666 | 78,194 |
Payments to suppliers | (42,749,843) | (30,776,936) |
Payments to employees | (37,065,009) | (32,737,393) |
Net cash flow from operating activities | 5,404,812 | 6,336,354 |
Cash flows from investing activities | ||
Payment for property, plant and equipment | (1,010,200) | (672,905) |
Payment for gaming licences | (66,127) | (293,441) |
Receipts from investments | 500,000 | - |
Payments for investments | (1,000,000) | - |
Net cash flow from investing activities | (1,576,327) | (966,346) |
Net increase in cash held | 3,828,485 | 5,370,008 |
Cash at the beginning of the year | 9,881,528 | 4,511,520 |
CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL YEAR | 13,710,013 | 9,881,528 |
2018 ($) ..... | .... 2017 ($) | |
Total equity at the beginning of the year | 27,154,369 | 24,091,071 |
Profit/(Loss) for the year | 4,210,003 | 3,063,298 |
Other comprehensive income | - | - |
Total comprehensive income for the year | 4,210,003 | 3,063,298 |
Total equity at the end of the financial year | 31,364,372 | 27,154,369 |
2018 ($) ..... | .... 2017 ($) | |
Revenue from the continuing operations | ||
AFL distributions and prize money | 12,505,575 | 13,627,896 |
Gaming and hospitality | 7,670,839 | 7,180,170 |
Stadium contributions and consumer products | 29,645,214 | 21,927,258 |
Health, fitness and community groups | 14,237,718 | 8,639,721 |
Sponsorship, fundraising and corporate products | 15,450,025 | 13,638,619 |
Interest | 194,666 | 78,194 |
Other | 73,800 | 72,514 |
Total revenue from operating activities | 79,777,837 | 65,164,372 |
Gee our balance sheet is strong. If it wasn't for those socialist equalisation strategies of the AFL, we could be a powerhouse of Man City, Man Utd proportions.
The current asset investment of $500K is interesting. Also showing as a cash receipt. What could that be?
I agree that the club should invest again in a pub but it wont because of fear of people trashing the club about gaming.
Race Clubs are going around buying pubs and gaming and no one says anything, but for clubs its a no no. What rot,
gambling is legal and a social endeavor which isnt a problem for 99% of the populace. Buy another pub with machines
and really set the club up as a powerhouse going forward.
I agree that the club should invest again in a pub but it wont because of fear of people trashing the club about gaming.
Race Clubs are going around buying pubs and gaming and no one says anything, but for clubs its a no no. What rot,
gambling is legal and a social endeavor which isnt a problem for 99% of the populace. Buy another pub with machines
and really set the club up as a powerhouse going forward.
Your not getting a pub for $500k in tiger land.....you would’nt get the lease for that
Its an interesting philosophical question, what does a not for profit sporting club do with its profits?The bold is forbidden as that would class as paying dividends.
Invest for a rainy day? Return profits to members?
Its like a government who has no good ideas on how to spend the tax take and makes a profit/surplus, well why colect the Tax.
Its an interesting philosophical question, what does a not for profit sporting club do with its profits?The bold is forbidden as that would class as paying dividends.
Invest for a rainy day? Return profits to members?
Its like a government who has no good ideas on how to spend the tax take and makes a profit/surplus, well why colect the Tax.
That $500k investment may be going towards the future expansion of our facilities with our AFLW side starting in 2020? So reinvesting profits into the Club may be the answer to that philosophical question.
The Club is very different to government. Those within the Club actually like each other unlike our pollies and work together united towards a single purpose :yep. It's popular with the masses (when winning ;) ) who are happy to hand over their hard earned to make the Club stronger and more powerful. The masses also willingly voted to give the Club (its Board) more executive powers.
Cheers WP.Its an interesting philosophical question, what does a not for profit sporting club do with its profits?The bold is forbidden as that would class as paying dividends.
Invest for a rainy day? Return profits to members?
Its like a government who has no good ideas on how to spend the tax take and makes a profit/surplus, well why colect the Tax.
That $500k investment may be going towards the future expansion of our facilities with our AFLW side starting in 2020? So reinvesting profits into the Club may be the answer to that philosophical question.
The Club is very different to government. Those within the Club actually like each other unlike our pollies and work together united towards a single purpose :yep. It's popular with the masses (when winning ;) ) who are happy to hand over their hard earned to make the Club stronger and more powerful. The masses also willingly voted to give the Club (its Board) more executive powers.
I would think the $500k is a short term deposit. Taken from excess cash from the day to day trading (operating bank account)
Or a release of a deposit or tender fee for one of the Leisure facility perhaps
You could return it to members by lowering next years membership by X amount as a loyalty bonus or some other such scheme.Its an interesting philosophical question, what does a not for profit sporting club do with its profits?The bold is forbidden as that would class as paying dividends.
Invest for a rainy day? Return profits to members?
Its like a government who has no good ideas on how to spend the tax take and makes a profit/surplus, well why colect the Tax.
That $500k investment may be going towards the future expansion of our facilities with our AFLW side starting in 2020? So reinvesting profits into the Club may be the answer to that philosophical question.
The Club is very different to government. Those within the Club actually like each other unlike our pollies and work together united towards a single purpose :yep. It's popular with the masses (when winning ;) ) who are happy to hand over their hard earned to make the Club stronger and more powerful. The masses also willingly voted to give the Club (its Board) more executive powers.
Just on other clubs and their po-kies licences, Collingwood have sold both their licences and are getting out of po-kies while Essendon has been granted a 29-year extension on their lease.I agree that the club should invest again in a pub but it wont because of fear of people trashing the club about gaming.
Race Clubs are going around buying pubs and gaming and no one says anything, but for clubs its a no no. What rot,
gambling is legal and a social endeavor which isnt a problem for 99% of the populace. Buy another pub with machines
and really set the club up as a powerhouse going forward.
Your not getting a pub for $500k in tiger land.....you would’nt get the lease for that
never said you could. don't know where you plucked the $500,000 from. Richmond has millions in the bank, they could
invest 3 or 4 of that and get a pub.