Concise Financial Reports 2009

[one-eyed]

CONSOLIDATED BALANCE SHEET AS AT 31 OCTOBER 2009

	2009 ($) .....	.... 2008 ($)
CURRENT ASSETS
Cash and cash equivalents	14,559,983	12,413,597
Trade and other receivables	787,970	1,537,153
Prepayments	360,998	227,099
Inventories	153,121	103,455
TOTAL CURRENT ASSETS	15,862,072	14,218,304
NON CURRENT ASSETS
Trade and other receivables	175,000	-
Property, plant and equipment	4,917,664	4,646,348
Investmens	-	-
TOTAL NON CURRENT ASSETS	5,092,664	4,646,348
TOTAL ASSETS	20,954,736	18,927,652
CURRENT LIABILITIES
Trade and other payables	3,202,053	2,781,370
Provisions	525,106	419,152
Interest bearing liabilities	4,912,625	4,405,075
Income received in advance	259,799	1,007,519
TOTAL CURRENT LIABILITIES	8,899,583	8,613,116
NON CURRENT LIABILITIES
Trade and other payables	66,000	-
Provisions	1,249,954	1,443,234
Interest beanng liabilities	-	12,858
Income received in advance	290,000	-
TOTAL NON CURRENT LIABILITIES	1,605,954	1,456,092
TOTAL LIABILITIES	10,505,537	10,069,208
NET ASSETS	10,449,199	8,858,444
EQUITY
Retained profits	10,449,150	8,858,395
Minority interest in controlled entities	49	49
TOTAL EQUITY	10,449,199	8,858,444

[one-eyed]

CONSOLIDATED INCOME STATEMENT AS AT 31 OCTOBER 2009

	2009 ($) .....	.... 2008 ($)
Revenue from continuing operations	29,979,779	29,631,303
Revenue from government grants	1,675,000	10,975,000
Employment benefits expenses	(16,458,649)	(15,102,948)
Depreciation and amortisation expenses	(354,265)	(299,726)
Marketing and promotional expenditure	(2,847,245)	(23,439,263)
Materials purchases and match day hospitality	(2,034,719)	(1,844,746)
Administration expenditure	(752,944)	(698,695)
Financial costs	(203,828)	(281,988)
Property maintenance	(597,669)	(609,573)
Football support expense	(2,796,763)	(2,655,340)
Membership expense	(1,427,215)	(1,267,524)
Property lease expense	(1,292,933)	(1,215,893)
Other expenses	(1,457,794)	(1,820,883)
Fixed assets written off (associated with the redevelopment of Punt Road Oval)	-	(1,819,439)
Provision for Wartirna Club onerous lease	160,000	(1,540,000)
Profit for the Year	1,590,755	8,010,285

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY AS AT 31 OCTOBER 2009

	2009 ($) .....	.... 2008 ($)
Total equity at the beginning of the financial year	8,858,444	848,159
Profit / (Loss) for the year	1,590,755	8,010,285
Total equity at the end of the financial year	10,449,199	8,858,444

[one-eyed]

CONSOLIDATED STATEMENT OF CASH FLOWS AS AT 31 OCTOBER 2009

	2009 ($) .....	.... 2008 ($)
Cash flows from operating activities
Receipts from football operations	10,123,466	9,629,697
Receipts from marketing operations	13,524,208	13,463,638
Receipts from gaming and social operations	5,518,281	5,771,663
Payments to suppliers and employees	(28,981,699)	(29,066,764)
Interest received	406,658	295,849
Borrowing costs	(203,828)	(281,988)
Jack Dyer Foundation contributions	213,936	20,456
Net cash inflow/(outflow) from opertating activities	601,022	(167,449)
Cash flows from investing activities
Proceeds from sale of land and buildings	-	419,636
Payment for land and buildings	-	-
Payment for property, plant and equipment	(629,636)	(395,555)
Receipts from Government grants	1,675,000	10,975,000
Net cash inflow/(outflow) from investing activities	1,045,364	10,999,081
Cash flows from financing activities
Proceeds from commercial bills	4,900,000	1,100,000
Repayment of commercial bills	(4,400,000)	(1,100,000)
Proceeds from/ (repayment) of borrowings	-	(162,500)
Net cash inflow/(outflow) from financing activities	500,000	(162,500)
Net increase/(decrease) in cash held	2,146,386	10,669,132
Cash at the beginning of the year	12,413,597	1,744,465
CASH AT THE END OF THE YEAR	14,559,983	12,413,597

[one-eyed]

REVENUE AS AT 31 OCTOBER 2009

	2009 ($) .....	.... 2008 ($)
Revenue from the continuing operations
Football	10,123,466	9,629,697
Sponsorship and Marketing	13,524,208	13,463,638
Gaming and Social	5,518,281	5,771,663
Interest	544,888	295,849
Jack Dyer Foundation	268,936	470,456
Total revenue from operating activities	29,979,779	29,631,303
Revenue from Government grants
- Punt Road Oval redevelopment	1,675,000	10,975,000
Total Revenue	31,654,779	40,606,303

[mightytiges]

	2009 ($) .....	.... 2008 ($)
Receipts from gaming and social operations	5,518,281	5,771,663

All revenue streams are up except for gaming and social club revenue which continues to fall  . I guess this can be attributed to the GFC.

Assets of $20m is a signficant legacy of the current admin.

[bojangles17]

REVENUE AS AT 31 OCTOBER 2009

	2009 ($) .....	.... 2008 ($)
Revenue from the continuing operations
Football	10,123,466	9,629,697
Sponsorship and Marketing	13,524,208	13,463,638
Gaming and Social	5,518,281	5,771,663
Interest	544,888	295,849
Jack Dyer Foundation	268,936	470,456
Total revenue from operating activities	29,979,779	29,631,303
Revenue from Government grants
- Punt Road Oval redevelopment	1,675,000	10,975,000
Total Revenue	31,654,779	40,606,303

regretably Wantirna club appears to have been a major dissapointment...i reckon if they could quit it they would, wmay be better served establishing a business in craigieburn quick smart while land is cheap

[one-eyed]

For those who want to download the Annual report and Concise Financial report, here's the links:


Annual report - http://www.richmondfc.com.au/portals/0/richmond_docs/2009%20annual%20report%20final.pdf

Concise Financial report - http://www.richmondfc.com.au/portals/0/richmond_docs/rfc%20concise%20financials.pdf