Concise Financial Reports 2010

[one-eyed]

CONSOLIDATED BALANCE SHEET AS AT 31 OCTOBER 2010

	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

[one-eyed]

CONSOLIDATED INCOME STATEMENT AS AT 31 OCTOBER 2010

	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

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY AS AT 31 OCTOBER 2010

	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

[one-eyed]

CONSOLIDATED STATEMENT OF CASH FLOWS AS AT 31 OCTOBER 2010

	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

[one-eyed]

REVENUE AS AT 31 OCTOBER 2010

	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

[TigerTimTam]

Its interesting comparing our position vs the Magpies who have released their reports. Here is a link www.collingwoodfc.com.au/portals/0/magpies_docs/CFC_annual_report_2010.pdf