I can say it easily!
If we didn't reduce debt by $1.5mil and hadn't contributed to the resurfacing of pro then the profit would have been probably $5mil plus! Take away say $3mil for the FTF and it would have been approx $2 mil profit....
Errrr no.... doesn't quite work like that
However, I'll play along ...so....
Using your figures the reduction in debt was funded by the FTF which is recorded in total revenues so right there our $3 mil profit becomes $1.5mil. As for the resurfacing of Punt Road which is costing another $1.5 which again is being funded by the FTF which comes out of total revenues then that wipes out the entire $3mil profit.
Simply using your logic and based on what we've told so far if you take out all monies rec'd from the FTF there is no profit 
You are making an assumption that the cost of reducing the debt & resurfacing are expenses to the P&L which they are not, they are balance sheet transactions
I'm no accountant and am only assuming, but if you take away the FTF we might not have contributed to debt reduction and the resurfacing so couldn't you count it roughly even?
Yep correct best case scenario
That's what I said with added sarcasm
.
Sugark said if we hadn't used the FTF monies to retire debt & reconfigure PRO our profit would have been $5 mil. Point I was trying to make was the cost of those 2 things don't impact on the P&L and if we didn't receive the $3mil in FTF pledges our profit basically disappears
Hence, why I reckon it is important to report our profit is from basic operations
What is Carltons debt now?
As per their website it is now just under $6.5 mil they paid back $750k this year
See:
http://www.carltonfc.com.au/news/newsarticle/tabid/4311/newsid/151445/default.aspx 
It's a simple question (I know) and we can hide behind mirrors whilst chewing a stogie but what is the operating profit AFTER abnormal revenues are deducted?
You can add the $500k from the GC game as well.
Cause in 2014, we won't have that revenue
The Cairns game cannot be called anabnormal revenue item yellowandblack because it is a match day receipt. Granted more than we'd make in Melb but a match receipt none the less. While we wont get that $ amount after 2013 we will still receive something of a similar nature hence why it Cairns can't be classified as "abnormal"
But I certainly get your point and it's a good one
