Richmond makes record $3 million profit !!!

[Smokey]

Umm, get with the local terminology Tiga........................it's "down" the road.

 

[Penelope]

yep, thats what we say down here too........

[rogerd3]

is there a reason why WE dont do it?

it seems they dont want to be transparent.

I believe it has nothing to do with transparency to be honest.

There are minimum legal requirements regarding how companies must present their annual accounts. The RFC are meeting that requirement, nothing more nothing less.

Other clubs for whatever reason chose do go into greater detail, that's all.

The only reason I keep harping on about this is because for whatever reason last year the Club declared what our operating profit was excluding all the extras in particular the FTF monies. This year they've decided not too.

I just think it's important so we can compare apples with apples rather than comparing apples to grapefruits

so we changed tack this year, it would be interesting to know why this was done.

[WilliamPowell]

is there a reason why WE dont do it?

it seems they dont want to be transparent.

I believe it has nothing to do with transparency to be honest.

There are minimum legal requirements regarding how companies must present their annual accounts. The RFC are meeting that requirement, nothing more nothing less.

Other clubs for whatever reason chose do go into greater detail, that's all.

The only reason I keep harping on about this is because for whatever reason last year the Club declared what our operating profit was excluding all the extras in particular the FTF monies. This year they've decided not too.

I just think it's important so we can compare apples with apples rather than comparing apples to grapefruits

so we changed tack this year, it would be interesting to know why this was done.

Will be raising next week at the AGM 

[tiga]

Umm, get with the local terminology Tiga........................it's "down" the road.

 

Sorry Smokey, I've only ever watched two GC games and both were in Cairns which accounts for my slip up. 

[Phil Mrakov]

Very disappointed with our membership revene.

[Smokey]

Umm, get with the local terminology Tiga........................it's "down" the road.

 

Sorry Smokey, I've only ever watched two GC games and both were in Cairns which accounts for my slip up. 

You're forgiven this time but don't do it again.  Us children of the Chosen State are quite particular about the regional complexities and niceties of the grid square in which we reside and we just can't abide being called up when we're down and vice versa.  I hope you understand.   

[RedanTiger]

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

But is it a "match day receipt" in cash or is it some form of contra payment?

We have just completed a training camp in Queensland.
"The camp, which was made possible by the support of Tourism Tropical North Queensland, will be a mix of football training and team bonding exercises."
http://www.richmondfc.com.au/news/tigersincairns/tabid/19946/default.aspx
 
Was this part of the payment for the Cairns fixture?
Nothing wrong with covering the cost of our annual camp in this way except that the costs tend to be listed at the upper extreme.
eg To the Tax Office, Qantas list a cost of $350 (plus $50 baggage charge) per person for Melbourne-Cairns flights where they may be on sale for $169.
So air fares for 60 return is listed at $48K but can be less than $20K if you group booked direct.

Another interesting question for the AGM.
"How do we get paid $500k for the Cairns game?"

[WilliamPowell]

But is it a "match day receipt" in cash or is it some form of contra payment?

They've made it clear they get cash for playing in Cairns, hence why they did the deal in the first place. Have heard Benny Gale say this a number of times

Reckon this training camp is more like "sponsorship" arrangement. Also considering this training camp has taken place in Dec it would have had no impact on our 2012 profit result

[Penelope]

Umm, get with the local terminology Tiga........................it's "down" the road.

 

Sorry Smokey, I've only ever watched two GC games and both were in Cairns which accounts for my slip up. 

You're forgiven this time but don't do it again.  Us children of the Chosen State are quite particular about the regional complexities and niceties of the grid square in which we reside and we just can't abide being called up when we're down and vice versa.  I hope you understand.   

Children of the chosen state 
More like children of the corn

[Smokey]

This from a citizen of the territory that is Australia's version of Swamp People.

 

[Penelope]

and we fly that flag proudly.

[Smokey]

 


And sadly, I want to be one.   

[one-eyed]

Sydney made just $207,000 in profit in a premiership year. Imagine how much we would make if we won a flag.

http://www.afl.com.au/news/2012-12-18/swans-balance-big-year-with-modest-profit


2012 AFL CLUB FINANCIAL RESULTS

Collingwood: $7,835,080 profit

Richmond: $3,017,742 profit

Hawthorn: $2,023,720 profit

North Melbourne: $1,193,080 operating profit

Essendon:  $401,429 profit

Sydney:      $207,007 profit

Adelaide:    $122,434 profit

Melbourne: $77,618 operating profit

Bulldogs:   $136,679 operating loss

Carlton:     $683,799 loss

Brisbane:  $2,513,262 net operating loss

Port Adelaide: $6,300,000 operating loss