Concise Financial Reports 2016

[one-eyed]

STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2016

	2016 ($) .....	.... 2015 ($)
CURRENT ASSETS
Cash and cash equivalents	4,511,520	4,380,777
Trade and other receivables	690,147	434,691
Prepayments	299,277	525,353
Inventories	244,234	156,892
TOTAL CURRENT ASSETS	5,745,178	5,497,713
NON CURRENT ASSETS
Property, plant and equipment	22,726,055	23,071,652
Intangible assets	1,050,090	1,231,562
TOTAL NON CURRENT ASSETS	23,776,145	24,303,214
TOTAL ASSETS	29,521,323	29,800,927
CURRENT LIABILITIES
Trade and other payables	2,612,186	3,013,179
Provisions	1,660,437	1,495,804
Income received in advance	1,049,656	716,738
TOTAL CURRENT LIABILITIES	5,322,279	5,225,721
NON CURRENT LIABILITIES
Trade and other payables	-	293,440
Provisions	107,973	110,438
TOTAL NON CURRENT LIABILITIES	107,973	403,878
TOTAL LIABILITIES	5,430,252	5,629,599
NET ASSETS	24,091,071	24,171,328
EQUITY
Retained profits	24,091,071	24,171,328
TOTAL EQUITY	24,091,071	24,171,328

[one-eyed]

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 OCTOBER 2016

	2016 ($) .....	.... 2015 ($)
INCOME
Revenue from continuing activities	47,538,233	46,706,020
	47,538,233	46,706,020
EXPENSES
Football operations	(22,794,109)	(22,365,779)
Gaming and hospitality	(6,241,029)	(6,122,552)
Sponsorship, fundraising and corporate products	(4,757,274)	(5,523,657)
Consumer products	(4,423,633)	(4,580,351)
Finance and administration	(3,234,299)	(3,614,869)
Health, fitness and community groups	(2,917,060)	(933,794)
Facilities and maintenance	(1,709,818)	(1,667,588)
Media, marketing and communications	(1,541,268)	(1,438,844)
	(47,618,490)	(46,247,434)
PROFIT/(LOSS)	(80,257)	458,586
Other comprehensive income	-	-
TOTAL COMPREHENSIVE INCOME	(80,257)	458,586

[one-eyed]

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2016

	2016 ($) .....	.... 2015 ($)
Cash flows from operating activities
Receipts from customers	51,619,323	49,877,697
Interest received	109,741	132,293
Payments to suppliers	(23,339,359)	(23,420,453)
Payments to employees	(27,174,404)	(24,728,613)
Net cash flow from operating activities	1,215,301	1,860,924
Cash flows from investing activities
Payment for property, plant and equipment	(786,250)	(1,037,805)
Payment for gaming licences	(298,308)	(298,308)
Net cash flow from investing activities	(1,084,558)	(1,336,113)
Cash flows from financing activities
Proceeds from commercial bills	-	-
Repayment of commercial bills	-	-
Net cash flow from financing activities	-	-
Net increase in cash held	130,743	524,811
Cash at the beginning of the year	4,380,777	3,855,966
CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL YEAR	4,511,520	4,380,777

[one-eyed]

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 OCTOBER 2016

	2016 ($) .....	.... 2015 ($)
Total equity at the beginning of the year	24,171,328	23,712,742
Profit/(Loss) for the year	(80,257)	458,586
Other comprehensive income	-	-
Total comprehensive income for the year	(80,257)	458,586
Total equity at the end of the financial year	24,091,071	24,171,328

REVENUE AS AT 31 OCTOBER 2016

	2016 ($) .....	.... 2015 ($)
Revenue from the continuing operations
AFL distributions and prize money	10,478,488	10,515,840
Gaming and hospitality	7,217,846	6,984,755
Stadium contributions and consumer products	16,609,164	16,364,591
Health, fitness and community groups	2,473,589	53,921
Sponsorship, fundraising and corporate products	10,575,059	12,533,527
Interest received	109,741	106,700
Other	74,346	146,686
Total revenue from operating activities	47,538,233	46,706,020

http://s.afl.com.au/staticfile/AFL%20Tenant/Richmond/Club%20Promos/Concise%20Financial%20Report%202016-1.pdf

[Harry]

Can someone tell me where membership and gate receipts revenue is sitting in the above revenue breakdown?  Also why are they not disclosing JDF revenue separately anymore?

[blaisee]

On the basis of these numbers I would sack the board.

Huge increase in payments to staff who are cleartly underperforming, sponsorship down.

Fans attendance down.


We are a rabble

[Knighter]

Wow - $2 million reduction in sponsorship this year from 2015

Great job Peggy and Benny!   

We got dome brownie points from the community though for all the charitable things we do.

Stuffen imbeciles

[Harry]

Wow - $2 million reduction in sponsorship this year from 2015

I would say fundraising and donations would be down also.

If we don't have a good start this year the 2017 results will be much worse.

[(•))(©™]

Lmao.

It's criminal.

[FlashGordon]

Kim Jong-il needs to take a look at this poo

[FlashGordon]

amortisation used for the write-off of intangible assets, such as goodwill...goodwill is like thin air

[Gracie]

On the basis of these numbers I would sack the board.

Huge increase in payments to staff who are cleartly underperforming, sponsorship down.

Fans attendance down.


We are a rabble

The biggest part of payment to staff is the players. So yes under performing.

[WilliamPowell]

Wow - $2 million reduction in sponsorship this year from 2015

Great job Peggy and Benny!   

We got dome brownie points from the community though for all the charitable things we do.

Stuffen imbeciles

Wow

Hope everyone realises that the FTF monies are included the sponsorship link,  you know fundraising . Think the impact of the decrease in that player a part

But the biggest single decrease is naming  rights sponsorship of PRO (ME bank)

Said many times not acceptable but explainable

Very pleased to see the revenue numbers for the fitness centres. Though revenues -v- expenses show a loss in. That's to be expected with initial set costs included with the expenses

and I do hope people realise that to run that arm of the business is costs money.

[WilliamPowell]

amortisation used for the write-off of intangible assets, such as goodwill...goodwill is like thin air

Yep but legally must be recorded and amortised over a period of time

[tony_montana]

The way I read it they outlaid 2mill approx on health fitness centres bc expenses went up that amount from 2015 to 2016 in that category and revenue increased from 54k in 2015 to 2.47k in 2016 which looks like a a net gain of 400k from that business. Im sure there are other intangibles related but at a very quick glance, looks like a tidy bit of work there.