Author Topic: Concise Financial Report 2018  (Read 3002 times)

Offline one-eyed

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Concise Financial Report 2018
« on: November 19, 2018, 12:32:15 PM »
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 OCTOBER 2018

    2018 ($) ..... .... 2017 ($)
INCOME       
Revenue from continuing activities 79,777,837 65,164,372
79,777,83765,164,372
       
EXPENSES       
Football operations (27,212,594)(26,200,040)
Health, fitness and community groups (14,160,181)(9,622,630)
Consumer products(10,687,181) (6,853,551)
Gaming and hospitality(6,899,647) (6,172,369)
Sponsorship, fundraising and corporate products(6,803,804)  (6,307,293)
Finance and administration(4,424,570)(3,315,109)
Media, marketing and communications(2,577,306)(1,764,806)
Facilities and maintenance(2,192,130)(1,799,535)
Write off of fixed assets(610,421)(65,741)
  (75,567,834)   (62,101,074) 
       
PROFIT/(LOSS) 4,210,003  3,063,298
Other comprehensive income  -
TOTAL COMPREHENSIVE INCOME4,210,003 3,3063,298
« Last Edit: November 19, 2018, 02:16:20 PM by one-eyed »

Offline one-eyed

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Re: Concise Financial Report 2018
« Reply #1 on: November 19, 2018, 01:34:21 PM »
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2018

    2018 ($) ..... .... 2017 ($)
       
CURRENT ASSETS    
Cash and cash equivalents13,710,0139,881,528
Trade and other receivables 1,771,8711,721,637
Investments                  500,000 -
Prepayments                   616,2381,631,824
Inventories                  869,573957,874
TOTAL CURRENT ASSETS 17,467,69514,192,593
       
NON CURRENT ASSETS            
Property, plant and equipment21,525,59722,271,782
Intangible assets 753,271868,617
TOTAL NON CURRENT ASSETS22,278,86823,140,399
       
TOTAL ASSETS 39,746,56337,332,992
       
CURRENT LIABILITIES     
Trade and other payables   4,461,3895,983,754
Provisions   2,275,3301,970,569
Income received in advance   1,525,7732,080,650
TOTAL CURRENT LIABILITIES   8,262,49210,034,973
       
NON CURRENT LIABILITIES       
Trade and other payables   14,733 32,432
Provisions                     104,966111,218
TOTAL NON CURRENT LIABILITIES 119,699143,650
       
TOTAL LIABILITIES8,382,191 10,178,623
       
NET ASSETS31,364,372 27,154,369
       
EQUITY       
Retained profits 31,364,37227,154,369
TOTAL EQUITY31,364,37227,154,369

Offline one-eyed

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Re: Concise Financial Report 2018
« Reply #2 on: November 19, 2018, 02:05:13 PM »
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2018

    2018 ($) ..... .... 2017 ($)
       
Cash flows from operating activities    
Receipts from customers85,024,99869,772,489
Interest received194,66678,194
Payments to suppliers(42,749,843)(30,776,936)
Payments to employees(37,065,009) (32,737,393)   
       
Net cash flow from operating activities5,404,8126,336,354
       
Cash flows from investing activities
Payment for property, plant and equipment(1,010,200)(672,905)
Payment for gaming licences(66,127)(293,441)
Receipts from investments500,000 -
Payments for investments(1,000,000) -
       
Net cash flow from investing activities (1,576,327)(966,346)
       
Net increase in cash held3,828,4855,370,008
       
Cash at the beginning of the year9,881,528 4,511,520
       
CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL YEAR  13,710,013   9,881,528

Offline one-eyed

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Re: Concise Financial Report 2018
« Reply #3 on: November 19, 2018, 02:15:34 PM »
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 OCTOBER 2018

    2018 ($) ..... .... 2017 ($)
       
Total equity at the beginning of the year27,154,36924,091,071
       
Profit/(Loss) for the year4,210,0033,063,298
Other comprehensive income--
Total comprehensive income for the year4,210,0033,063,298
       
Total equity at the end of the financial year 31,364,372  27,154,369



REVENUE AS AT 31 OCTOBER 2018

    2018 ($) ..... .... 2017 ($)
       
Revenue from the continuing operations    
AFL distributions and prize money12,505,57513,627,896
Gaming and hospitality7,670,8397,180,170
Stadium contributions and consumer products29,645,21421,927,258
Health, fitness and community groups14,237,7188,639,721
Sponsorship, fundraising and corporate products15,450,02513,638,619
Interest 194,66678,194
Other73,80072,514
       
Total revenue from operating activities79,777,837  65,164,372

https://s.afl.com.au/staticfile/AFL%20Tenant/Richmond/Files/Concise%20Financial%20Report%202018.pdf

Offline Tiger Tragic

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Re: Concise Financial Report 2018
« Reply #4 on: November 19, 2018, 02:42:00 PM »
Gee our balance sheet is strong.  If it wasn't for those socialist equalisation strategies of the AFL, we could be a powerhouse of Man City, Man Utd proportions.

The current asset investment of $500K is interesting.  Also showing as a cash receipt.  What could that be?

Offline Knighter

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Re: Concise Financial Report 2018
« Reply #5 on: November 20, 2018, 06:11:37 AM »
Gee our balance sheet is strong.  If it wasn't for those socialist equalisation strategies of the AFL, we could be a powerhouse of Man City, Man Utd proportions.

The current asset investment of $500K is interesting.  Also showing as a cash receipt.  What could that be?

Bank bond I suspect

Need to buy a pub in Richmond and turn into a 2nd social club for away games

Offline Rampsation

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Re: Concise Financial Report 2018
« Reply #6 on: November 20, 2018, 06:40:05 PM »
I agree that the club should invest again in a pub but it wont because of fear of people trashing the club about gaming.
Race Clubs are going around buying pubs and gaming and no one says anything, but for clubs its a no no. What rot,
gambling is legal and a social endeavor which isnt a problem for 99% of the populace. Buy another pub with machines
and really set the club up as a powerhouse going forward.

Offline tdy

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Re: Concise Financial Report 2018
« Reply #7 on: November 20, 2018, 07:39:41 PM »
Its an interesting philosophical question, what does a not for profit sporting club do with its profits?
 Invest for a rainy day? Return profits to members?
 Its like a government who has no good ideas on how to spend the tax take and makes a profit/surplus, well why colect the Tax.

Offline Hard Roar Tiger

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Re: Concise Financial Report 2018
« Reply #8 on: November 20, 2018, 10:52:08 PM »
I agree that the club should invest again in a pub but it wont because of fear of people trashing the club about gaming.
Race Clubs are going around buying pubs and gaming and no one says anything, but for clubs its a no no. What rot,
gambling is legal and a social endeavor which isnt a problem for 99% of the populace. Buy another pub with machines
and really set the club up as a powerhouse going forward.

Your not getting a pub for $500k in tiger land.....you would’nt get the lease for that
“I find it nearly impossible to make those judgments, but he is certainly up there with the really important ones, he is certainly up there with the Francis Bourkes and the Royce Harts and the Kevin Bartlett and the Kevin Sheedys, there is no doubt about that,” Balme said.

Offline Rampsation

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Re: Concise Financial Report 2018
« Reply #9 on: November 21, 2018, 08:19:48 AM »
I agree that the club should invest again in a pub but it wont because of fear of people trashing the club about gaming.
Race Clubs are going around buying pubs and gaming and no one says anything, but for clubs its a no no. What rot,
gambling is legal and a social endeavor which isnt a problem for 99% of the populace. Buy another pub with machines
and really set the club up as a powerhouse going forward.

Your not getting a pub for $500k in tiger land.....you would’nt get the lease for that

never said you could. don't know where you plucked the $500,000 from. Richmond has millions in the bank, they could
invest 3 or 4 of that and get a pub.

Online WilliamPowell

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Re: Concise Financial Report 2018
« Reply #10 on: November 21, 2018, 09:17:53 PM »
Received a copy of the full financials today

Will have in depth look over the weekend
"Oh yes I am a dreamer, I still see us flying high!"

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Offline Diocletian

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Re: Concise Financial Report 2018
« Reply #11 on: November 21, 2018, 10:42:03 PM »
Why what are you going to do about it?
"Tradition is not the worship of ashes, but the preservation of fire." 

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FJ is the only one that makes sense.

Offline mightytiges

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Re: Concise Financial Report 2018
« Reply #12 on: November 22, 2018, 04:56:39 PM »
Its an interesting philosophical question, what does a not for profit sporting club do with its profits?
 Invest for a rainy day? Return profits to members?
 Its like a government who has no good ideas on how to spend the tax take and makes a profit/surplus, well why colect the Tax.
The bold is forbidden as that would class as paying dividends.

That $500k investment may be going towards the future expansion of our facilities with our AFLW side starting in 2020? So reinvesting profits into the Club may be the answer to that philosophical question.

The Club is very different to government. Those within the Club actually like each other unlike our pollies and work together united towards a single purpose :yep. It's popular with the masses (when winning  ;) ) who are happy to hand over their hard earned to make the Club stronger and more powerful. The masses also willingly voted to give the Club (its Board) more executive powers.
All you touch and all you see is all your life will ever be - Pink Floyd

Online WilliamPowell

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Re: Concise Financial Report 2018
« Reply #13 on: November 22, 2018, 05:48:16 PM »
Its an interesting philosophical question, what does a not for profit sporting club do with its profits?
 Invest for a rainy day? Return profits to members?
 Its like a government who has no good ideas on how to spend the tax take and makes a profit/surplus, well why colect the Tax.
The bold is forbidden as that would class as paying dividends.

That $500k investment may be going towards the future expansion of our facilities with our AFLW side starting in 2020? So reinvesting profits into the Club may be the answer to that philosophical question.

The Club is very different to government. Those within the Club actually like each other unlike our pollies and work together united towards a single purpose :yep. It's popular with the masses (when winning  ;) ) who are happy to hand over their hard earned to make the Club stronger and more powerful. The masses also willingly voted to give the Club (its Board) more executive powers.

I would think the $500k is a short term deposit. Taken from excess cash from the day to day trading (operating bank account)

Or a release of a deposit or tender fee for one of the Leisure facility perhaps
"Oh yes I am a dreamer, I still see us flying high!"

from the song "Don't Walk Away" by Pat Benatar 1988 (Wide Awake In Dreamland)

Offline one-eyed

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Re: Concise Financial Report 2018
« Reply #14 on: November 22, 2018, 05:52:02 PM »
Its an interesting philosophical question, what does a not for profit sporting club do with its profits?
 Invest for a rainy day? Return profits to members?
 Its like a government who has no good ideas on how to spend the tax take and makes a profit/surplus, well why colect the Tax.
The bold is forbidden as that would class as paying dividends.

That $500k investment may be going towards the future expansion of our facilities with our AFLW side starting in 2020? So reinvesting profits into the Club may be the answer to that philosophical question.

The Club is very different to government. Those within the Club actually like each other unlike our pollies and work together united towards a single purpose :yep. It's popular with the masses (when winning  ;) ) who are happy to hand over their hard earned to make the Club stronger and more powerful. The masses also willingly voted to give the Club (its Board) more executive powers.

I would think the $500k is a short term deposit. Taken from excess cash from the day to day trading (operating bank account)

Or a release of a deposit or tender fee for one of the Leisure facility perhaps
Cheers WP.

Does the full annual report give any idea what it will be used for now? Another tender fee?