Resource 2015 Annual Reporting Season. -now complete.

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bombersfan4000 said:
Aren't the dogs doing some of land development in the western suburbs somewhere?
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Water Edge which started in around 2011 and ended in a bit of a mess unfortunately as time went on with Prizac (developer) and the council, 3 floors were being worked on with external structure then stopped in 2015. It's unclear if another developer could finish or look for a smaller project with someone else. I think Gordon himself donated money we spent on it back and tried to hold the developer to account from the agreement contract.

We have Ballarat too look forward too at lest.
 
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BallaratBulldog said:
Water Edge which started in around 2011 and ended in a bit of a mess unfortunately as time went on with Prizac (developer) and the council, 3 floors were being worked on with external structure then stopped in 2015. It's unclear if another developer could finish or look for a smaller project with someone else. I think Gordon himself donated money we spent on it back and tried to hold the developer to account from the agreement contract.

We have Ballarat too look forward too at lest.
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Trust he sold his shares in the old law firm before it tumbled.
http://www.asx.com.au/asx/research/company.do#!/SGH
 
Kwality said:
Equalisation payment exceeded declared profit - I accept minor details are irrelevant to some.
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Hey Kwality. I don't know your thoughts but I'm not impressed with this result. Whilst there have been improvements in some areas of income, the 'profit' was pretty much derived from increase payments from the Future Fund & turning (I don't know the correct accounting term) $500k of debt into income. Could you also define 'Communications' income as it has been decimated from $276k to just under $100k.

In an earlier posting plagiarised from the internet, it stated the Bulldogs were still $9.75million in debt. I give up, how did they come up with $9.75million?
 
Last year it was about 2m from the disequal distribution and about 2.5 from other sources (prize money, promotion) but I think it has to have dropped, because they say their other sources of revenue (memberships, crowds, sponsorship and merch) all went up and while total Swans revenue is down about $1m (some of that drop would be prize money).
 
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The_Wookie said:
Theres a large number of clubs releasing reports later than usual this year, as of earlier in the week they still arent available for Fremantle, Indian Pacific (West coast), GCFC, Western Sydney, North Melbourne, Adelaide and Port Adelaide.
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The same could be said for both the afl and nrls governing bodies usually have they annual reports released by now
 

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An overview:
http://www.theage.com.au/afl/afl-news/afl-season-2016-debt-down-but-losses-mount-for-afl-clubs-20160206-gmnb1h.html

An analysis of the annual reports lodged by the 10 clubs showed them making a combined loss of just over $2 million last year from revenue of $501 million.

..... the league could lose about $20 million this year primarily due to the increased cost of supporting 18 clubs in the last year of the current broadcast deal.
 
On the other hand clubs apparently cut debt by 5 million, its not all negative. Not worried in the slightest by predicted losses this year for the league either - depending on the reasons for that loss, for example, it will be somewhat worrying if that funding "to support 18 clubs" is almost entirely directed at GWS - i wonder how much of it is predicted support/compensation required for the Essendon stuff, and setting up a brand new womens comp from scratch, and funding for the new indigenous/multicultural academy stuff.
 
The_Wookie said:
On the other hand clubs apparently cut debt by 5 million, its not all negative. Not worried in the slightest by predicted losses this year for the league either - depending on the reasons for that loss, for example, it will be somewhat worrying if that funding "to support 18 clubs" is almost entirely directed at GWS - i wonder how much of it is predicted support/compensation required for the Essendon stuff, and setting up a brand new womens comp from scratch, and funding for the new indigenous/multicultural academy stuff.
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A big contributing factor to a lot of clubs debts can be basic things like investments in side business and new facilities.
Like for Essendon out side of the whole asada stuff it carried debts going into last season of $3 to $4 million after investigation over $30 million in the new tullarmarine facility. Clubs like hawthorn will go in to in to debt once they start the facility down at the dingly dump:D.

Clubs like the lions and saints are the bigger worry after years of stupid admin decisions
 
bombersfan4000 said:
A big contributing factor to a lot of clubs debts can be basic things like investments in side business and new facilities.
Like for Essendon out side of the whole asada stuff it carried debts going into last season of $3 to $4 million after investigation over $30 million in the new tullarmarine facility. Clubs like hawthorn will go in to in to debt once they start the facility down at the dingly dump:D.

Clubs like the lions and saints are the bigger worry after years of stupid admin decisions
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Saints, Lions, Blues - they all need a good season or two in a row to get their supporters and sponsors back in gear - a Port like revival. Carlton need to stop sacking and paying out coaches and they'll be fine financially.
 
The_Wookie said:
Saints, Lions, Blues - they all need a good season or two in a row to get their supporters and sponsors back in gear - a Port like revival. Carlton need to stop sacking and paying out coaches and they'll be fine financially.
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True, a club like Carlton aside from being a basketcase on field like essendon, built that legends stand at princess park that initially screwed the club over.

The power were lucky because of David kosch. Similar to the Eddie Maguire effect at collingwood, being a large well known media presenter on TV will always be help attract sponsors and fans
 
The_Wookie said:
Saints, Lions, Blues - they all need a good season or two in a row to get their supporters and sponsors back in gear - a Port like revival. Carlton need to stop sacking and paying out coaches and they'll be fine financially.
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An article showing a $2m loss and $5m reduction in debts shows it was written by football writers, not financial writers (they could have consulted at least!). Also curious is that the total revenue was slightly lower in 2015 compared to 2014.

4 Vic clubs made a loss...
Geelong -3.3m, mostly stadium/facilities related (writing off the old stands they tore down as I recall).
Carlton -2.7m, as you say, sacking coaches, but also just being at the bottom with little hope will hurt a lot too.
Essendon -1.3m, mostly due to the drugs issues.
St Kilda, ~900k...Well, it's a lot better than the 2 previous years...

You'd think of those, only St Kilda has serious, long term financial issues (although Carlton & Geelong are also a concern if things don't go right for them) and while EFC probably has another couple of years of pain ahead of them, they're probably fundamentally strong enough to get through it (albeit weaker for the experience).
 
telsor said:
An article showing a $2m loss and $5m reduction in debts shows it was written by football writers, not financial writers (they could have consulted at least!). Also curious is that the total revenue was slightly lower in 2015 compared to 2014.

4 Vic clubs made a loss...
Geelong -3.3m, mostly stadium/facilities related (writing off the old stands they tore down as I recall).
Carlton -2.7m, as you say, sacking coaches, but also just being at the bottom with little hope will hurt a lot too.
Essendon -1.3m, mostly due to the drugs issues.
St Kilda, ~900k...Well, it's a lot better than the 2 previous years...

You'd think of those, only St Kilda has serious, long term financial issues (although Carlton & Geelong are also a concern if things don't go right for them) and while EFC probably has another couple of years of pain ahead of them, they're probably fundamentally strong enough to get through it (albeit weaker for the experience).
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Geelong will be fine in the long term. The AFL can always schedule more games at Kardinia Park for the Cats, and Dangerfields recruit has seeen Geelongs membership climb this season. Essendon will probably end up with the same kind of interest free loan Carlton got to pay off its AFL fines, and rattle some tins and coterie members for the rest. Carltons membership has responded to some extent to the message of hope and renewal coming out of the Blues so far this season. The Saints have had some good sponsor announcements and could end up in the black this season if things go their way.

Im keen to see how much they spent on GWS this year though.
 
bombersfan4000 said:
A big contributing factor to a lot of clubs debts can be basic things like investments in side business and new facilities.
Like for Essendon out side of the whole asada stuff it carried debts going into last season of $3 to $4 million after investigation over $30 million in the new tullarmarine facility. Clubs like hawthorn will go in to in to debt once they start the facility down at the dingly dump:D.

Clubs like the lions and saints are the bigger worry after years of stupid admin decisions
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Not sure Hawthorn will have the ASADA distraction though. Dingley dump or not...

Just gotta hope we get the same generosity from the state government that Essendon had when building Tulla.
 
Hawkk said:
Not sure Hawthorn will have the ASADA distraction though. Dingley dump or not...

Just gotta hope we get the same generosity from the state government that Essendon had when building Tulla.
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How much exactly was that? It was a small amount in the contrast of things & yiubwill find that nearly all clubs will receive some government funding to build such a facility. Then again it's not like they are receiving it each year for survival in a dodgy sponsorship set up by a former liberal politician:thumbsu:
 
bombersfan4000 said:
How much exactly was that? It was a small amount in the contrast of things & yiubwill find that nearly all clubs will receive some government funding to build such a facility. Then again it's not like they are receiving it each year for survival in a dodgy sponsorship set up by a former liberal politician:thumbsu:
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Perhaps but hey with the way the ASADA thing has gone and the impact it has had on the Essendon books perhaps an opportunity could arise for Essendon to replace Hawthorn down there. With the AFL's steadfast commitment to financial equalisation and all that :drunk:

Just to clarify, did Essendon receive state government assistance for its Tulla project?
 
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Hawkk said:
Perhaps but hey with the way the ASADA thing has gone and the impact it has had on the Essendon books perhaps an opportunity could arise for Essendon to replace Hawthorn down their. With the AFL's steadfast commitment to financial equalisation and all that :drunk:

Just to clarify, did Essendon receive state government assistance for its Tulla project?
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they did! the amount has been far less that what the pies have received, and the once off payment is similar to the regular payment made out to the hawks every year
 
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