I think it's the $5mill we seem to have borrowed last year.
Yep, didn't look at last year's cash flow figures, pretty obvious now.
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I think it's the $5mill we seem to have borrowed last year.
we should be making a profit.
And certainly you can think that, but there's also a counter-argument: Roo could rent out those rooms to normal paying customers, why should he give a discount? It's all well and good he gives up his time to the club, they shouldn't also expect him to give up rooms in his hotel for free.
Also, maybe they did get it cheaper.
If we went during Tunarama, then all is good. If we didn't go during Tunerama, i would like to see the normal occupancy rates for the establishment. if we filled empty rooms, it would want to be cheaper.
Rooms are always empty before being filled.
Arent the Crows looking for a city venue?I don't agree with this, we are a football club not a company with shareholders. We should budget to spend almost every dollar of income in the best possible way and if we earn more money than we forecasted we should still spend it on improving the football club by bringing in new experts in any field that would help us, by improving facilities or getting existing staff members new qualifications and education. Unless they are saving for a major purchase like Hawthorn and west coast are doing, spend the money, make sure we have the best people we can get in every department and make sure our facilities are as good as they could possibly be.
Money in the bank doesn't win premierships.
Did we make another large loss?
Arent the Crows looking for a city venue?
It's speculated but they have a lease for AAMI stadium until 2048 already paid for, so it's unlikely unless someone buys that lease for a handsome sum of money.
We can't keep operating like that. That's pretty close the line, closer than I'd be comfortable with.
I don't agree with this, we are a football club not a company with shareholders. We should budget to spend almost every dollar of income in the best possible way and if we earn more money than we forecasted we should still spend it on improving the football club by bringing in new experts in any field that would help us, by improving facilities or getting existing staff members new qualifications and education. Unless they are saving for a major purchase like Hawthorn and west coast are doing, spend the money, make sure we have the best people we can get in every department and make sure our facilities are as good as they could possibly be.
Money in the bank doesn't win premierships.
Aren't the losses designed to pay off the Westpac centre quicker rather than over a long period of time? Thats what I heard in the Trigg days, not sure whether spin or not. But that seems legit as no one is making a song and dance about us actually losing money etc. In other words, we aren't Port.
Was not the real main reason for why we made big losses.I think you're referring to the claim of accelerating the depreciation of the centre. This was debunked by someone because depreciation was reasonably consistent between the periods, if I recall correctly.
Non-accountant opinion: could the overdraft be because our cashflow is strongly seasonal?
Can't forget those results are from 1 November 2014 to 31 October 2015. A lot of water has gone under the bridge since then.
That was my point. It's "pretty" current, insofar as two thirds of the new year are done and dusted.I'd have thought that was pretty current