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Another brilliant result from Brendon Gale and his administration. $24.4 million in cash reserves shows we are clearly a sporting and financial powerhouse.The 2019 finacials have been posted out via email, with more detail to come.
- $92.2m revenue
- $4.1m profit
- $24.4 cash reserves
The 2019 finacials have been posted out via email, with more detail to come.
- $92.2m revenue
- $4.1m profit
- $24.4 cash reserves
$24.40 cash reserve... Damn.
$24.40 cash reserve... Damn.
Won't even get us half a slab.$24.40 cash reserve... Damn.
Benny's original plan was zero debt. 75K members and a flag. He should be sacked. We got nowhere near it.... Although in his defence that was the 5 year plan. So he's off the hookThe 2019 finacials have been posted out via email, with more detail to come.
- $92.2m revenue
- $4.1m profit
- $24.4 cash reserves
When did norf reach double digits in membership?Can't wait to see how much cash the AFL take off us to make sure Norf and their 11 members don't fold.
No b? $ 24b. They want RFC inc, to overtake BHPThere’s no “m”
Does that mean it’s only $24 dollars & 40 cents?
2 slabs of Pies pissWon't even get us half a slab.
Great result.
Congrats to all at the Club, and those listed in the Treasurer's Report.
Haere Ra
There’s no “m”
Does that mean it’s only $24 dollars & 40 cents?
Can't wait to see how much cash the AFL take off us to make sure Norf and their 11 members don't fold.
Great to see we are expanding into the Leisure and Community sector which will bring in more fans. Increased revenue has allowed us to spend an extra 10M in this area.
View attachment 780108
Not suggesting it's a problem because any meaningful analysis requires more than 2 years of figures (and the notes), however our Revenue grew about 15% yet the bottom line fell 2.3%, which is not a big fall, but some bottom line growth off 15% more turnover might have been nice.
There must be some significant investment going on to grow one line of expenses (Health Fitness and Community) by a whopping 70%. Notable are the additional finance costs on leased assets. Hopefully there is more Income growth to come off the same or similar expenses.
Also Finance and Admin costs increased 20% off that 15% Revenue growth. Hopefully that gap closes a bit too.
Any records with our VFL sides...?!?!Monster club. Will go close to having the highest turnover of any club, need to see what west coast releases.
Quite simply, an amazing result and with 24.4 mill in cash reserves the club is awash with money.
Off-field the Club is reporting a profit of $4.1 million for the financial year ended October 31. The Club generated total income of $92.2 million, which represented an increase of 16% year-on-year. The Club is in a very sound financial position with cash reserves of $24.4 million.
INCOME:
Revenue from contracts with customers 91,423,509
Income from grants 500,000
Interest revenue 321,266
TOTAL: 92,244,775
PROFIT: 4,112,768
TOTAL ASSETS: 59,697,480
Highlights:
• The Club attracted average home crowds of 59,987, which was the highest home crowd
average in the AFL. This is the third year running we have been number one.
• Total home and away and finals attendance of 1.35 million (2nd in the AFL).
• Our marquee matches again delivered excellent attendances – Season Opener (85,016),
Dreamtime (80,176), ANZAC Eve (72,704).
• Six of the ten biggest crowds for the year were matches featuring our team.
• We had a total TV audience for the season of 20.46 million – the largest TV audience in the
AFL.
• Our official AFL membership number of 103,358 was a 2.6% increase on 2018. We remain the
only Club to attract in excess of 100,000 members in the history of the game and now we have
done so in consecutive years.
• We were not only AFL number one for membership, but were also 14.3% ahead of second
place (West Coast) and 76% above the industry average.
They left out Dustys parking ticket in the expenses-(500K).Great to see we are expanding into the Leisure and Community sector which will bring in more fans. Increased revenue has allowed us to spend an extra 10M in this area.
View attachment 780108
Cheaper to let them repo his car!They left out Dustys parking ticket in the expenses-(500K).
Think Dusty will don't argue that prospect.Cheaper to let them repo his car!