- Thread starter
- Moderator
- #26
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Impressive result from Richmond to grow revenue from $47.5m in 2016 to $65.1m in 2017 to $79.7m and the increase in the Health and Fitness business has only gone from $2.4m to $8.6m to $14.2m and gambling revenue has only increased by $400k over 3 years to go to $7.6m. Winning on the field was the big driver in winning off the field and taking an $80k loss to a $3.06m and then $4.21m profit.Richmond concise report is out
https://s.afl.com.au/staticfile/AFL Tenant/Richmond/Files/Concise Financial Report 2018.pdf
Impressive result from Richmond to grow revenue from $47.5m in 2016 to $65.1m in 2017 to $79.7m and the increase in the Health and Fitness business has only gone from $2.4m to $8.6m to $14.2m and gambling revenue has only increased by $400k over 3 years to go to $7.6m. Winning on the field was the big driver in winning off the field and taking an $80k loss to a $3.06m and then $4.21m profit.
Net profit is the true accounting bottom line and represents the result after including non cash items including depreciation and amortisation.Wookie on Hawks reporting sheet it says>The Club is delighted to announce a net profit for the year ended 31 October 2018 of $2,011,363
Then on the next line it says>>The consolidated net profit attributable to the members of the Group for the year ended 31 October 2018 is $4,626,038 (Consolidated 2017: $4,763,638).
So whats the difference between the 2 figures?
Well im guessing the first mentioned is their true NET profit $2,011,363
Even bombers>Essendon announce a comprehensive profit of $3,571,871
But true net figure>>Essendon Football Club is delighted to announce a net operating profit of $2,321,871 for the 2018 financial year
For Richmond it states>>Off-field, the Club will report a profit of $4.21 million for the financial year ended October 31. The Club’s operating profit was $5.54 million before amortisation and depreciation. The Club generated total revenue of $79.8 million, an increase of $14.6 million year-on-year.
So does the operating profit of $5.54 million mean the same as hawks consolidated net profit and bombers comprehensive profit?
U
Net profit is the true accounting bottom line and represents the result after including non cash items including depreciation and amortisation.
The most relevant and important result is the Operating result before these non cash items are deducted as the clubs net cash flow is the most meaningful indicator of the businesses trading performance. Simply cash in / cash out.
All three clubs reported outstanding trading performances represented by great operating results. Richmond $5.54M, Essendon $5.7M and Hawthorn $5.05M I believe are all excellent results.
Richmond clearly reaping the benefits of a premiership (est +$8.0M additional revenue flowing in from its operations).
Essendon despite not playing finals generating strong revenue growth once donations are removed.
All clubs with very different business models have achieved powerful results for their members.
Wookie on Hawks reporting sheet it says>The Club is delighted to announce a net profit for the year ended 31 October 2018 of $2,011,363
Then on the next line it says>>The consolidated net profit attributable to the members of the Group for the year ended 31 October 2018 is $4,626,038 (Consolidated 2017: $4,763,638).
So whats the difference between the 2 figures?
Well articulated Dave, clarified a few points i wasn't sure of, i understand it fully now!
Agree all of Ess, Rich, and hawks have announced outstanding results.
I will say Essendons operating profit is excellent based on almost same Revenue of 65.092m from 2017
Richmond increased revenue by almost 15 mil from 2017 to almost 80 mil but similar operating result to Ess.
I will say my tiges have come a long way since SOS and even in 2005 where we had a net asset deficiency of 704,000 but as of 2018 have a net asset position of $31,364,372 plus almost 14 million in cash reserves.
Hawthorn the football club that runs a team in the AFL, owns some pokies up at Waverley and leases out some of the buildings at Waverely made an Operating Profit of $2.011m.Wookie on Hawks reporting sheet it says>The Club is delighted to announce a net profit for the year ended 31 October 2018 of $2,011,363
Then on the next line it says>>The consolidated net profit attributable to the members of the Group for the year ended 31 October 2018 is $4,626,038 (Consolidated 2017: $4,763,638).
So whats the difference between the 2 figures?....
So without the Moorabbin grants, St.Kilda's revenue was $40.7 Million with AFL distributing $20.5 Million to them. Not good.
Loans and borrowings now over $9.5m. It's not surprising that the Saints have tried to bury this ordinary result by putting this out on draft day.
So they lost 3 million despite around 7 million or so in AFL handouts?
Jesus.
Well, they did have accelerated depreciation of their former Seaford base of $1.75m as part of that to be fair.
Bulldogs have announced a $2.2m profit. Other significant figures:
Operating revenue $51.5m
Assets $45.8m
Cash on hand: $7.9m
Bank debt $0