Another brilliant result from Brendon Gale and his administration. $24.4 million in cash reserves shows we are clearly a sporting and financial powerhouse.
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 hook
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.
Health, Fitness and Community is Aligned Leisure costs. As AL wins contracts, we absorb costs associated with managing leisure assets of the contracted entity, such as staff, maintenance and consumables. Revenue from such contracts is grouped in Revenue from Contracts with Customers.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.
Revenue from contracts with customers 91,423,509
Income from grants 500,000
Interest revenue 321,266
TOTAL ASSETS: 59,697,480
• 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
• 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.