Hall of Famer
- May 17, 2004
- AFL Club
We’d be the dumbest idiots in the world to declare like a 10mn profit as it would guarantee the afl would reduce our future dividend by millions as we d look self sufficient , we need to build a war chest that will likely fund much of the pro redevelopmentNot 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.