2020 Financials Thread

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NoobPie

Norm Smith Medallist
Sep 21, 2016
6,269
4,296
AFL Club
Collingwood
Vic government is throwing money at any construction project they can find lately. Supposedly it's for Covid recovery, but it's so much in one sector of the economy you can only conclude that the CFMEU must have Dan by the short and curlies.

These deals are just the loose change that's fallen by the wayside.

1) what has been announced has not all gone into one sector....I've not been keeping track but there has been substantial money going to hospitality / tourism sectors including the voucher announced yesterday
2) construction is generally hit hard during a recession and this one, where migration has completely stopped, is likely to make that even harder
 

Rob

Brownlow Medallist
Nov 8, 2000
29,170
15,960
South of the river
AFL Club
Fremantle
Other Teams
Peel Thunder
It's going to be interesting to see how clubs treat all those membership payments that they're providing a credit for next year. Technically it should be reported as income next year, however until the member actually signs up as a 2021 member that (non refundable) credit isn't a prepayment yet.
If it's all reported as income this year, then a lot of the financial pain won't show up until next year.

From an accounting perspective, you could make an argument to go either way.
 

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Kwality

Brownlow Medallist
Aug 14, 2011
27,894
10,398
Tootgarook
AFL Club
West Coast
Other Teams
Renault F1
Essendon's report is now available. A $1.2m comprehensive profit but as they point out it would have a $3.7m loss without grants and donations for their facilities expansion.

Bloody good effort to get the $numbers out do quickly & the operating loss is excellent.
The numbers will make interesting reading.
 

telsor

Hall of Famer
Aug 29, 2004
32,501
30,844
Here
AFL Club
Richmond
Other Teams
Habs
Essendon's report is now available. A $1.2m comprehensive profit but as they point out it would have a $3.7m loss without grants and donations for their facilities expansion.

A good result overall, but yeah, looking through the numbers, there is a lot of influence from the hanger project.

A lot of clubs are going to have interesting numbers, this year and probably for a few more after. With adjustments to how clubs are run, projects like the hangar, and corrections like Rob mentioned a few posts back, there could be a bit of a rollercoaster for a while.

These are times when you better hope your club is well managed.
 

Kwality

Brownlow Medallist
Aug 14, 2011
27,894
10,398
Tootgarook
AFL Club
West Coast
Other Teams
Renault F1
A good result overall, but yeah, looking through the numbers, there is a lot of influence from the hanger project.

A lot of clubs are going to have interesting numbers, this year and probably for a few more after. With adjustments to how clubs are run, projects like the hangar, and corrections like Rob mentioned a few posts back, there could be a bit of a rollercoaster for a while.

These are times when you better hope your club is well managed.
The devil is always in the detail.
 

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