Analysis AFC finances - Rich Club, Port Club?

(Log in to remove this ad.)

Vikingblood

Brownlow Medallist
Suspended
Joined
Apr 4, 2012
Posts
22,560
Likes
20,187
Location
Catfish City
AFL Club
Adelaide
Hopefully they tell us why releasing the financials at 5pm on Friday would have been a better way to go.
Probably got that advice from Jay Wetherill. Politicians are the masters of releasing good and bad news at the optimum time to either highlight it or hide it.
 

simmo97

Club Legend
Joined
Aug 15, 2013
Posts
1,782
Likes
1,787
AFL Club
Adelaide
The Adelaide Football Club has tonight reported a cash operating profit of $3,828,935 (2017: $3,432,052) for the 2018 financial year.

The fourth-straight year of growth can be attributed to ongoing improvements and refinements across the organisation, as well as strong support from corporate partners and record membership.

It has allowed the Club to fully eradicate its debt, while increasing investment in both the men’s and women’s football programs in line with AFL-imposed limits.

Crows Chairman Rob Chapman spoke at the Club’s Annual Members Meeting and outlined strong performance across a number of key off-field indicators including:

  • Record membership, corporate and coterie support
  • Record revenue of $56.06m
  • Paid down $1.2m to now be debt free
  • Expansion of schools program Growing with Gratitude
  • Delivery of high-quality community programs including multicultural initiatives
  • Growing media platform with live broadcast and video production focus
  • Acquisition of Adelaide Bite baseball team
  • Further development of the Club’s esports and video gaming platforms
The Crows also continue to be a major contributor to the State’s football economy, with payments to the SANFL and South Australian Government.

Taking into consideration abnormal and non-cash items, the Club’s statutory profit was $1,506,002 (2017: $648,715) with this figure including depreciation and a donation to the Crows Children’s Foundation.

Chapman said Members and fans should take comfort that their Club is in a very healthy position.

https://www.afc.com.au/news/2019-02-28/club-financial-results
 

Elite Crow

Premium Platinum
Joined
Mar 21, 2008
Posts
47,544
Likes
61,749
Location
adelaide
AFL Club
Adelaide
When they say $1.6M includes depreciation, do they mean it’s still to be deducted or after depreciation? The latter could smash that figure down.
 
Last edited:

Geoffa32

Hall of Famer
Joined
Aug 17, 2007
Posts
42,300
Likes
33,699
Location
Adelaide
AFL Club
Adelaide
Other Teams
The Autobots and Team America
Sweet, that’s a great result
Nearly a mill better than last year when we made the GF. With two Finals at AO.
Plus paid down $1.2 debt to now be debt free.

And no doubt had some expenses around Collective Minds and ridding ourselves of them.

Sent from my SM-G930F using Tapatalk
 

(Log in to remove this ad.)

Tex Danger

Premiership Player
Joined
Mar 20, 2013
Posts
3,241
Likes
2,867
AFL Club
Adelaide
Nearly a mill better than last year when we made the GF. With two Finals at AO.
Plus paid down $1.2 debt to now be debt free.

And no doubt had some expenses around Collective Minds and ridding ourselves of them.

Sent from my SM-G930F using Tapatalk
2018 financial year includes 2017 GF and a lead in to a season with a lot of promise
 

Cap

Brownlow Medallist
Joined
Jul 27, 2004
Posts
29,244
Likes
12,741
Location
*cough*
AFL Club
Adelaide
Other Teams
Norwood
Depreciation is a non cash item so it really doesn't matter too much (unless we are holding the cash(or have the ability) to replace the item being depreciated.

Sure we haven't won that flag yet, but it appears on face value that we are in the right position to do it.

Now just hurry up
 

deaneus

You wouldn’t believe me if I told you
Joined
Nov 24, 2007
Posts
18,066
Likes
34,046
Location
RIP Ricky Jay & Harlan Ellison
AFL Club
Adelaide
Other Teams
The Black Caps
Thread starter Moderator #142
I'm going to reserve my judgement
I got to this bit, and my brain said, "until learned individuals on this board have gone over the financial statements"

and then

until it's been through the proper vetting process, that being the nufties on the Poort board.
and this was slightly less personally fulfilling, but way, way funnier
 
Last edited:

WAG

The People's Captain
Joined
Mar 3, 2010
Posts
13,515
Likes
7,792
Location
In the trenches.
AFL Club
Adelaide
Other Teams
Red Sox ~ Sturt FC ~ Mitcham Hawks
So for the layman, are we in a good position financially, and if so, what does this mean moving forward? I.e. does extra money now get funneled into development, or gameday experience, or..... ? What does debt free mean in practical terms. How would/should we be using this money that would have been going into debt? Do we need to invest it somewhere?

Fwiw, my wife is a senior accountant and I have a tendency to glaze over when she starts talking about work stuff, so please keep it veerry simple. :)

Actually really interested to know what it all means.
 
Joined
May 24, 2006
Posts
49,425
Likes
80,595
Location
Car 55
AFL Club
Adelaide
Other Teams
Redbacks, Sturt, Liverpool, Arizona
Moderator #147
It has allowed the Club to fully eradicate its debt, while increasing investment in both the men’s and women’s football programs in line with AFL-imposed limits.
There are no AFL-imposed limits are there? Just a tax if you go over a certain threshold
 
Top Bottom