Didnt sound like We have banked any AFL riches eitherDidn’t sound like we’ve banked any E-sports riches yet, can anyone confirm?
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Didnt sound like We have banked any AFL riches eitherDidn’t sound like we’ve banked any E-sports riches yet, can anyone confirm?
In spite of the massive spend on eSports, we managed to turn a profitDidn’t sound like we’ve banked any E-sports riches yet, can anyone confirm?
I got to this bit, and my brain said, "until learned individuals on this board have gone over the financial statements"
and then
and this was slightly less personally fulfilling, but way, way funnier
Washing hair is looking mighty sexy compared with this thread.Wont be going. Got to wash my hair.....
The best part about today is when we release the financial result and learn all about accounting from the Port Board.
It is like a CPA event.
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And clear $1.2m debt.In spite of the massive spend on eSports, we managed to turn a profit
Still nothing??Still waiting for the financials
Have emailed the club again, website has not been updated
https://www.afc.com.au/club/information/club-documents
Damn i get impatient for the strangest things
Haven’t they pulled out of merchandise?Whoever is in charge of merchandise needs to be sacked. Massive drop in sales/revenue.
Haven’t they pulled out of merchandise?
Who?Haven’t they pulled out of merchandise?
600k drop in revenue from in store merch and 40k from match day is mental!Whoever is in charge of merchandise needs to be sacked. Massive drop in sales/revenue.
600k drop in revenue from in store merch and 40k from match day is mental!
600k drop in revenue from in store merch and 40k from match day is mental!
Great job.View attachment 631311
Revenues! Looks like we maxed out tickets and there's nowhere to go at the minute, unless we change prices. Sponsorship up $1.4M, AFL revenue down by $466K, corporate boxes up $134K (that's about one box, lol). Revenue up 2.06% from last year, but this wouldn't have the impact of Optus, so that will be interesting to see in next year's accounts.
Government obviously believe we're doing good, with our grant for Ready Steady Crow up.
Merchandise, WTF? Net revenue for merch down $258K, that's a lot of guernseys! Plus, the gross margin dropped significantly, which it shouldn't do. Something's happening here (refer below)
Net revenues up $1.1M
View attachment 631310
Not much i can say here. Ups and down depending on the categories - i will note that admin is down $468K, but the employee benefits are up - I presume that's where the salary cap goes, so not surprising either.
Net expenses up $709K. Net profit $3.8M, yes please.
View attachment 631309
Well, there's nothing quite like a healthy cash balance. Trade receivables pretty unchanged.
No inventories? Interesting. When you look up the note, it says provision for obsolence.
Yes, that's right.
You know what that means.
You can feel it right?
Check this out:
When your merchandise returns drop by half, it's because the line of stock you have is tired. Then you write off all the stock, because you have to replace it with something new and exciting.
THAT'S RIGHT MOTHER******S, WE'RE GETTING A NEW LOGO
and that's not even the coolest thing in here. This is a very interesting report, very interesting.
And there's even an "error". **** me. I'll have to send an email and ask. Will get onto it later. Wow.
Great job.
On your new logo, writing off held stock link...
Could it be that as part of the change from managing Crowmania to Rebel Sport taking it over we no longer hold the stock so is accounted for due to that handover?
I have no idea, not my field but seems logical depending on th timeline of that?