Didnt sound like We have banked any AFL riches either
Analysis AFC finances - Rich Club, Poor Club?
- Thread starter Deaneus!
- Start date
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Can you post the financials when you get a chance? I’ve got an ‘Andrew Fagan, I was wrong’ thread to create, but I just need to make sure there’s nothing to suggest that footy profit was up by a bigger amount than our improved result. Last year’s format was pretty good.
- Mar 21, 2014
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- #554
Washing hair is looking mighty sexy compared with this thread.
And clear $1.2m debt.In spite of the massive spend on eSports, we managed to turn a profit
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Deaneus!
We Await Silent Tristero's Empire
- Thread starter
- #556
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
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
Ian Dunross
Premiership Player
- Mar 18, 2013
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How much $ does the club make from AO?
Still nothing??
Next Gen Rookie
Club Legend
jackster83
The leader of the bunch.
Whoever is in charge of merchandise needs to be sacked. Massive drop in sales/revenue.
Haven’t they pulled out of merchandise?
Nice increase in sponsorship revenue
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Drugs Are Bad Mackay?
Moderator
- May 24, 2006
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Who?
600k drop in revenue from in store merch and 40k from match day is mental!
Next Gen Rookie
Club Legend
We did play in a GF in 2017 - that would have helped sell more stuff.
Next Gen Rookie
Club Legend
But it would appear the new structure with merchandising (with Rebel Sport running Crowmania) is costing us $200K a year.
2016 merch income - 391K
2017 merch income - 385K
2018 merch income - 158K
Deaneus!
We Await Silent Tristero's Empire
- Thread starter
- #572
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
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.
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*erS, WE'RE GETTING A NEW LOGO
THAT'S RIGHT MOTHER*erS, 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.
- Mar 20, 2013
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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.
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?
Deaneus!
We Await Silent Tristero's Empire
- Thread starter
- #574
It probably is, but it’s way more fun to speculate wildly, and I needed something to make me smile today.
The odd thing is, if we gave all the merch to Rebel Sport, then yeah we’d have no inventory, but the note to the accounts says “obsolescence” which is a very odd note to use for inventory like we have.
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