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http://www.heraldsun.news.com.au/footy/common/story_page/0,8033,17272536%5E20322,00.html
HAWTHORN has recorded a small profit of $90,937, its ninth in succession under the presidency of Ian Dicker.
Chief executive Ian Robson said the club was delighted with the result, considering the challenges the Hawks had faced during the year.
"It's been a mixed bag of outcomes right across our business," Robson said yesterday.
"We've had improved attendances and gate takings, but we were down in membership initially.
"One of the consequences of having 10 players make their debut meant we blew our budget on transfer fees significantly.
"But we were delighted that despite those challenging trading conditions, we were able to record a profit, and we still have a positive balance sheet.
"Those include cash reserves, unencumbered assets like the social club, and one of the other areas where we had a fantastic return was our investments."
Hawthorn's profit was achieved on a turnover of $29.46 million, up from $27.75 million in 2004. It has a total of $4,368,000 in cash ($1,649,000) and shares ($2,719,000) invested.
Memorabilia collected by the club throughout the years has been independently valued for insurance purposes at $1,716,860. That figure is not recorded in the financial statements.
One of the largest increases in revenue was from donations and special fundraising efforts: $1,582,269 in 2005, as opposed to $260,874 in 2004.
Robson said this figure was achieved from several well-publicised efforts, including a private auction staged in October.
"The club was very grateful for the support of a wide range of supporters and sponsors," Robson said. "The most notable example of that was the private auction that was held in mid-October."
Robson said because it was unencumbered by debt, the club was able to negotiate key tenancy agreements at the MCG.
"But you can never get complacent," he said.
"The beauty of the Victorian market is that there is such devotion and focus on footy, but equally the competition is intense for corporate and hospitality dollars.
"Annually we go out and beat the drum to get our members to renew and support the club with their cheque books and their wallets, because it's just so crucial."
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Very impressive considering the terrible season we had.
Hawthorn remains in the top 3 out of the Victorian clubs for turnover, which is important
HAWTHORN has recorded a small profit of $90,937, its ninth in succession under the presidency of Ian Dicker.
Chief executive Ian Robson said the club was delighted with the result, considering the challenges the Hawks had faced during the year.
"It's been a mixed bag of outcomes right across our business," Robson said yesterday.
"We've had improved attendances and gate takings, but we were down in membership initially.
"One of the consequences of having 10 players make their debut meant we blew our budget on transfer fees significantly.
"But we were delighted that despite those challenging trading conditions, we were able to record a profit, and we still have a positive balance sheet.
"Those include cash reserves, unencumbered assets like the social club, and one of the other areas where we had a fantastic return was our investments."
Hawthorn's profit was achieved on a turnover of $29.46 million, up from $27.75 million in 2004. It has a total of $4,368,000 in cash ($1,649,000) and shares ($2,719,000) invested.
Memorabilia collected by the club throughout the years has been independently valued for insurance purposes at $1,716,860. That figure is not recorded in the financial statements.
One of the largest increases in revenue was from donations and special fundraising efforts: $1,582,269 in 2005, as opposed to $260,874 in 2004.
Robson said this figure was achieved from several well-publicised efforts, including a private auction staged in October.
"The club was very grateful for the support of a wide range of supporters and sponsors," Robson said. "The most notable example of that was the private auction that was held in mid-October."
Robson said because it was unencumbered by debt, the club was able to negotiate key tenancy agreements at the MCG.
"But you can never get complacent," he said.
"The beauty of the Victorian market is that there is such devotion and focus on footy, but equally the competition is intense for corporate and hospitality dollars.
"Annually we go out and beat the drum to get our members to renew and support the club with their cheque books and their wallets, because it's just so crucial."
............................................................................................................................
Very impressive considering the terrible season we had.
Hawthorn remains in the top 3 out of the Victorian clubs for turnover, which is important
