Hall of Famer
- Dec 4, 2000
- The Bay
- AFL Club
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Also commercial capital loans are basically underwritten by the AFL.
Without all the relevant information I really can't tell.
The poor gates and lower membership certainly doesn't help the cash flow.
Also the capital value is basically worth less. Council owns the land so cant demolish the joint after full capital depreciation.
What they can do is minimise the impact on the P&L by first capitalising the CWIP and back date it to July 1. Full year depreciation on the whole complex.
Once fully depreciated, revalue the structure and t then start the depreciation process again.
Still think the debt is nothing to be concerned about.
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