St Kilda Annual Report 2010

[saintbrat]

now up online drop down under " the Club"
http://www.saints.com.au/portals/0/sain ... rt2010.pdf

could all good business persons peruse and let us know in laypersons terms-

and all bad business persons or lay persons let us know what you think it says too

[Eastern]

Surely we've got someone who wears leather patches .... in between wearing mankinis ans kimonos ....who can give us a reasonable assessment !!

[Oldtimer]

Making it as simple as possible, for the y/e 31/10/10:
Total revenues S37.9m (up by $10.2m from 2009)
Net Profit $7.5m (up by $6.3m on 2009)
Balance Sheet has a surplus of $7.5m (2009 defecit $125k)
Basically the club has spent $8m during the year on the new facility funded mainly by the year's profit.
I had a fair bit of involvement with the club financially during the 90's and early 2000's and these figures are the best the club has had in the modern era. You cannot win premierships on the smell of an oily rag! The Saints are on the verge of repeating what occurred in the 60's. We just have to stop the off field distractions and put all energy into the pursuit of that elusive flag!

[Maxstar22]

now up online drop down under " the Club"
http://www.saints.com.au/portals/0/sain ... rt2010.pdf

could all good business men peruse and let us know in laymans terms-

and all bad business men or lay persons let us know what you think it says too

So businesswomen can't peruse it and give their thoughts??

[saintbrat]

fixed

oldtimer- what on earth is " Amortisation"?

I do get the following- an extra $1,200,000 Profit in memberships
and an extra $1,200.000 Profit in merchandise.

[Maxstar22]

fixed

oldtimer- what on earth is " Amortisation"?

I do get the following- an extra $1,200,000 Profit in memberships
and an extra $1,200.000 Profit in merchandise.

Thanks Bratty, but I was only joking

IIRC, Amortisation is the when you reduce the amount of a debt through regular repayments until the total of the debt has been paid. Also, it can be described as "depreciation" of certain assets that could be classified as "intangible".

If you could post the section in the report that refers to amortisation, then I might be able to explain it better.

Someone that is still in the game might be able to clarify it better than me though.

[saintbrat]

Page 19 of
http://www.saints.com.au/portals/0/sain ... rt2010.pdf
Amortisation of:
Leasehold improvements 2010 55,718 2009 63,392

it was used somewhere else also but I can't just find it.