Financial Report 2012

[Mr Magic]

The profit/loss figure will also be effected by how quickly the Club 'writes off' the costs of Seaford and 'works' at Moorabbin.

[magnifisaint]

Does this North Melbourne: $1,193,080 operating profit include AFL handouts?

[plugger66]

Does this North Melbourne: $1,193,080 operating profit include AFL handouts?

Of course it does but so does ours.

Also we are saying it is a 2.1 million dollar turn around. Does that mean we didnt add interest and depreciation to last years loss? Sounds like crap to me.

[Mr Magic]

Does this North Melbourne: $1,193,080 operating profit include AFL handouts?

Of course it does but so does ours.

Also we are saying it is a 2.1 million dollar turn around. Does that mean we didnt add interest and depreciation to last years loss? Sounds like crap to me.

I believe the "2.1 million dollar turnaround" figure is comparing last year's p/l to this year's p/l before taking into account the interest and depreciation deductions. If so, then it would show an improvement in our revenue/expenditure ratio.

I posted at the time (last year when the p/l figure became public) that I thought the figures may have been 'massaged' (legally) to produce the result they did - easily achieved by bringing expenditure forward into one accounting period and/or deferring revenue into another accounting period.
I see no reason to not make the same observations this year.

[plugger66]

Does this North Melbourne: $1,193,080 operating profit include AFL handouts?

Of course it does but so does ours.

Also we are saying it is a 2.1 million dollar turn around. Does that mean we didnt add interest and depreciation to last years loss? Sounds like crap to me.

I believe the "2.1 million dollar turnaround" figure is comparing last year's p/l to this year's p/l before taking into account the interest and depreciation deductions. If so, then it would show an improvement in our revenue/expenditure ratio.

I posted at the time (last year when the p/l figure became public) that I thought the figures may have been 'massaged' (legally) to produce the result they did - easily achieved by bringing expenditure forward into one accounting period and/or deferring revenue into another accounting period.
I see no reason to not make the same observations this year.

So based on that and counting interest and depreciation our loss last year could have been another million dollars?

[Mr Magic]

[]


So based on that and counting interest and depreciation our loss last year could have been another million dollars?

Not if you're comparing it with the 'final figure' of a 500k loss this year. It all really depends on what they're actually trying to show.
I know that sounds a bit nebulous but only those in the finance side of the Club actually know what the 'true picture' is.

Are they 'writing off' the Seaford development 'faster' than they're entitled to (legallly), which will deflate any profit figures for this current year (or last year) and therefore inflate the profit figure in future years.
I believed last year that the results published did not reflect the 'true financial performance' and that the Club had gone down the road of 'insuring' future years financial performance by including expenditure/write offs early. Remember that we didn't have a 'major sponsor' which should add a further1-2 million dollars to our profit if we had one.

But it is only my 'hunch' - I am not privy to any real figures. Just my gut feel based on what I read/see/hear.

[magnifisaint]

Does this North Melbourne: $1,193,080 operating profit include AFL handouts?

Of course it does but so does ours.

Also we are saying it is a 2.1 million dollar turn around. Does that mean we didnt add interest and depreciation to last years loss? Sounds like crap to me.

We don't get the same financial assistance that NM, WBulldogs or Melb receive. I'm talking about special assistance not distribution money that all clubs receive.

[White Winmar]

Pissing off Dave McNamara.
Turning up late for our first ever VFL game... hey, finally a good one on this list! [/quote]
Dave, don't forget they pissed Vic Cumberland off. He was only 43!

[saintbrat]

http://www.afl.com.au/news/newsarticle/ ... fault.aspx

Port 2 mill + in the red even after handouts

[Dave McNamara]

Pissing off Dave McNamara.
Turning up late for our first ever VFL game... hey, finally a good one on this list!
Dave, don't forget they pissed Vic Cumberland off. He was only 43!

Hi WW, Does this mean we've finally retired Vic???
Very sad, but..., necessary.
I posted on here recently about the age of our list... yet the elephant in the room that no one would talk about...!?!
So..., Cuddles and the Pelican really are the Taliban...?
No sacred cows..., take no prisoners... beards.win.premierships.
I'm liking it.



PS: Hey, sorry Vic mate, I'm only refering to 'cows' figuratively.
PPS: I wasn't pissed off by StK FC. The club pissed me off at them, and so I pissed off. (Funny thing, can't even remember exactly what it was over? Something to do with a fourth year and an extra £25p.a.? )

[3rd generation saint]

Mind you, we didn't have to deal with a psychotic school girl this year.

[saintbrat]

Mind you, we didn't have to deal with a psychotic school girl this year.

and from memory weren't paying out too many contracts.....

[Q-TRAIN]

How far off these Clubs will we be?

Richmond has done well.................53,000 members

2012 AFL CLUB FINANCIAL RESULTS

Richmond: $3,017,742 profit

Hawthorn: $2,023,720 profit

North Melbourne: $1,193,080 operating profit

Other clubs to follow

How much of Nth Melbournes money is AFL subsidy?

I agree about Nth Melb's financial numbers seeming a bit suss????
They only get about 50 people at their home games and 7 of them are selling pies!!!

[saintbrat]

anyone actually read through the report yet?
http://www.saints.com.au/Portals/0/imag ... t_2012.pdf

I did try to find North Melbournes report but not linked to their profit story-

[Chester's Saints]

Intersting to note that club reported an increase in membership net profit when we had less members than the previous year.

"Membership - net profit increase of $319k from Membership operations"

I can only think of two possibilites (there may be some incorrect financial terms used)
1) The additional cost of the scarf and hat to members, effectively reducing the cost of each membership to the club (increasing profit margin of each membership), while also receiving revenue from scarf and hat purchases.
2) 2013 membership payments were brought forward a month to commence in October, and therefore included in the 2012 Financial Report.

Interesting use of creative accounting.

Thoughts?

[saintbrat]

Re membership - could it be more the change from out sourcing to in house etc

Any thoughts on the strategic plan? Seems like Kingston council or being good neighbours again

[saintbrat]

How far off these Clubs will we be?

Richmond has done well.................53,000 members

2012 AFL CLUB FINANCIAL RESULTS

Richmond: $3,017,742 profit

Hawthorn: $2,023,720 profit

North Melbourne: $1,193,080 operating profit

Other clubs to follow

Lions
The Lions, announced a net loss of $2,513,262 for the financial year which ended on October 31.
Blues

Blues chief executive Greg Swan announced a net loss of $683,799.[/quote]

Western Bulldogs
on Monday announced a net operating loss of $136,679 for 2012.

Read more: http://www.theage.com.au/afl/afl-news/o ... z2DPATvEo0

St Kilda
St Kilda Football Club has announced an operating profit of $631,135 for the financial year ending 31 October 2012. After accounting for depreciation, amortisation and interest the Club made a net loss of $436,818.

The Demons reported an operating profit of $77,618 for the year ending October 31, with a statutory profit of $19,486.

[saintbrat]

Collingwood + $7.8 million
40,000 extra memberships will do that

[CURLY]

Collingwood + $7.8 million
40,000 extra memberships will do that

Not leaving the state and playing at the best timeslots most weeks will do that.

[joffaboy]

[St Kilda
St Kilda Football Club has announced an operating profit of $631,135 for the financial year ending 31 October 2012. After accounting for depreciation, amortisation and interest the Club made a net loss of $436,818.

Hilarious. Now the club is reporting EBITDAR as the profit

My god, and they think anyone with any semblance of accounting acumen will fall for that???????

Jesus

[matrix]

so really...
we lost half a million and didnt make a profit at all?


pies at 7.8
even if that over inflated by a couple a 5 mill profit is unreal when other clubs are losing 2 mill hand over foot yearly

[Dave McNamara]

Collingwood + $7.8 million
40,000 extra memberships will do that

Not leaving the state and playing at the best timeslots most weeks will do that.

Actually should have been closer to $20 million... but they're such dumbarses ... and they did leave the state...

Armed Robbers Get $7.8 Million--but Leave $12 Million Behind
By Michael Coakley, Chicago Tribune.

NEW YORK — Four armed robbers stole $7.8 million in cash early Monday in a daring holdup of a Wells Fargo Co. terminal on Manhattan`s Lower West Side. Another $12 million was left behind.

The ski-masked bandits escaped in an armored truck after ambushing four employees of the facility as they opened the firm`s vault to prepare for the day`s business. Wells Fargo offered a $350,000 reward for their arrest and conviction.

[Con Gorozidis]

Saints need a big 2013 to get some cash back in the club. Most of our money has gone to Seaford and Riewoldt....

Port a basket case. As are the Bulldogs.

[Con Gorozidis]

Dogs should merge with GWS (western subs specialists) and Port should become a hybrid Adelaide/Darwin side.
Norf should move to Hobart.
The Demons should move to Falls Creek and play in the Ovens and Murray League (Falls Creek Demons)

[plugger66]

Collingwood + $7.8 million
40,000 extra memberships will do that

Not leaving the state and playing at the best timeslots most weeks will do that.

What comes first the chicke or the egg? By the way they did play 5 interstae compared to our 6. Its all about members. We made to 2 GF's in a row and lost members the next year. We are either a small club or have a pathetic membership department or some pathetic supporters.