SANFL Club profits

[westcoastpanther]

Loan repayments don't affect profits, only the reduction in interest payable

[Dutchy]

Loan repayments don't affect profits, only the reduction in interest payable

either does cap ex.

[on the rails]

If I'm reading it right.

We had Pokie turnover of $1.9m and made a profit.
Centrals had Pokie turnover of $4.3 m and made a loss.
North have a Pokie turnover of about $8m and will report a loss.

How can this be so?

Surely that is not correct - South must have taken more than $1.9m through 40 machines, it is one of the best performing venues in SA?

Amazingly for the NAFC, whilst the industry was down across the board on average 5% in gaming revenue, the Northern Tavern was up 6%!

[Wedgie]

God bless those northern suburb pensioners. Keep throwing the free coffee and sandwiches at them!

[DOC]

If I'm reading it right.

We had Pokie turnover of $1.9m and made a profit.
Centrals had Pokie turnover of $4.3 m and made a loss.
North have a Pokie turnover of about $8m and will report a loss.

How can this be so?

Surely that is not correct - South must have taken more than $1.9m through 40 machines, it is one of the best performing venues in SA?

Amazingly for the NAFC, whilst the industry was down across the board on average 5% in gaming revenue, the Northern Tavern was up 6%!

I think I have this wrong. The figure is listed against net poker machine receipts which I guess is the difference between coins in and coins out. I don't know what our turnover was but I think returns are something like 80% so maybe our turnover is around $8m.

Looks like I wasn't reading it right.

[on the rails]

If I'm reading it right.

We had Pokie turnover of $1.9m and made a profit.
Centrals had Pokie turnover of $4.3 m and made a loss.
North have a Pokie turnover of about $8m and will report a loss.

How can this be so?

Surely that is not correct - South must have taken more than $1.9m through 40 machines, it is one of the best performing venues in SA?

Amazingly for the NAFC, whilst the industry was down across the board on average 5% in gaming revenue, the Northern Tavern was up 6%!

I think I have this wrong. The figure is listed against net poker machine receipts which I guess is the difference between coins in and coins out. I don't know what our turnover was but I think returns are something like 80% so maybe our turnover is around $8m.

Looks like I wasn't reading it right.

Couldn't be $8m for only 40 machines!

Whoops edited now!

[CENTURION]

the club is open when there's no footy on.

[DOC]

And its 40 machines.

[Mr Fuller]

Anyone know when the Eagles announce their financial results? Or have I missed it?

[holden78]

At the AGM in a few weeks I'd say!
My guess would be a small loss may be on the cards to accommodate the clubroom refurbishment.
These things tend to get worked to reduce tax liablity and set up future financial goals.
I believe we are very solid though or there was no
way the Eagles could have afforded the refurbishment in this particular economic climate.
Taking on a CEO with very little footy background but a solid business CV tells you what is the most important aspect of a SANFL club in 2013.

[on the rails]

North were presented with and paid a rather large land tax bill last year amounting to over $200K re the Northern Tavern. Previous Admin missed the fact it wasn't paid and the State Tax Office though must take the blame issuing it 7 yrs after North took over the business. The mistake by the Govt. was put down to a clerical error. That goes a someway to explaining why we will recrod a loss for 2012.

[SDK]

Has North owned the site that long ? I would have though Rob Gerard would be liable for that ?????

[robranisgod]

Has North owned the site that long ? I would have though Rob Gerard would be liable for that ?????

Since about 2004. Why would Gerard be liable?

[o five]

Has North owned the site that long ? I would have though Rob Gerard would be liable for that ?????

Pretty certain we lease the site. And what has R Gerard got to do with it? NAFC owns the lease. Does Gerard own the NAFC SDK?

[SDK]

I thought Gerard owned the propert and let NAFC use it. Obviously wrong.

[Mark_Beswick]

Rental / leased businesses over a certain value (I think 400k) assume all costs like council, esl, land tax, water etc...
Norths Asset would be well over that value so they would have to pay the $$$ - Unfortuntaely there are a few clubs with tax bills making their clubs life difficult at the moment. Fortunately North can cover this hiccup after some excellent financial decisions over the past 10 years.

[CENTURION]

Rental / leased businesses over a certain value (I think 400k) assume all costs like council, esl, land tax, water etc...
Norths Asset would be well over that value so they would have to pay the $$$ - Unfortuntaely there are a few clubs with tax bills making their clubs life difficult at the moment. Fortunately North can cover this hiccup after some excellent financial decisions over the past 10 years.

The biggest decision was to enlist the help of Bill Cochrane.

[on the rails]

Frickers own the actual building portion as a freehold and North own the operating Hotel licence / lease and all assets associated as a leasehold.

I am amazed at how many people continue to push the myth that Gerard owned or owns it!

[holden78]

Well there was a time when no one made a move without him!

[Sojourner]

At the AGM in a few weeks I'd say!
My guess would be a small loss may be on the cards to accommodate the clubroom refurbishment.
These things tend to get worked to reduce tax liablity and set up future financial goals.
I believe we are very solid though or there was no
way the Eagles could have afforded the refurbishment in this particular economic climate.
Taking on a CEO with very little footy background but a solid business CV tells you what is the most important aspect of a SANFL club in 2013.

Did Woodville not delay or cancel altogether the redevelopment plan that would have included a lap pool and so on and elect to just go with the retro installation of a lift under the current financial climate?