Profit and Loss Season

[blueandwhite]

I must concur. The renovations at Noarlunga although only half complete are very very impressive. The completion in February will see the club with facilities the equal of any club in the sanfl.

[redandblack]

I would think Westies will post a loss this year.

They've spent a squillion with the new administration needing to catch up from a long way back..

[topsywaldron]

After all that what was Sturt's actual result?

[topsywaldron]

After all that what was Sturt's actual result?

Must have been pretty bad then.

[Jimmy]

After all that what was Sturt's actual result?

Must have been pretty bad then.

nah, the results are at db.org, cant be ass'd putting them here.

[Ronnie]

Port Maggies to post loss for 2007. wrangling over Port Club proceeds not helping matters.
Sturt Footy club posted a profit but Group overall a loss due to social club.
ive been told that Sturt's problems related to high leasing costs with Unley Council, restricted liquor licence for club rooms (up for review in Feb) and start up costs still restricting Barzaar.
but cash flow is now strong and heading in the right direction.

[Barto]

yes, heads should roll about this. we are in an uproar.

I suggest overturning Range Rovers in the streets of Unley.

[NO-MERCY]

The South Adelaide Football club recorded $107k loss down from $76k profit in 06, while the Footballers club recorded a $733k surplus up from $567k last year. Pressure on the Panthers to maintain these surpluses as the $3.0+ml debt starts to raise its interest bearing head and will require prompt repayment for many years to come. Having said that the substantial debt has been well spent with the redevelopment looking really good already at the half completion stage.

Sounds like Jack got his money up front.

[Squawk]

Any more updates? I know AGMs are still to come at North, West, Glenelg,.

So far results seem to be:

South - Football Club $107K loss, Footballers Club $733K profit
Centrals - Football Club $23K loss, Footballers Club $150K profit
Norwood - $4.143m profit (asset sale realised - extraordinary profit item included)
Eagles - Football Club $46K profit, Licensed Club $115K profit
Sturt - the figures are around but if someone can add them in it would be good

I assume annual reports have been sent out for all clubs by now - can anyone advise on results for
North?
Port?
West?
Glenelg?

[redandblack]

As predicted, Westies posted a loss ($138,000).

[am Bays]

Glenelg Football Club 83 K profit, Footballers Club proft 598 K

[Wedgie]

North annual reporth came out last week, I think it'll take me about 6 months to work out exactly what the profit is.

[Hondo]

North annual reporth came out last week, I think it'll take me about 6 months to work out exactly what the profit is.

The consolidated profit is $110K (prev year profit $625K)

Football Club profit of $20K (prev year profit $55K)
Northern Tavern loss of -$174K (prev year profit $310K)
Roosters Club/Grand North profit of $264K (prev year profit $260K)

Northern Tavern had a one-off expense of $219K due to a back-dated bill from AGL as well as needing to spend $600K to refurbish premises to meet new smoking regulations. The expenses are inflated due to accounting (non cash) related depreciation charges in the order of $500K. So the underlying cash flow for the year was a positive $437K.

[johntheclaret]

North annual reporth came out last week, I think it'll take me about 6 months to work out exactly what the profit is.

The consolidated profit is $110K (prev year profit $625K)

Football Club profit of $20K (prev year profit $55K)
Northern Tavern loss of -$174K (prev year profit $310K)
Roosters Club/Grand North profit of $264K (prev year profit $260K)

Northern Tavern had a one-off expense of $219K due to a back-dated bill from AGL as well as needing to spend $600K to refurbish premises to meet new smoking regulations. The expenses are inflated due to accounting (non cash) related depreciation charges in the order of $500K. So the underlying cash flow for the year was a positive $437K.

What he said

[mick]

North annual reporth came out last week, I think it'll take me about 6 months to work out exactly what the profit is.

The consolidated profit is $110K (prev year profit $625K)

Football Club profit of $20K (prev year profit $55K)
Northern Tavern loss of -$174K (prev year profit $310K)
Roosters Club/Grand North profit of $264K (prev year profit $260K)

Northern Tavern had a one-off expense of $219K due to a back-dated bill from AGL as well as needing to spend $600K to refurbish premises to meet new smoking regulations. The expenses are inflated due to accounting (non cash) related depreciation charges in the order of $500K. So the underlying cash flow for the year was a positive $437K.

Why couldn't they just put a simple explanation like this in the report, thanks Hondo

[Thiele]

from what my Uncle told me the other night Port had a loss of $178 000. BTW he is on the board