2020 Financials

[Wedgie]

Be interesting in such a weird 12 months to see how clubs went.

North turned a 97k loss from 2019 into a 656k profit for 2020.
Good to see membership income rose even though numbers fell slightly (2183 to 2055)

Deceptive figure though for a number of reasons including:

1) No rent had to be paid for 3 months due to Covid
2) No gaming tax had to be paid and this will be paid back during 2021
3) The council deferred a loan for 12 months due to Covid
4) Job Keepers payment
5) No payment to players
6) No trading of two licenced venues for 3 months

[goddy11]

That's fantastic. The eagles turned a profit of $ 313,602. Covid has been good to the club for the same reasons as mentioned by Wedgie re NA.

[Eagles Nest]

That's fantastic. The eagles turned a profit of $ 313,602. Covid has been good to the club for the same reasons as mentioned by Wedgie re NA.

And the fact the Eagles won the double Premiership might have helped a bit as well.

Imagine how good North's numbers would have been if not for 20 minutes of poor football

[whybother]

No, not poor football. Just an opponent with a super-charged bang, crash effort.

[Wedgie]

No, not poor football. Just an opponent with a super-charged bang, crash effort.

Agreed, the Eagles were just phenomenal to watch that quarter, if it wasn't against my own team I would have enjoyed it!
Noone short of a good AFL side would have stopped them that quarter, they deserve all the plaudits for that flag.

[Mr Fuller]

Be interesting in such a weird 12 months to see how clubs went.

North turned a 97k loss from 2019 into a 656k profit for 2020.
Good to see membership income rose even though numbers fell slightly (2183 to 2055)

Deceptive figure though for a number of reasons including:

1) No rent had to be paid for 3 months due to Covid
2) No gaming tax had to be paid and this will be paid back during 2021
3) The council deferred a loan for 12 months due to Covid
4) Job Keepers payment
5) No payment to players
6) No trading of two licenced venues for 3 months

I'm also guessing North (like all clubs) would have received a reasonable amount of $$ from donations from club supporters in support to the rallying cry from Covid and that in a normal year supporters wouldn't be so generous? Not sure where the eagles ended up but last i saw our donation tally from Covid was slightly over $10k - $10k we wouldn't have in a normal year. I would assume North's donation would be much higher due to many more supporters and business links.

[Dutchy]

Like most businesses the biggest cost is wages, with this out of the equation and if most sponsors/members still put $ into the clubs then most well managed clubs at all levels will be well positioned for 2021 and beyond

[DOC]

South made around $660k. Paid down debt.

[darley16]

DOC when you say the club made $660k was that net profit and how much debt was the club able to repay and how much is outstanding? Just asking if you know.

[DOC]

From memory, paid off 600K in debt.

[DOC]

West had a surplus of 750K.

Used to pay off debt I believe.

[oldfella]

West had a surplus of 750K.

Used to pay off debt I believe.

Quote from Financial section of Annual Report "For FY20, I am pleased to report that the combined Clubs will achieve an operating profit circa $844,000."

And

This has been achieved by receipt of Jobkeeper reimbursements, the ATO cash boost, grants and distributions. As a result, we have materially improved our balance sheet and reduced debt and operating costs. We repaid the Wolfpack investors in full, repaid several leases, cleared all statutory obligations and are trading with all suppliers on normal trading terms.The Club’s only material debt is a $1M loan owing to the NAB, which is secured over the Milner Road premises. This debt is expected to be progressively repaid from future SANFL land divestment money and earnings from general trading

[Dutchy]

Good news for Westies, that indicated they were still in a world of pain, COVID hasn't all been bad!

[knowledge]

Sturt posted a $453,000 operating surplus - the seventh consecutive surplus.

[southernbulldog]

Does anybody know how went financially

[stan]

Some good results from SANFL clubs so far, it's good to see clubs getting stuck into that debt when they can. Great job by those clubs, it's good to see.

[gazzamagoo]

Does anybody know how went financially

I'd love to know too

[Brodlach]

Does anybody know how went financially

I'd love to know too

Will the figure be given out before or after the payout?

[gazzamagoo]

Does anybody know how went financially

I'd love to know too

Will the figure be given out before or after the payout?

I suppose it's all part of the 2020 season, take the $100,000 off the end figure.

[am Bays]

$550K operating profit for Glenelg

Football income down 800 K, Venue income down 500K, merchandise sales down 80K Government grants 1.4 M....