Annual Reports: Every Club's Profit/Loss Margin for 2012

[Tzatziki_Man]

I'll keep adding them in throughout the off season. Keep them all in one place.

Richmond: $3,017,742 profit
Hawthorn: $2,023,720 profit
North Melbourne: $1,193,080 operating profit




Hawthorn Hawks

Hawthorn's 60,000-strong band of members has helped ensure the club has posted a mega profit for 2012, reaping more than $2 million.
The Hawks profited $2,023,720, up about $300,000 on last year's result.

The Grand Finalist recorded a 7.4 per cent increase in members, boosting the number to 60,841.

"Our strong financial result is a credit to the hard work and dedication of management who constantly strive for excellence and innovation, and support their staff to do likewise," new president Andrew Newbold said.

http://www.heraldsun.com.au/afl/mor...ofit-for-2011-12/story-e6frf9jf-1226516442343


Richmond Tigers

The Richmond Football Club has recorded a net surplus of $3,017,742 for the financial year ending October 31, 2012. The Club has now recorded profits for the past eight consecutive years and this year’s result reflects the strength in core trading activities.

In reporting the operating surplus, the Club confirmed it had also reduced its debt by in excess of $1.5 million, to $1.97 million. Richmond has now reduced its debt by more than $2.5 million over the past two years.

The Club’s net asset position also improved from $16.05 million to $19.07 million.

Some of the key highlights, which have contributed to strong revenue and profit growth, include the following:

• Record membership revenue of $5.305m representing 53,072 members.
• Record sponsorship income of $3.452m.
• Significant improvement in the Club’s operations at the Wantirna Club.
• Secured pledges of $6 million through the Fighting Tiger Fund.

Richmond president Gary March said the result was very pleasing.

http://www.richmondfc.com.au/news/newsarticle/tabid/6301/newsid/151326/default.aspx

North Melbourne

Last week, North Melbourne credited fan donations for helping the Roos post a record operating profit of more than $1 million.

The Roos today announced an operating profit of $1,193,080 for the 2011-12 financial year.
Interim chief executive Cam Vale said the club reduced its debt by $1 million with the help of its Box On campaign, while increasing revenue growth by $5 million.
"This is truly an outstanding result for the club and could have only been achieved with the remarkable support of our members and fans," Vale said.

http://www.heraldsun.com.au/afl/mor...ofit-for-2011-12/story-e6frf9jf-1226516442343

 

[theflea]

geez wookie is gunna be pissed at you!

 

[Tzatziki_Man]

geez wookie is gunna be pissed at you!

slack. ​

 

[Kwality]

You are kidding - I'm no cheer squad for Wookie BUT this bloke is a fair dinkum amateur, trying to operate the scoreboard for a game he doesnt know how the rules work.

This after 3 results:

I'll keep adding them in throughout the off season. Keep them all in one place.

Richmond: $3,017,742 profit
Hawthorn: $2,023,720 profit
North Melbourne: $1,193,080 operating profit
2 x profits, 1 x operating profit, thats worth comparison please!!!

 

[Barry_Badrinath]

3 good results so far



inb4 shitfight

 

[Marlowe]

I didn't the league only consisted of three teams now.

 

[Prudster]

• Secured pledges of $6 million through the Fighting Tiger Fund.

Just a query on something in the Richmond report, what does this dot point actually mean? Does that mean they have gotten $6 million dollars this year from the FTF? If so that is huge for just one year.

Or does it mean they have essentially gotten people to say they will give x amount, at some point over the duration of the fund. In which case, why are they getting counted this year?

Just a bit confused.

 

[Quivorir]

Difference between an operating profit and just a profit please?

 

[lemons123]

Difference between an operating profit and just a profit please?

Operating is before long term investments/loans are taken into account (eg depreciation of assets). Plus some other stuff I cant quite remember. So its basically your day-to-day trading profit. Your overall profit will most likely be lower.

 

[Quivorir]

Operating is before long term investments/loans are taken into account (eg depreciation of assets). Plus some other stuff I cant quite remember. So its basically your day-to-day trading profit. Your overall profit will most likely be lower.

Thanks very much.

 

[Tzatziki_Man]

I didn't the league only consisted of three teams now.

Read the thread carefully. Only three teams have released their results thus far.

 

[theflea]

Just a query on something in the Richmond report, what does this dot point actually mean? Does that mean they have gotten $6 million dollars this year from the FTF? If so that is huge for just one year.

Or does it mean they have essentially gotten people to say they will give x amount, at some point over the duration of the fund. In which case, why are they getting counted this year?

Just a bit confused.

when we started the FTF the aim was for 6m. we have raised this figure over 2 years or so but funds are pledged and not all have been collected.

 

[peejay]

Operating is before long term investments/loans are taken into account (eg depreciation of assets). Plus some other stuff I cant quite remember. So its basically your day-to-day trading profit. Your overall profit will most likely be lower.

So really north relied on donations from fans and really will not end up anywhere near the profit hawthorn and Richmond made. But I am sure JB will put a spin on it.

 

[Old Spice]

The big question is total revenue turnover. The higher the revenue the more you can pump into the football department, and perhaps more importantly long-term, the non-football dept revenue generating streams. When non-footy dept streams grow, they bring in a lot of revenue which is then siphoned into the footy department.

 

[Rioli magic]

So really north relied on donations from fans and really will not end up anywhere near the profit hawthorn and Richmond made. But I am sure JB will put a spin on it.

"Secured pledges of $6 million through the Fighting Tiger Fund."

 

[Old Spice]

Richmond are at the point where the fighting fund and onfield performances can begin a steady period of growth for the club. Supporters have never been a big issue. North on the other hand I can't see digging their way out through onfield success over the longer term. They need to invest money, primarily, into revenue generating streams, then marketing. Need to fireproof themselves against fads by getting their financials sound first and foremost.

 

[telsor]

Over past years, Richmond has seperated operating and 'real' profit.
Basically, the operating profit excluded one off things like government grants.

Richmonds profit this year is the 'operating' profit (although inflated due to FTF - personally, I'd call that a 1 off, but it seems thats not standard practice).

FTF raising $6Million is actually over 2 years, and like most fundraising, it did better early on, so (very rough guess), call it 2-2.5M 'bonus' for this year. We did well without it, but it was a big deal for debt reduction, punt road redevelopment and increased spending in the football dept.

 

[Old Spice]

Just to illustrate my point above about profit not really being the primary indicator of the health of a club, Collingwood's 2011 Annual Report showed us with a profit of 2.1 million.

The important facts are we generated 75.5 million in total revenue and income. This allowed us to spend 19.4 million on Football Expenses (dept). That's what you want ultimately, to have a massive revenue generated to spend on the footy dept, as much as possible while putting significant amounts into further money generation.

Having revenue generating streams that can pump money back into the footy dept. From our social club/gaming we spent 15.9 million and made 19.2, in marketing we spent 15.2 and made 22.1, in m/ship we spent 7 and made 16.4. Some of that largesse goes to the footy department, but a lot into generating more money.

That's where North needs to marshall their troops. Stay competitive in FD spending, but spend as much as you can in generating revenue so you don't have to keep going back to the well.

 

[telsor]

Just to illustrate my point above about profit not really being the primary indicator of the health of a club, Collingwood's 2011 Annual Report showed us with a profit of 2.1 million.

The important facts are we generated 75.5 million in total revenue and income. This allowed us to spend 19.4 million on Football Expenses (dept). That's what you want ultimately, to have revenue generate to spend on the footy dept, as much as possible.

Having revenue generating streams that can pump money back into the footy dept. From our social club/gaming we spent 15.9 million and made 19.2, in marketing we spent 15.2 and made 22.1, in m/ship we spent 7 and made 16.4. Some of that largesse goes to the footy department, but a lot into generating more money.

That's where North needs to marshall their troops. Stay competitive in FD spending, but spend as much as you can in generating revenue so you don't have to keep going back to the well.

Agree.

While the FTF could have paid our debts (and more), it was made clear from the start that the priority was increasing spending in the football department to make the most of the talent we have coming through. So Punt Road has been rebuilt, we've hired more/better development staff (etc)...The theory is clearly that we need to spend to develop, and (hopefully) that when we've developed, the revenue will increase and we'll be able to sustain/increase such spending.

 

[DardySingh360]

I guess it proves Richmond are a bigger club than Hawthorn...






Joking

 

[Top_4_Tiger]

The Fighting Tiger Fund was excluded from Richmond's profit figure in 2011, they probably didn't include it in this year's figure either just for the record. Would be good if someone could clarify.

 

[Byron_Clanger]

Happy that North turned a profit, great news!

 

[Old Spice]

Agree.

While the FTF could have paid our debts (and more), it was made clear from the start that the priority was increasing spending in the football department to make the most of the talent we have coming through. So Punt Road has been rebuilt, we've hired more/better development staff (etc)...The theory is clearly that we need to spend to develop, and (hopefully) that when we've developed, the revenue will increase and we'll be able to sustain/increase such spending.

My points a little more than raising money for the footy dept though. For a club like North, they need to pump enough into the footy dept to stay around the mark, but probably short-term will be on the lower side. Really they need to invest in revenue generating to make sure they are financially self-sustaining. Gaming is out, and good on them, but they need some rapid money-spinners as well as some other longer term investments.

 

[Kwality]

Read the thread carefully. Only three teams have released their results thus far.

got a link or are on about the press release?

 

[The_Wookie]

geez wookie is gunna be pissed at you!

Lol. Amateurs post from the news articles. The pros post from the annual reports as they are released. edit: thats a joke people, like it matters.

You are kidding - I'm no cheer squad for Wookie

Possibly the truest thing ever written on bigfooty