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Jezza 
2023 PREMIERS!
Joined: 06 Sep 2010
Location: Ponsford End
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| Post subject: 2018 Financial Result |  |
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http://www.collingwoodfc.com.au/news/2018-11-29/2018-financial-result
| Quote: | The Collingwood Football Club has announced an operating profit before depreciation and amortisation of $4,174,492 for the 2018 financial year.
After depreciation and amortisation, the club’s net profit for 2018 was $112,052. This represents a $2.844 million net profit improvement on the previous financial year.
The result is the culmination of a number of factors; a strong season on-field from the AFL team which drove increases in attendances and corporate revenue, outstanding membership support and a recalibration of Collingwood’s business operations following a strategic review in 2017.
Highlights of Collingwood’s 2018 financial year include:
*Total club revenue of $82,074,011 (2017 - $77,736,469)
*Operating profit before depreciation of $4,174,492 (2017 - $1,545,562)
*Total depreciation of $4,062,440 (2017 - $4,278,186)
*Net Operating Profit of $112,052 (2017 – loss of $2,732,624)
*Membership figure of 75,736
*Collingwood’s net asset position is $32,690,470 (2017 - $32,578,418)
*Average Home & Away attendance for the year of 50,572 |
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| 1902 | 1903 | 1910 | 1917 | 1919 | 1927 | 1928 | 1929 | 1930 | 1935 | 1936 | 1953 | 1958 | 1990 | 2010 | 2023 | |
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K
Joined: 09 Sep 2011
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K
Joined: 09 Sep 2011
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K
Joined: 09 Sep 2011
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K
Joined: 09 Sep 2011
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"AFL clubs pokies' takings in 2017-18
Hawthorn - $24.3 million (two venues)
Carlton – $18.4 million (four venues)
Collingwood – $13.2 million (two venues)*
Essendon – $11.6 million (two venues)
Melbourne – $10.4 million (two venues)
Geelong – $6.3 million (two venues)
Western Bulldogs – $6.1 million (two venues)
Richmond – $5.3 million (one venue)
St Kilda – $2.09 million (one venue)
*Collingwood formally divested its gaming assets this week.
**North Melbourne has been pokies-free for a decade."
https://www.theage.com.au/sport/afl/gaming-machines-are-legal-kennett-defends-hawks-pokies-20181212-p50lqk.html |
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stui magpie 
Prepare for the worst, hope for the best.
Joined: 03 May 2005
Location: In flagrante delicto
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| Post subject: Re: 2018 Financial Result | |
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| Jezza wrote: | http://www.collingwoodfc.com.au/news/2018-11-29/2018-financial-result
| Quote: | The Collingwood Football Club has announced an operating profit before depreciation and amortisation of $4,174,492 for the 2018 financial year.
After depreciation and amortisation, the club’s net profit for 2018 was $112,052. This represents a $2.844 million net profit improvement on the previous financial year.
The result is the culmination of a number of factors; a strong season on-field from the AFL team which drove increases in attendances and corporate revenue, outstanding membership support and a recalibration of Collingwood’s business operations following a strategic review in 2017.
Highlights of Collingwood’s 2018 financial year include:
*Total club revenue of $82,074,011 (2017 - $77,736,469)
*Operating profit before depreciation of $4,174,492 (2017 - $1,545,562)
*Total depreciation of $4,062,440 (2017 - $4,278,186)
*Net Operating Profit of $112,052 (2017 – loss of $2,732,624)
*Membership figure of 75,736
*Collingwood’s net asset position is $32,690,470 (2017 - $32,578,418)
*Average Home & Away attendance for the year of 50,572 |
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Interesting figures.
In a private business you'd want a lot more than a $4m operating profit off $82m revenue, but we are a NFP organisation and have $32m in assets so I suppose you take it.
No point banking the biggest profit and getting the wooden spoon, you want to be in contention for the flag and liquid in the finances which we are.
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Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
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K
Joined: 09 Sep 2011
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The 2018 report has been added to the above site.
https://s.afl.com.au/staticfile/AFL%20Tenant/Collingwood/Club%20Promos/2013%20-%20Club%20Promos/181214_2018CollingwoodAnnualReport.pdf
Summary of the key financial information: [2018, 2017]
Earnings before interest, taxes, depreciation and amortisation (EBITDA) $4,267,949 $1,656,235
Profit/(Loss) after interest, taxes, depreciation and amortisation $112,052 ($2,732,624)
Net cash flows from operating activities $4,248,663 $2,555,064
The club has cash and cash equivalents of $9,162,317 $10,158,018
Club has debt of $1,600,000 $1,600,000
Club has net assets of $32,690,470 $32,578,418 |
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K
Joined: 09 Sep 2011
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For comparison, the enemy:
"The Bombers confirmed a bumper $5.7 million profit (before amortisation and depreciation) and a net operating profit of $2.3 million in the year ending October 31 2018.
The result has allowed Essendon to wipe another $3 million from their debt, now totalling $4 million. This represents a significantly improved position from the almost $12 million debt the club found themselves in following the supplements saga." (Fairfax.) |
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