Carlton's growth continues



Document available here.

Just double checked the balance sheet, and yes they shaved off ~$696,000 in interest bearing liabilities, so it's not some creative accounting for the conspiracy theorists among you. They'll need to do more in coming years, but the jump in turnover and football department spending while decreasing debt is very impressive.

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29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

I see that 'gaming' had the highest jump in revenue with $4.5M (2011) up from $2.9M (2010).

*clears throat*

More will be revealed at the AGM on December 14 at the MCG. Incidentally, it's the same night Collingwood hold their AGM - also at the MCG.

Yeah I remember the open letter from Sticks to the fans suggesting that wiping off the debt was on the agenda. It's about 7.3 or 7.4 million right now, which would probably take about 7 or 8 years to knock off without modifying the kind of road map we've seen for the club the last few years.

For the sake of any investment opportunities/needs that arise in future, you'd like to see that squashed into a 4 or 5 year plan. It's not really a huge ask.

_________________
29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

Don't know if the ASF grant is a recurring source of revenue but if you take that away we made a 48k loss.
Last year the Richmond President mentioned had a swipe at us due to grants making us profitable.
I suppose he can have another crack.

Last years included `$2mil of development grants, the ADF is for ground maintenance etc I think?

Current Asset Deficiency = $5,484,318 in 2011, $8,079834 in 2010. That has to be a positive?

Bring it on.

As simple as I can put it...

Pros:

Government grants 2011: $0 - Bloody hard to pin a * next to a profit with nothing in this area.

Liquid assets - We have money in the bank again?

Mark Harrison - Maligned a few weeks ago for not bringing in the corporate sales - fair rise in his contribution this year in that area.

Cons:

Merchandise - Whilst I think there are some good signs that we're operating much more smartly in this area. Would be interested to know what Nike and the board would have projected our increase in merchandise sales to be this year, in particular with a change of away jumper, especially moving away from a somewhat unpopular incumbent. Have we underperformed here?

We sold 300k more of it than we did last year, and we have about approx 125k worth of merchandise less sitting around unsold than we did last year. At the same time, we increased production by 10%, yet merchandise writeoffs nearly doubled also. I'm well out of my depth in that area of promotions, but how much merchandise do we really need to throw away? Not a lot of perishable items, or many items stocked with a particular shelf life. Seems a strange one. Has Clokey been through the gift shop again?

Amortizing the pokie licenses - Huge fluctuation in the value of these licenses in the space of 12 mths. How much does Wilkie's bill getting through parliament change the ball game here?

No exposure to foreign currency risk? Have we consulted Rex Connor on this?

Sticks' printing deal. For all I know, its done at a tremendous discount and service to the club. On paper, it looks tacky. Disclosure?


On another note - the 1.5 mill sponsorship attributed to Jeannie Pratt. Am I to assume this is the Visy sponsorship or a separate personal donation?

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BLUES 2010: PAV AND JUDD = FLAGS. DOING IT FOR THE LOVE OF DICK PRATT.

HAVE YOU SIGNED UP FOR TALKINGCARLTON SUPERCOACH 2009 YET?

Things are looking good, and we finally seem to be coming into some good stable financial times.

Eradicating our debt while at the same time investing money back into the Club is the smart way to go about it. Wouldnt like to see us go into an ebaressing 'Debt Demolition' campaign like the Dees and North, where all efforts are put towards eradicating debt at the expense of Football Department spending.

The exxcellent Free to Air Prime Time exposure, and improvment in Communications and Merchandising, as well as the continued improvement of our on field performance will only help Club finances improve...

Blue Skies ahead...

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James Hird and Essendon* FC - #FOREVERDRUGCHEATS