TalkingCarlton :: View topic - Carlton FC AGM

Importantly, this years AGM sets out to rectify the mistakes of the past by re-incorporating Country & Interstate members as Ordinary members. Other than that it's business as usual - shouldn't be much more of substance to report.

More importantly, I'll be hanging around for a beer afterwards.

https://www.investorvote.com.au/ProxyLogin.aspx

Financials below:

http://www.carltonfc.com.au/staticfile/ ... Report.pdf

Importantly, this years AGM sets out to rectify the mistakes of the past by re-incorporating Country & Interstate members as Ordinary members...

Our Annual report sure is a professional looking document...

tv ratings up... sponsorship $$$ down

Brief read of the Annual Report:

Page 31 of the Annual Report:

Mr Farouh Income as Director $1106 but cost the Club $254,061 expenses through related transactions with the Club

Ms Pratt Income $1,141,867 but expenses $512,447

Mr Kernahan Income $54,590 Expenses $107,598

Can any one explain why Directors should cost the Club through expenses? Should they not be bringing money in?

Also the debt looks like $5.9 million - Has Richmond wiped its debt of this year?

Mosquito Fleet wrote:

They're not Director's expenses. They are transactions that the club has put through a business or entity that the Director is associated with. For instance, in Fahour's case it would be any money the club spent with Australia Post. In Kernahan's case, it would be any money the club spent with Kernahan's printing company.

Super only gets paid on the salary component of a salary package which should explain the diferrence.
A package could consist of salary, car, bonuses etc.

JohnM wrote:

Mosquito Fleet wrote:

Ok. Thanks

I understand Carlton may receive its printing material from Stick's business.

What would Carlton be wishing to spend money on Australia Post? $254,061 is a lot of Carlton letters considering we have an Internet policy at Carlton. :razz:

What would Carlton be wishing to spend money on Visy?

Oz Post: membership packages would take up a fair chunk of that I'd imagine.
.

Can anyone enlighten me as to what an ASF Grant is?

*listed under Other Income - ASF Grants. 2012: $321,220 up to $767,695 in 2013.

Author:	DocSherrin III [ Sun Nov 24, 2013 9:48 pm ]
Post subject:	Carlton FC AGM - December 16, 2013
Importantly, this years AGM sets out to rectify the mistakes of the past by re-incorporating Country & Interstate members as Ordinary members. Other than that it's business as usual - shouldn't be much more of substance to report. More importantly, I'll be hanging around for a beer afterwards. https://www.investorvote.com.au/ProxyLogin.aspx Financials below: http://www.carltonfc.com.au/staticfile/ ... Report.pdf

Author:	ColourMan [ Sun Nov 24, 2013 10:08 pm ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
DocSherrin wrote: Importantly, this years AGM sets out to rectify the mistakes of the past by re-incorporating Country & Interstate members as Ordinary members. Other than that it's business as usual - shouldn't be much more of substance to report. More importantly, I'll be hanging around for a beer afterwards. https://www.investorvote.com.au/ProxyLogin.aspx Financials below: http://www.carltonfc.com.au/staticfile/ ... Report.pdf Me too!

Author:	Donstuie [ Mon Nov 25, 2013 7:57 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Our Annual report sure is a professional looking document...

Author:	camel [ Mon Nov 25, 2013 10:17 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
DocSherrin wrote: Importantly, this years AGM sets out to rectify the mistakes of the past by re-incorporating Country & Interstate members as Ordinary members... This will mean voting rights, right? Bravo!

Author:	Phoenix [ Mon Nov 25, 2013 11:14 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
"member venue Revenue" I take it this is a nice way of saying revenues received from Poker machines?

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Carlton FC AGM - December 16, 2013 http://www.talkingcarlton.com/phpBB3/viewtopic.php?f=2&t=33623	Page 1 of 6

Author:	dane [ Mon Nov 25, 2013 12:09 pm ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Donstuie wrote: Our Annual report sure is a professional looking document... Saving the $$$

Author:	DocSherrin III [ Mon Nov 25, 2013 12:32 pm ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
dane wrote: Saving the $$$ You'd think with all the players Moody Aboughattas introduced to the printing industry to supplement their salaries that we could get something decent at mates rates. Hopefully something is in the offing for season 150.

Author:	Rexy [ Mon Nov 25, 2013 12:49 pm ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
tv ratings up... sponsorship $$$ down

Author:	DocSherrin III [ Mon Nov 25, 2013 1:10 pm ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Rexy wrote: tv ratings up... sponsorship $$$ down Yes. Expected though.

Author:	jimmae [ Mon Nov 25, 2013 2:39 pm ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Looks like we're all set to re-finance our debt in 2014, again. Yes there were contracts to be paid out over the last 12 months, but we're not going to make payment on 5 million+ by October 2014. It's not unexpected at all, and revenue will increase next year most likely, but as EY pointed out in their notes, they need to stop leaving the financials out on the line by relying on income in advance or further loans as the gap between current income and expenses. We're just positive of cash-neutral, which means if something goes slightly wrong, we're a bit [REDACTED]. Next year should be about slowing the football spend a bit given we have acquired a lot of equipment and IP over the last 4-6 years that in most cases doesn't need to renewed or repurchased for up to another 8-20 years. If our spending habits continue to grow then we are absolutely hopeless as a football club because we'll be burning on cash on things we don't need. Halving our debt next year is an achievable target; wiping almost all of it out would be a good result.

Author:	Mosquito Fleet [ Mon Nov 25, 2013 8:48 pm ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Brief read of the Annual Report: Page 31 of the Annual Report: Mr Farouh Income as Director $1106 but cost the Club $254,061 expenses through related transactions with the Club Ms Pratt Income $1,141,867 but expenses $512,447 Mr Kernahan Income $54,590 Expenses $107,598 Can any one explain why Directors should cost the Club through expenses? Should they not be bringing money in? Also the debt looks like $5.9 million - Has Richmond wiped its debt of this year?

Author:	JohnM [ Mon Nov 25, 2013 9:40 pm ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Mosquito Fleet wrote: Brief read of the Annual Report: Page 31 of the Annual Report: Mr Farouh Income as Director $1106 but cost the Club $254,061 expenses through related transactions with the Club Ms Pratt Income $1,141,867 but expenses $512,447 Mr Kernahan Income $54,590 Expenses $107,598 Can any one explain why Directors should cost the Club through expenses? Should they not be bringing money in? Also the debt looks like $5.9 million - Has Richmond wiped its debt of this year? They're not Director's expenses. They are transactions that the club has put through a business or entity that the Director is associated with. For instance, in Fahour's case it would be any money the club spent with Australia Post. In Kernahan's case, it would be any money the club spent with Kernahan's printing company.

Author:	The Rhino [ Tue Nov 26, 2013 8:19 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Wage bill goes up 4.15%~ Super contributions only go up 1.12% even with a mandatory increase of .25% on the SG halfway through the year. Wage bill of 20,548,578. Super contributions of 1,188, 546. Contributions of 5% per employee? And yes, the biggest contributor to the rise in that wage bill was eligible to receive super payments...

Author:	woof [ Tue Nov 26, 2013 9:44 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Super only gets paid on the salary component of a salary package which should explain the diferrence. A package could consist of salary, car, bonuses etc.

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Author:	Mosquito Fleet [ Tue Nov 26, 2013 10:01 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
JohnM wrote: Mosquito Fleet wrote: Brief read of the Annual Report: Page 31 of the Annual Report: Mr Farouh Income as Director $1106 but cost the Club $254,061 expenses through related transactions with the Club Ms Pratt Income $1,141,867 but expenses $512,447 Mr Kernahan Income $54,590 Expenses $107,598 Can any one explain why Directors should cost the Club through expenses? Should they not be bringing money in? Also the debt looks like $5.9 million - Has Richmond wiped its debt of this year? They're not Director's expenses. They are transactions that the club has put through a business or entity that the Director is associated with. For instance, in Fahour's case it would be any money the club spent with Australia Post. In Kernahan's case, it would be any money the club spent with Kernahan's printing company. Ok. Thanks I understand Carlton may receive its printing material from Stick's business. What would Carlton be wishing to spend money on Australia Post? $254,061 is a lot of Carlton letters considering we have an Internet policy at Carlton. What would Carlton be wishing to spend money on Visy?

Author:	The Rhino [ Tue Nov 26, 2013 10:08 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
woof wrote: Super only gets paid on the salary component of a salary package which should explain the diferrence. A package could consist of salary, car, bonuses etc. True - based on those numbers though, the average package is 60/40 salary? With the changes to car leasing and FBT/having Hyundai as a major sponsor, what sort of manager is promoting that sort of uncertainty on a salary package that sees almost half their wage as being questionable? And I'm sure that figure inflates much more once you take rank and file employees out of the question Probably just being naive here as to how most AFL contracts are structured, but that's a tremendous amount of uncertainty.

Author:	cecil89 [ Tue Nov 26, 2013 10:46 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Can anyone enlighten me as to what an ASF Grant is? *listed under Other Income - ASF Grants. 2012: $321,220 up to $767,695 in 2013.

Author:	JohnM [ Tue Nov 26, 2013 11:03 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
Mosquito Fleet wrote: JohnM wrote: Mosquito Fleet wrote: Brief read of the Annual Report: Page 31 of the Annual Report: Mr Farouh Income as Director $1106 but cost the Club $254,061 expenses through related transactions with the Club Ms Pratt Income $1,141,867 but expenses $512,447 Mr Kernahan Income $54,590 Expenses $107,598 Can any one explain why Directors should cost the Club through expenses? Should they not be bringing money in? Also the debt looks like $5.9 million - Has Richmond wiped its debt of this year? They're not Director's expenses. They are transactions that the club has put through a business or entity that the Director is associated with. For instance, in Fahour's case it would be any money the club spent with Australia Post. In Kernahan's case, it would be any money the club spent with Kernahan's printing company. Ok. Thanks I understand Carlton may receive its printing material from Stick's business. What would Carlton be wishing to spend money on Australia Post? $254,061 is a lot of Carlton letters considering we have an Internet policy at Carlton. What would Carlton be wishing to spend money on Visy? Oz Post: membership packages would take up a fair chunk of that I'd imagine. Visy: recycling, waste, packaging for memberships, displays, signage, logistics… I'm just guessing here.

Author:	bluehammer [ Tue Nov 26, 2013 11:24 am ]
Post subject:	Re: Re: Carlton FC AGM - December 16, 2013
JohnM wrote: Oz Post: membership packages would take up a fair chunk of that I'd imagine. . Yep, not to mention sending 4 packs to the wrong address 3 times.

Author:	DocSherrin III [ Tue Nov 26, 2013 11:37 am ]
Post subject:	Re: Carlton FC AGM - December 16, 2013
cecil89 wrote: Can anyone enlighten me as to what an ASF Grant is? *listed under Other Income - ASF Grants. 2012: $321,220 up to $767,695 in 2013. Essentially, it's people like Geoffrey Edelsten who make donations to the club. His 'tax-deductible' donation to the club goes through the Australian Sports Foundation. The ASF receive to what amounts as a commission off the top. So long as there is a registered project started by Carlton - whether that be a plunge pool or team travel to Arizona, donations to that 'cause' are welcomed.