2012 operating results announced

kingkerna · **Posted:** Thu Nov 22, 2012 1:04 pm

yep, one of your better efforts Verbs :thumbsup:

frank dardew · **Joined:** Mon Feb 28, 2005 12:38 pm **Posts:** 7640

terrible financial result on the back of terrible season and ordinary free agency /trade period - a consistent theme seems to be running here

I hope none of the money is going to PR department because coutts lost that battle 10 years ago and really needs to be turned over and yet seems a protected species

womack · **Joined:** Tue Mar 01, 2005 10:29 am **Posts:** 2209

agree Frank re the numbers - I had a quick trawl through the accounts last night and to blame a loss on paying out coach contracts seems to be an easy way out... the CEO should be grilled on this ordinary financial performance - and I'd love to know what the other creditors of $3M plus are!!

interestingly - I thought the salary cap was around $9 mill in 2013 - notes to the accounts suggest that our player contract commitments for the next year are $10m plus!!! :screwy:

camel · **Posted:** Thu Nov 22, 2012 2:23 pm

Punter22 wrote:

camelboy wrote:

buzzaaaah wrote:

My concern is the extra $4.4 mil spend on marketing with no demonstrable positive return.

Certainly from a membership point of view you'd be right in saying that. But the wider engagement with members and fans has been a very welcome step. Being able to quantify the benefits will always be difficult if you look past the member tally (which we should expect to grow as well, of course).

What - it cost us $4.4m to buy some flip cameras to lug around on preseason trips? We couldn't even get the snags right at the (completely botched, naturally) training session!

$4.4m is a significant, significant amount of money for a business the size of Carlton. And as someone else has said, I can't see one tangible thing we have achieved over the last 12 months which we can point to and demonstrate some ROI for that $4.4m. Membership failed to hit a target and is miles behind other clubs of our size. Membership packs and seating were still all over the place.

This set of results is a major reinforcement of my perception of the club as having a lot of money flying all over the place without anyone having a clue about what to do with it, beyond waving a chequebook around and just buying 'stuff'.

Amateur hour stuff. It would be great to have the sense that there is some genuine heat being felt by some key people at the club, but obviously that's a long shot. Sticks got his extra year's farewell tour, so it will be steady as she goes. Great.

Of course it didn't cost $4.4m to buy some flip cameras, that wasn't my point. I do agree that questions should be asked, it doesn't look good, all I'm just saying there was at least some demonstrable return. :razz:

Punter22 · **Posted:** Thu Nov 22, 2012 4:50 pm

I was being semi facetious with the flip camera call

However I was being serious about the lack of return on such a significant sum.

bondiblue · **Posted:** Thu Nov 22, 2012 7:30 pm

womack wrote:

agree Frank re the numbers - I had a quick trawl through the accounts last night and to blame a loss on paying out coach contracts seems to be an easy way out... the CEO should be grilled on this ordinary financial performance - and I'd love to know what the other creditors of $3M plus are!!

interestingly - I thought the salary cap was around $9 mill in 2013 - notes to the accounts suggest that our player contract commitments for the next year are $10m plus!!! :screwy:

Well done womack :thumbsup:

Keep the bastard honest.

IMO Swanny is a fraud!

Hornet · **Joined:** Sat May 21, 2005 5:15 pm **Posts:** 7360

Shit season is shit...

Mickstar · **Joined:** Mon Feb 28, 2005 7:40 pm **Posts:** 7341

Warned you guys about Swann the day he got the gig.Got an almighty shellacking from all and sundry.....................anyhow,better late than never.Good to see a few of you guys are cottoning on.

GWS · **Posted:** Thu Nov 22, 2012 8:20 pm

Settle down everyone.

Sticks is overseeing everything.

Nothing to worry about...

keogh · **Joined:** Fri Jul 29, 2005 6:36 am **Posts:** 6402

Bottom line is
we had a loss
We sack coaches we shouldnt have employed in the first place with time to go on their contract.

I mean how can anyone think this club is run well financially with these figures

Pokie revenue up
Big flower deal
All that proves is that more people have more gambling addictions

How about raising revenue from something the club innovates and creates its own wealth rather than people putting their hand in their pocket to make a big collect.

less reliance on Bruce
The membership campaigns have been comical.

I am Carlton

What the @#$%&! does that mean

I just hope MM can turn this club around on field
He is on serious coin and if we dont improve many supporters wont turn up or buy a membership as we saw this year yet we will still have to pay him one mill a year

As I said as soon as fresh faces appear on the board and the old ones @#$%&! off the better Carlton will be.

dane · **Joined:** Tue Mar 08, 2005 10:14 am **Posts:** 22357

Chill Winston!

Steve S · **Joined:** Mon Jul 16, 2007 10:15 am **Posts:** 24

Can someone explain to me how you can have an operating loss (of $600k) but repay debt (or $750k) in the same year? Doesn't that mean that the $750k that has gone into debt repayment has gone onto the balance sheet without coming via the operating statement as income? So if it is not shown as operational income, where did it come from?

Am I missing something here? ..... I know I can't run a deficit family budget yet pay principle off my mortgate in the same year, nor has any organisation I have worked for been able to pay down debt whilst making a loss.

Donstuie · **Posted:** Fri Nov 23, 2012 8:14 am

Hornet wrote:

Shit season is shit...

Pretty much.

Given everything that went wrong on all fronts this year, this can hardly be surprising.

womack · **Joined:** Tue Mar 01, 2005 10:29 am **Posts:** 2209

Steve S wrote:

Can someone explain to me how you can have an operating loss (of $600k) but repay debt (or $750k) in the same year? Doesn't that mean that the $750k that has gone into debt repayment has gone onto the balance sheet without coming via the operating statement as income? So if it is not shown as operational income, where did it come from?

Am I missing something here? ..... I know I can't run a deficit family budget yet pay principle off my mortgate in the same year, nor has any organisation I have worked for been able to pay down debt whilst making a loss.

Steve - the loss includes non cash expenses such as depreciation on assets - so potentially you can have an accounting loss but be cash flow positive - this is one explanation... the other is to not pay your other creditors - we might owe Bruce mathieson $3m or something like that for operating costs on the pokies- this amount is included in the accounts as an expense but it hasn't been paid for... this leaves cash in the business to pay more pressing liabilities... hope this helps :wink:

BTW I really want to know what those other creditors of $3m + are !!

Steve S · **Joined:** Mon Jul 16, 2007 10:15 am **Posts:** 24

Thanks womack. Yes, there it is in the statement of consolidated cash flows. Thanks for steering me in the right direction.

teknodeejay · **Joined:** Mon Feb 28, 2005 2:30 pm **Posts:** 2897

I take some blame guys. I bought an AFL Membership and therefore contributed less $$ to the Carlton Football Club. I apologize for my contribution to this result.

club29 · **Posted:** Sun Nov 25, 2012 9:25 am

When we sign a player on a new contract and a portion of the contract is a marketing component does that amount come under marketing?
If so it might explain some of the questions about what we have to show for our marketing spending.

2012 operating results announced

Who is online