Financial Results

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Financial Results

Postby Brett » Fri Feb 07, 2020 7:27 pm

Anybody have the Financial results for the clubs. Have heard a few have made profits again which is great .
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Re: Financial Results

Postby MannyK » Fri Feb 07, 2020 8:39 pm

Here's Norwoods. Can never understand them.

https://norwoodfc.com.au/news/2019-financials/
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Re: Financial Results

Postby Dutchy » Fri Feb 07, 2020 9:26 pm

Best result in living memory at GFC...

Financial Summary for the 31 October 2019 Financial Statements:
The Consolidated Statutory Net Profit for the year ended 31 October 2019 for the Glenelg
Footballers’ Club (Venue) and the Glenelg Football Club (Football) was $447,050. The prime factors
were that of an improved Licensed Club result and the benefits across both Clubs for winning the
2019 SANFL Premiership. It is clearly the best consolidated outcome in recent years.
FLAGStaff Hill FC 2016, 2017, 2018 & 2019 Premiers
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Re: Financial Results

Postby Brett » Fri Feb 07, 2020 9:45 pm

MannyK wrote:Here's Norwoods. Can never understand them.

https://norwoodfc.com.au/news/2019-financials/


Yes I should have said that . Profit or not excluding the SANFL distribution and current debt.
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Re: Financial Results

Postby Brett » Fri Feb 07, 2020 9:48 pm

Dutchy wrote:Best result in living memory at GFC...

Financial Summary for the 31 October 2019 Financial Statements:
The Consolidated Statutory Net Profit for the year ended 31 October 2019 for the Glenelg
Footballers’ Club (Venue) and the Glenelg Football Club (Football) was $447,050. The prime factors
were that of an improved Licensed Club result and the benefits across both Clubs for winning the
2019 SANFL Premiership. It is clearly the best consolidated outcome in recent years.



Still carrying a lot of debt I hear and owing the Council a bit ?

Out of trouble though which is the main thing.
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Re: Financial Results

Postby DOC » Sat Feb 08, 2020 12:00 am

South recorded a surplus of 125k from memory .
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Re: Financial Results

Postby DOC » Sat Feb 08, 2020 12:03 am

Dutchy wrote:Best result in living memory at GFC...

Financial Summary for the 31 October 2019 Financial Statements:
The Consolidated Statutory Net Profit for the year ended 31 October 2019 for the Glenelg
Footballers’ Club (Venue) and the Glenelg Football Club (Football) was $447,050. The prime factors
were that of an improved Licensed Club result and the benefits across both Clubs for winning the
2019 SANFL Premiership. It is clearly the best consolidated outcome in recent years.


Premiership or not that is a tidy surplus.
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Re: Financial Results

Postby Jimmy_041 » Sat Feb 08, 2020 5:49 am

Dutchy wrote:Best result in living memory at GFC...

Financial Summary for the 31 October 2019 Financial Statements:
The Consolidated Statutory Net Profit for the year ended 31 October 2019 for the Glenelg
Footballers’ Club (Venue) and the Glenelg Football Club (Football) was $447,050. The prime factors
were that of an improved Licensed Club result and the benefits across both Clubs for winning the
2019 SANFL Premiership. It is clearly the best consolidated outcome in recent years.


I looked at them a couple of years ago and there was some very “interesting” accounting
I haven’t had reason to go through them since but maybe I will.
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Re: Financial Results

Postby Magellan » Sat Feb 08, 2020 4:08 pm

North made a 90K loss.
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Re: Financial Results

Postby Brett » Sat Feb 08, 2020 8:59 pm

That would be the first for awhile ?
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Re: Financial Results

Postby Magellan » Sat Feb 08, 2020 10:07 pm

Brett wrote:That would be the first for awhile ?

Reckon we made a similar loss last year, IIRC.
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Re: Financial Results

Postby Wedgie » Sun Feb 09, 2020 12:34 am

Deceptive as North got rid of another 120k debt.
Profit and loss statements mean stuff all these days unless you look a bit deeper.
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Re: Financial Results

Postby Brett » Sun Feb 09, 2020 7:42 pm

Wedgie wrote:Deceptive as North got rid of another 120k debt.
Profit and loss statements mean stuff all these days unless you look a bit deeper.


Have they changed ? :lol:
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Re: Financial Results

Postby Dutchy » Sun Feb 09, 2020 7:50 pm

Brett wrote:
Dutchy wrote:Best result in living memory at GFC...

Financial Summary for the 31 October 2019 Financial Statements:
The Consolidated Statutory Net Profit for the year ended 31 October 2019 for the Glenelg
Footballers’ Club (Venue) and the Glenelg Football Club (Football) was $447,050. The prime factors
were that of an improved Licensed Club result and the benefits across both Clubs for winning the
2019 SANFL Premiership. It is clearly the best consolidated outcome in recent years.



Still carrying a lot of debt I hear and owing the Council a bit ?

Out of trouble though which is the main thing.


It was a huge hole, now its just a big hole and still got plenty for work to get out of it, but have at least put some long term plans to achieve this
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Re: Financial Results

Postby mighty_tiger_79 » Tue Feb 11, 2020 9:25 am

Premiership merchandise i hear was a good result
Booooooooooo
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Re: Financial Results

Postby o five » Thu Feb 13, 2020 1:37 pm

Dutchy wrote:Best result in living memory at GFC...

Financial Summary for the 31 October 2019 Financial Statements:
The Consolidated Statutory Net Profit for the year ended 31 October 2019 for the Glenelg
Footballers’ Club (Venue) and the Glenelg Football Club (Football) was $447,050. The prime factors
were that of an improved Licensed Club result and the benefits across both Clubs for winning the
2019 SANFL Premiership. It is clearly the best consolidated outcome in recent years.


Mr Elliott and his staff working wonders down at the bay. :-BD
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