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Club announce $1.65M loss

Dannyz
in Melbourne Demons

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On 23/11/2024 at 17:55, Dannyz said:

Annual accounts have been released.
 

Puts an end to a grim year for the club. 
 

https://resources.melbournefc.com.au/aflc-melb/document/2024/11/22/8b9ff1d8-7937-4b5c-ac7d-a19869da7ae9/Annual-Financial-Report-2024.pdf

Literally the first paragraph of the annual statement article sent to members state the club is "proud to announce an operating profit of for the year ended 31 October 2024, marking the Club's fourth consecutive operating profit."

Where did you get loss from?

Edited by Katrina Dee Fan

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    25 minutes ago, Katrina Dee Fan said:

    Literally the first paragraph of the annual statement article sent to members state the club is "proud to announce an operating profit of for the year ended 31 October 2024, marking the Club's fourth consecutive operating profit."

    Where did you get loss from?

    From the financials.

    An operating profit is very different to an reported profit. 

    Edited by Dannyz

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    38 minutes ago, Dannyz said:

    From the financials.

    An operating profit is very different to an reported profit. 

    This might help Katrina

     

    Statutory Result                                                                       (1,605,505)

    Less Facility Related Funding (net)                                          (750,000) 

    Add back Net Legal Costs                                                         925,680

    Add back Player contract settlement (including oncosts)     3,123,612

    Operating Profit                                                                        1,693,787 

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