ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012
CONTENTS 2 ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373 CHAIRMAN S REPORT 3 MANAGING DIRECTOR AND CEO S REPORT 4-5 FINANCE DIRECTOR S REPORT 6 DIRECTORS REPORT 7-8 INDEPENDENT AUDITOR S REPORT 9 FINANCIAL REPORT 10-15
CHAIRMAN S REPORT The end of another year is already upon us and despite our patient to the cause. David Evans Chairman Essendon Football Club ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373 3
MANAGING DIRECTOR AND CEO S REPORT A 4 ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373
Ian Robson Essendon Football Club Managing Director & CEO ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373 5
FINANCE DIRECTOR S REPORT O TRADING RESULTS FINANCIAL POSITION HIGH PERFORMANCE CENTRE DEVELOPMENT LOOKING AHEAD Paul Brasher Finance Director 6 ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373
ESSENDON FOOTBALL CLUB ABN 22 004 286 373 DIRECTORS REPORT 1. DIRECTORS 2. PRINCIPAL ACTIVITY 3. OBJECTIVES AND STRATEGIES OF THE COMPANY 4. OPERATING RESULT 5. MEETINGS OF DIRECTORS eligible to attend Attended eligible to attend Attended * 6. INFORMATION ON CURRENT DIRECTORS * ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373 7
7. AUDITOR INDEPENDENCE AUDITOR S INDEPENDENCE DECLARATION 8. MEMBERS GUARANTEE DIRECTORS DECLARATION $ 8 ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373
AUDITOR S INDEPENDENCE DECLARATION TO THE DIRECTORS OF ESSENDON FOOTBALL CLUB INDEPENDENT AUDITOR S REPORT DIRECTORS RESPONSIBILITY FOR THE FINANCIAL REPORT AUDITOR S RESPONSIBILITY ELECTRONIC PRESENTATION OF AUDITED FINANCIAL REPORT INDEPENDENCE AUDITOR S OPINION ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373 9
ESSENDON FOOTBALL CLUB ABN 22 004 286 373 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 OCTOBER 2012 Note STATEMENT OF CHANGES IN MEMBERS FUNDS FOR THE YEAR ENDED 31 OCTOBER 2012 Asset Funds Funds $ STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2012 Note STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2012 Note FINANCIAL YEAR 10 ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373
NOTES TO AND FORMING PART OF THE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2012 1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES Loans and receivables Financial liabilities Land Asset revaluation reserve Plant and equipment/leasehold improvements Depreciation rate ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373 11
Gaming entitlements Gaming liabilities 2. ESSENDON FOOTBALL CLUB 12 ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373
NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2012 3. OPERATING PROFIT FROM ORDINARY ACTIVITIES 4. TRADE AND OTHER RECEIVABLES 5. INVENTORIES 6. OTHER ASSETS 7. PROPERTY, PLANT AND EQUIPMENT (a) An independent valuation of freehold land in Napier Street, Essendon, was undertaken ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373 13
Land Leasehold Total Land Leasehold Total 8. INTANGIBLES 9. TRADE AND OTHER PAYABLES 10. EMPLOYEE BENEFITS Current Non current 11. INCOME RECEIVED IN ADVANCE 12. FINANCIAL LIABILITIES Current Non current 13. BANK FACILITIES of facility Unused 14. NOTES TO THE STATEMENT OF CASH FLOWS Trading cash Adjustments for: Changes in assets and liabilities: 14 ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373
15. CAPITAL AND LEASING COMMITMENTS 16. FUTURE FUNDING currently yet to be 17. CONTINGENT LIABILITIES 18. KEY MANAGEMENT PERSONNEL 19. SUBSEQUENT EVENTS ESSENDON FOOTBALL CLUB ANNUAL REPORT 2012 ABN 22 004 286 373 15
Essendon Football Club Napier Street, Essendon PO Box 17, Essendon 3040 03 9230 0300 essendonfc.com.au