Sturt Membership Drive 2012

http://www.youtube.com/watch?v=AfuOuSvrFWA

howthewestwaswon wrote:http://www.youtube.com/watch?v=AfuOuSvrFWA

Rumour has it that they ran to a $357 000 loss last season?

Hearing a lot of clubs have run at a loss last year.

Ben W wrote:

howthewestwaswon wrote:http://www.youtube.com/watch?v=AfuOuSvrFWA

Rumour has it that they ran to a $357 000 loss last season?

Not a ruumour. Mainly due to depreciation and sponsors not coughing up. Real loss $$ , not paper about $80k.

Sturt2 wrote:

Ben W wrote:

howthewestwaswon wrote:http://www.youtube.com/watch?v=AfuOuSvrFWA

Rumour has it that they ran to a $357 000 loss last season?

Not a ruumour. Mainly due to depreciation and sponsors not coughing up. Real loss $$ , not paper about $80k.

if that is correct (sponsors not sponsoring) that is disgraceful, have these companies/business' no morals ?..........perhaps sturt can put on their printed 'accounts' that they're still waiting for (insert company/business name) to pay up the PROMISED SPONSORSHIP MONEY.............that way they can be embarrassed into doing the right & honourable thing

Geez, that is disgraceful if people aren't coughing up their promised dollars. You would think, even if tough economic times, companies would check with their accountants to see if sponsorship is a viable option BEFORE they commit!

Hi S2 - what items have they put down as depreciation on the Report???

Financials not in the Annual Report as such.
Understand they are in a separate document not available at AGM time.
Apparently to be available separately if you want it.

Not sure if it has been released as yet.

Loss is also disappointing on the back of a record membership last season.
The prospects at the start of the season, or at the end of 2010, were that a return to profit (albeit modest) was forecast. Whilst not helpful to the bank account, this result is also a bit deflating from an effort and expectation perspective.

Meeting this Tuesday night at the Marion Council to discuss the doubling of the council rates at all Pokies venues, including the Sturts leased Castle Tavern.

http://www.adelaidenow.com.au/news/south-australia/marion-pokie-venue-rates-could-be-doubled/story-e6frea83-1226294723453