2010 Report - Essendon Football Club
2010 Report - Essendon Football Club
2010 Report - Essendon Football Club
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A<br />
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(f) Impairment of Assets<br />
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plus related on-costs.<br />
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likelihood of an employee remaining with the Company until they are entitled to Long<br />
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Contributions are made by the Company to complying superannuation funds and<br />
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(i) Income Tax<br />
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(j) <strong>Football</strong> expenses<br />
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obligations in respect of the termination of the senior coach contract.<br />
Player acquisition costs are written off in the year they are incurred as uncertainty<br />
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FINANCIAL REPORT<br />
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customers which is the date of the transfer of risks.<br />
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established.<br />
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In these circumstances the gST is recognised as part of the cost of acquisition of the asset<br />
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(m) business Combination<br />
The Windy Hill Fitness Centre is a business owned by the company but it is<br />
independently managed under a management agreement. The Company includes<br />
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(n) Leases<br />
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Payments made under operating leases are recognised in the statement of<br />
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(o) Intangible Assets<br />
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gaming Entitlements acquired are recorded at cost less accumulated amortisation and<br />
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2. ESSENDON FOOTbALL CLUb LImITED<br />
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The liability of each member of the company is limited to $20.<br />
3. OPERATING PROFIT FROm ORDINARy ACTIvITIES<br />
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<br />
<strong>2010</strong> 2009<br />
$ $<br />
AFL annual distribution <br />
- <br />
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Merchandise - sale of goods <br />
Match receipts <br />
Windy Hill Fitness Centre <br />
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- other <br />
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Note<br />
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Rental income <br />
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12 <strong>Essendon</strong> <strong>Football</strong> <strong>Club</strong> Annual <strong>Report</strong> <strong>2010</strong> essendonfc.com.au
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