Financial Report Yr Ending 3.. - SHARKIES | Cronulla Sutherland ...

FINANCIAL REPORT FOR THE YEAR ENDED 31ST OCTOBER 2011
STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31ST OCTOBER 2011
GROUP
LEAGUES CLUB
Note 2011 2010 2011 2010
$ $ $ $
Revenue from sale of goods 2 3,896,316 4,122,439 3,249,441 3,466,904
Revenue from rendering of services 2 9,881,771 10,458,044 8,940,403 9,459,137
Other revenue 2 9,389,247 8,779,885 658,762 581,512
Revenue from continuing operations 23,167,334 23,360,368 12,848,606 13,507,553
Other income 3 198,375 170,975 144,088 155,658
Cost of sales (1,597,086) (1,543,874) (1,372,174) (1,386,127)
Bar and catering expenses (1,418,273) (1,504,936) (1,418,273) (1,504,936)
Marketing expenses (2,957,277) (2,358,572) (705,052) (490,982)
Occupancy expenses (1,707,657) (1,642,683) (925,289) (899,816)
Administrative expenses (2,401,444) (2,219,725) (1,705,414) (1,471,927)
Gaming expenses (1,573,596) (1,841,273) (1,573,596) (1,841,273)
Gaming taxes (2,663,341) (2,973,683) (2,663,341) (2,973,683)
Other expenses (1,991,412) (2,125,519) (1,991,412) (2,125,519)
Football expenses (8,045,858) (7,879,488) - -
(Deficit)/surplus before finance costs and grants paid (990,235) (558,410) 638,143 968,948
Finance costs 4 (1,023,636) (811,189) (927,814) (794,906)
Grants to Football Club - - (1,600,000) (250,000)
Deficit before tax (2,013,871) (1,369,599) (1,889,671) (75,958)
Income tax benefit 5 5,820 75,135 5,820 75,135
Deficit after tax (2,008,051) (1,294,464) (1,883,851) (823)
Other comprehensive income - - - -
Total comprehensive income for the year (2,008,051) (1,294,464) (1,883,851) (823)
The above statements of comprehensive income should be read in conjunction with the accompanying notes.
6 CRONULLA-SUTHERLAND LEAGUES CLUB LIMITED & CONTROLLED ENTITY ABN 54 000 202 826