Annual Report 2011/12 - Melbourne Cricket Club
Annual Report 2011/12 - Melbourne Cricket Club
Annual Report 2011/12 - Melbourne Cricket Club
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<strong>Melbourne</strong> <strong>Cricket</strong> <strong>Club</strong> & Controlled Entities<br />
Concise <strong>Report</strong><br />
Discussion and Analysis<br />
– Consolidated Statement of Changes in Equity<br />
CHANGES IN THE COMPOSITION<br />
OF TOTAL EQUITY<br />
Consolidated total equity in the current year increased<br />
by $25.259 million to $251.292 million.<br />
The major equity movements during the year were:<br />
• The reported net profit of $24.575 million, and movement<br />
in the cash flow hedge reserve of $0.684 million.<br />
• Included in the total result is the transfer of the net surplus from<br />
Yarra Park activities of $1.365 million to the Yarra Park Reserve.<br />
This amount must be spent on the operation, management,<br />
maintenance and improvement of Yarra Park. Refer to Note 2(b)<br />
for the Yarra Park accounting policy.<br />
MCC <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>/<strong>12</strong><br />
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