Collingwood announce operating profit of 1.5 million

The Collingwood Football Club has announced an operating profit before depreciation of $1,551,350 (2015 – $1,880,927) for the financial year ending 31 October 2016.

The final declared statutory result for the 2016 financial year is a net loss of $2,622,623 (2015 – profit of $848,076).

Collingwood was also required to contribute $1,405,904 to the AFL’s equalisation pool, which included $500,000 of AFL revenue sharing.

Highlights of Collingwood’s 2016 financial year include:

– Operating profit before depreciation of $1,551,350 (2015 – $1,880,927)

– Total profit before depreciation of $1,551,350

– Total depreciation of $4,173,973 (2015 – $2,634,485)

– Total club revenue of $71,475,457 (2015 – $66,485,870)

– Membership figure of 74,819

– Collingwood’s net asset position is $35,311,042 (2015 – $37,933,665)

– 16th consecutive operating profit