St Kilda Football Club is pleased to confirm a series of positive financial results in publishing its 2021 Annual Report, headlined by a $4.3m reduction in club debt.
The club achieved an operating profit of $3.6m for the financial year ending 31 October 2021, however after accounting for facility funding revenue, depreciation, amortisation and interest, the club reported a statutory profit of $12.8m.
Key elements of the club’s 2021 financial results:
- The club reduced its debt by a record $4,264,806, reducing overall debt to $9,562,300.
- The club operating profit before facility funding revenue, depreciation, amortisation and interest of $3,593,640 (2020: $1,246,930) and an overall statutory net profit of $12,809,844.
- The club generated $42,599,271 in operating revenues at the same time as reducing its reliance on AFL funding – St Kilda’s variable distribution decreasing by $1.1m in comparison with 2019 levels.
- The net assets of the club increased to $29,067,424 from $16,257,585 in 2020.
- The club has recorded a second consecutive year of record memberships with 55,832 members in 2021, representing 14% growth on the 2020 tally of 48,775.
St Kilda achieved an operating profit of $3.6m for the financial year ending 31 October 2021, however after accounting for facility funding revenue, depreciation, amortisation and interest, the club reported a statutory profit of $12.8m. https://t.co/shxDNwZhI7 pic.twitter.com/ME0WJX2kpL
— sportsindustry (@footyindustryAU) November 26, 2021
Previous Reports
St Kilda
- 2007 St Kilda Annual Report
- 2008 St Kilda Annual Report
- 2009 St Kilda Annual Report
- 2010 St Kilda Annual Report
- 2011 St Kilda Annual Report
- 2012 St Kilda Annual Report
- 2013 St Kilda Annual Report
- 2014 St Kilda Annual Report
- 2015 St Kilda Annual Report
- 2016 St Kilda Annual Report
- 2017 St Kilda Annual Report
- 2018 St Kilda Annual Report
- 2019 St Kilda Annual Report
- 2020 St Kilda Annual Report
