This includes a profit from operations (before Redevelopment Activities) of $1,363,857.
It is the Club’s ninth consecutive year of total profits, and its seventh consecutive year of total profits in excess of $1 million.
Since 2018, redevelopment activities at the VU Whitten Oval precinct have been separately identified in the financial report due to significant grants the Club has obtained and/or planned for.
As the Club’s redevelopment activities continue into 2023, the Club’s financial report will continue to separately identify income and expenses arising from the redevelopment project.
In 2022, the surplus from redevelopment activities was $3,824,564, which included income from State Government grants in relation to the VU Whitten Oval Redevelopment, offset by non-capitalised costs, assets written off and the Club’s non-capital contribution to the alternative training oval at Skinner Reserve delivered in partnership with the Maribyrnong City Council.
For accounting purposes, while all Whitten Oval Redevelopment grants received are recognised as income, the cash received is utilised to build physical and enduring assets for the Club.
The Club finished the financial year with net assets of $62,231,139 (up from $57,042,718 in 2021) and cash on hand of $29,292,366 (up from $24,439,706 in 2021).
To download the Club’s 2022 Financial Report, click here.
The Western Bulldogs have declared a comprehensive profit of 5.188m on revenue of 53.4m for 2022, including grants of 7.5m.
gate rose 2.85m to 3.17m, sponsors rose 0.8m to 10.936m, members rose 1.5m to 9.181mhttps://t.co/MOrRzaL1rK
— sportsindustry (@footyindustryAU) November 28, 2022