2006/07 Annual Report - Melbourne Cricket Club

Finance Report for Season 2006/07Gentlemen,The financial result for the year ended 30 th June 2007 shows a loss of $10,692 against last year’sprofit of $2,639.The main reasons for the loss are:1. Uncollected subscriptions from approx 80 members2. A loss on the Annual Dinner of $2,207, to assist in celebrating the special occasion of50 th Anniversary; items such as artwork for menus, commemorative wine labels andfilming3. Printing of 50th Anniversary Annual Reports and fixtures ($9,717-) annual reports andfixtures4. Purchase of merchandise (ties $4,388 and playing caps $2,013) for future use/sale5. 50 th Year Commemorative wine – unsold stock on hand ($1,080)Our cash position remains strong with a balance of $31,660 after allcommitted expenditure is taken into account with $24,595 on term depositat an average of 5% per annum.Barry MattersHon. Treasurer3