2013 AnnuAl RepoRt - Australian Grand Prix

Motorcycle Grand PrixThe 2012 AirAsia Australian Motorcycle Grand Prix was held on 26 - 28 October 2012.The event enjoyed its strongest growth in sales across VIP hospitality, grandstand andgeneral admission categories, all of which contributed to a 44 percent increase in totalrevenue as well as a 29 percent increase in estimated attendance.Expenditure increased by 21 percent mainly due to an increase in scope of the eventdue to increased attendance and an increase in contractual commitments.As a consequence of the increase in revenues and the control of costs in line withbudget projections, the actual government investment for the 2012 AirAsia AustralianMotorcycle Grand Prix of $5.947 million was less than that of the prior year.Motorcycle Grand Prix- Result by EventFutureEvents$’0002012Event$’0002011Event$’0002010Event$’0002009Event$’000Sales Revenue - 9,947 7,012 6,172 7,276Total Revenue - 12,601 8,782 7,583 8,656Total Expenditure - (18,548) (15,368) (14,204) (13,926)Operating Result beforeGovernment Investment &Depreciation- (5,947) (6,586) (6,621) (5,270)Government Investment 5,241 5,947 6,586 6,621 5,270Motorcycle Grand Prix- Result by Financial Year2012/13$’0002011/12$’0002010/11$’0002009/10$’0002008/09$’000Sales Revenue 9,947 7,012 6,172 7,276 7,488Total Revenue 12,601 8,782 7,583 8,656 8,823Total Expenditure (18,548) (15,368) (14,204) (13,926) (12,568)Operating Result beforeGovernment Investment &Depreciation(5,947) (6,586) (6,621) (5,270) (3,745)Government Investment 7,817 8,277 5,105 6,758 5,623Phillip Island Homologation WorksIn addition to the motorcycle event funding noted above the Corporation has receivedfunding of $0.500 million to upgrade the facilities at Phillip Island to ensure that the circuitcomplies with the safety requirements for future MotoGP events.Australian Grand Prix Corporation Annual Report 2013 19 19