2013 AnnuAl RepoRt - Australian Grand Prix
2013 AnnuAl RepoRt - Australian Grand Prix
2013 AnnuAl RepoRt - Australian Grand Prix
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Notes to and Forming Part of the Financial Statementsfor the Financial Year Ended 30 June <strong>2013</strong>2. Revenue And Expenses From Ordinary Activities<strong>2013</strong>FormulaOne<strong>Grand</strong> <strong>Prix</strong>2012Motorcycle<strong>Grand</strong> <strong>Prix</strong>Future<strong>Grand</strong>s <strong>Prix</strong>June <strong>2013</strong>FinancialYear Total2012FormulaOne<strong>Grand</strong> <strong>Prix</strong>2011Motorcycle<strong>Grand</strong> <strong>Prix</strong>Future<strong>Grand</strong>s <strong>Prix</strong>June 2012FinancialYear Total$000’s $000’s $000’s $000’s $000’s $000’s $000’s $000’sIncome from transactionsSales revenue 30,250 9,947 - 40,197 27,896 7,012 - 34,908Sponsorship/Commercial revenue 7,260 1,877 - 9,137 7,255 1,654 - 8,909Interest received 1,840 190 - 2,030 1,428 170 - 1,598Government Contributions –56,645 3,076 6,758 66,479 52,707 3,905 6,480 63,092recurrent*Government Contributions – non1,160-- 1,1601,374-- 1,374recurrentGovernment Contribution – Phillip-- 500500---Island HomologationOther operating revenue 1,246 852 - 2,098 458 122 - 580Total income from transactions 98,401 15,942 7,258 121,601 91,118 12,863 6,480 110,461-Expenses from transactionsEvent Management and Staging** 46,617 10,423 592 57,632 54,631 7,823 - 62,454Recurrent Engineering** 29,237 3,902 - 33,139 27,939 3,541 - 31,480Administration*** 5,523 1,993 - 7,516 5,117 1,838 - 6,955Marketing/Promotion and Catering 12,764 2,724 - 15,488 11,778 2,503 - 14,281Total expenses from transactions 94,141 19,042 592 113,775 99,465 15,705 - 115,170Net result from transactions (netoperating balance)4,260 (3,100) 6,666 7,826 (8,347) (2,842) 6,480 (4,709)Other economic flows (6,790) - - (6,790) 1,190 (4) - 1,186Net result (2,530) (3,100) 6,666 1,036 (7,157) (2,846) 6,480 (3,523)* Includes $2,017,145 for recurrent spending on the 2014 Formula One event and $5,241,000 for recurrent spending on the <strong>2013</strong> Motorcycle event received in the 12/13 financial year (2012: $2,107,607 for the <strong>2013</strong> FormulaOne Event and $4,372,000 for the 2012 Motorcycle Event)** Includes costs associated with the assembly, dismantle and servicing of event infrastructure*** Includes depreciation and amortisation4646<strong>Australian</strong> <strong>Grand</strong> <strong>Prix</strong> Corporation Annual Report <strong>2013</strong>
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