Peter V'landys - New NRL/ARLC Chairman

[Iamback]

You know the post I was responding to was criticising the puff piece from the journo right?



Lol



The only people who brag in the media about the surplus they forecast is the government, and that's because the budgets are very public. Can't say I remember any other business talking up their expected profits a year in advance



Cool. I'm a qualified accountant too. Does that make my opinion more important?

Australian cricket facing $100m cash crisis, report warns

A confidential report has found that Australian cricket is unsustainable without either significant cost-cutting or massive revenue increases.

www.smh.com.au

The detailed report from Boston Consulting Group, commissioned by Cricket Australia, projects a negative cash flow of $90 million over the next three years, an average of $30 million a year, if nothing changes.

Cricket can predict losing $90m in 3 years, Yet NRL can't predict finances for the upcoming season?

Or what about Virgin Australia predicting a profit in 2023?

What Virgin does not want to ‘see again’

Virgin Australia has recorded a monster operational loss over the last year, a result the airline does not want to “see again”.

www.perthnow.com.au

“We are forecasting a profit for the 2023 financial year and a period of continued growth.”

Ms Hrdlicka said the airline would continue to look to cut down on costs as it battled rising fuel prices and staff shortages.

Organisations always forecast this sort of stuff, Doesn't mean it happens

As for you, Sure thing go for it. While you are looking at the books, I would like to know the actual Broadcast figures. Thanks in advance

 

[mongoose]

Can't say I remember any other business talking up their expected profits a year in advance

Business's do this literally all the time lol

 

[Iamback]

Business's do this literally all the time lol

Of course they do, They need to plan any extra staff hiring, Stock needed etc

 

[The Penguin #6.]

Can't say I remember any other business talking up their expected profits a year in advance

What planet are you on, business CEO`s are continually talking up their future revenue prospects i.e profits. It is generally the whole point of being a business.

Cool. I'm a qualified accountant too. Does that make my opinion more important?

H & R Block ?

 

[Maximus]

Australian cricket facing $100m cash crisis, report warns

A confidential report has found that Australian cricket is unsustainable without either significant cost-cutting or massive revenue increases.

www.smh.com.au

The detailed report from Boston Consulting Group, commissioned by Cricket Australia, projects a negative cash flow of $90 million over the next three years, an average of $30 million a year, if nothing changes.

Cricket can predict losing $90m in 3 years, Yet NRL can't predict finances for the upcoming season?

Or what about Virgin Australia predicting a profit in 2023?

What Virgin does not want to ‘see again’

Virgin Australia has recorded a monster operational loss over the last year, a result the airline does not want to “see again”.

www.perthnow.com.au

“We are forecasting a profit for the 2023 financial year and a period of continued growth.”

Ms Hrdlicka said the airline would continue to look to cut down on costs as it battled rising fuel prices and staff shortages.

Organisations always forecast this sort of stuff, Doesn't mean it happens

As for you, Sure thing go for it. While you are looking at the books, I would like to know the actual Broadcast figures. Thanks in advance

The cricket one is a leaked report, not anyone going into the media.

The virgin one is at least 3 months into their year, and as far as I can see, aren't even giving a number, let alone bragging about record numbers

 

[Maximus]

Business's do this literally all the time lol

Go to the media before a financial year starts, give a specific profit number and brag about how they are going to make a record profit in a years time?

Every business forecasts results. Businesses don't go to the media and say "look how good we are, we are going to report a profit of $x in 13 months time".

 

[Maximus]

Of course they do, They need to plan any extra staff hiring, Stock needed etc

They go to the media to brag about forecasts profits so they can plan extra staff hiring? What?

 

[Maximus]

What planet are you on, business CEO`s are continually talking up their future revenue prospects i.e profits. It is generally the whole point of being a business.


H & R Block ?

Wait, you think revenue and profit are the same thing?

 

[Get Rid of The Donkeys]

What cuts will he make to reach his predicted profit margin?

It won't be the annual grant as he's increased that to keep the Sydney clubs safe.

 

[MugaB]

They go to the media to brag about forecasts profits so they can plan extra staff hiring? What?

Oh my god are you still going on with this... i think the argument is over dude... you got pants... i did you a favour by breaking up your 4 posts in a row... to 4 different posters bagging your accounting skillz

 

[Wb1234]

What cuts will he make to reach his predicted profit margin?

It won't be the annual grant as he's increased that to keep the Sydney clubs safe.

Doesn’t need to make cuts

they made 43 million last year and revenue went up this year over 30 million with full houses at origins and grand final (so they were looking at a profit over 70 million before increasing spending)


he spent some of that money with the salary cap going up to 11 mill

 

[MugaB]

What cuts will he make to reach his predicted profit margin?

It won't be the annual grant as he's increased that to keep the Sydney clubs safe.

f**k yeah... status quo, keeping the nswrl alive, 9 games in Sydney to watch if you're a cowboy fan... hopefully 10 when the bears return.... IF


... ahhh fk it when...its PVL of course its a when!!!

Maybe if PVL was around in the 90s doin this job for the BRL they'd be the premier league comp by now...

 

[Iamback]

They go to the media to brag about forecasts profits so they can plan extra staff hiring? What?

Qantas projects staggering profits as unions slam pay incentives

www.9news.com.au

Well in this case yes

Joyce said the record profits mean the company will invest in "rewarding" employees who have been doing "an amazing job" but the motive is being questioned by the aviation union.
"We'll spend an additional $40 million a year on permanent pay increases for our people on top of the $200 million in cash and share bonuses we've announced for our people," he said.
Qantas said there will be an annual wage increase of 1 per cent for 20,000 employees from 2 to 3 per cent.

 

[Maximus]

Qantas projects staggering profits as unions slam pay incentives

www.9news.com.au

Well in this case yes

Joyce said the record profits mean the company will invest in "rewarding" employees who have been doing "an amazing job" but the motive is being questioned by the aviation union.
"We'll spend an additional $40 million a year on permanent pay increases for our people on top of the $200 million in cash and share bonuses we've announced for our people," he said.
Qantas said there will be an annual wage increase of 1 per cent for 20,000 employees from 2 to 3 per cent.

Fail. Projected profits for a 6 month period of which they already had the results of the first 3 months. Not even remotely similar

 

[Maximus]

Oh my god are you still going on with this... i think the argument is over dude... you got pants... i did you a favour by breaking up your 4 posts in a row... to 4 different posters bagging your accounting skillz
View attachment 67491

Ah yes lets listen to the guy who thinks property purchases go on the p&l or the other guy who thinks revenue and profit are the same thing

 

[Munky]

Speaking of Qantas.

That isn't a staggering profit.

It's not a record either, 2008 was a profit of $1.54b.

Which was an 11% margin, which sounds good until you realise their average is 2.69% since 2002 and 4.49% not including 2020 and 2021.

Current share price is less 2007.

Not a good return on equity at all.

Oops it's for six months. I dare say a huge chunk of profit is reinstatement of impaired assets from covid. Share price not reflecting maintained growth

 

[MugaB]

Ah yes lets listen to the guy who thinks property purchases go on the p&l or the other guy who thinks revenue and profit are the same thing

Yeah I'm not part of this argument... i just want point out how burnt you're feelin is all...
Keep the rebuttles comin y'all

 

[Iamback]

Fail. Projected profits for a 6 month period of which they already had the results of the first 3 months. Not even remotely similar

What is harder to predict?

A sport where the contracts are in place and as such the expenses are known or an Airline where fuel prices change monthly, amongst other unknowns

 

[Munky]

What is harder to predict?

A sport where the contracts are in place and as such the expenses are known or an Airline where fuel prices change monthly, amongst other unknowns

Except Qantas hedges fuel costs.

 

[Iamback]

Except Qantas hedges fuel costs.

Virgin also predict turning around $398m loss into a profit. So despite what the poster says it happens, Usually at press club type lunches granted