Hear art t of Mid idlothian lothian plc lc th AGM 111 th 111 - - PowerPoint PPT Presentation
Hear art t of Mid idlothian lothian plc lc th AGM 111 th 111 19th th Decem ember er 2017 17 Agenda 1. Chairmans Welcome and Opening Remarks 2. Formal Business Adopting 2016-17 Accounts Re-appointing Directors to the Board
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Adopting 2016-17 Accounts Re-appointing Directors to the Board Re-appointing Auditors Authorising Auditor remuneration Questions relating to the formal business
Budget 2016/17 £’000 Actual 2016/17 £’000 Revenue 10,400 11,300 Staff Costs 5,600 5,900 Overheads 4,700 5,400 Gain on player sales + loan income
Profit (EBITDA) 100 500 Exceptional Donation
FOH Monies 1,500 1,500
Phase 1 Completion Status Targeted Completion Reception Area 100% Directors Suite 100% Players Lounge 100% Seating 100% Concourse Facilities 90% 21st January 2018 Media Facilities 90% 27th December 2017 Hospitality – Lounge 1 100% Hospitality – Lounge 2 90% 21st January 2018
Phase 2 Target Date Supporters Bar ASAP Police facilities 21st January 2018 Plant Room 30th March 2018 Nursery facilities 27th April 2018 3rd Floor Restaurant 27th April 2018 Shop 30th June 2018
Phase 3 Plan Changing Rooms } Re-designed / planned 2nd Floor facilities } during Community facilities } January 2018
Source Phase 1 £’m Phase 2 / 3 £’m Club Resources 4.25 0.5 Benefactors 4.0 0.5 FOH 2.5 0.5 Supporter Contribution Schemes / Fundraising 0.5 0.5 Facility 1.25 0.5 TOTAL 12.5 2.5
6,550 6,982 9,967 11,255 11,800 2,000 4,000 6,000 8,000 10,000 12,000 14,000 2014 2015 2016 2017 2018
Revenue (£'000)
2014 2015 2016 2017 2018
2,000 4,000 6,000 8,000 10,000 12,000 14,000 2014 2015 2016 2017 2018 Revenue Staff Costs Overheads
2015/2016 Actual £’000 2016/17 Actual £’000 Players cost as a % of Turnover 29% 27% Players cost as a % of total Staff Costs 58% 57%
Gate Receipts 38% Commercial 24% Football Monies 23% Sponsorship 7% Other Income 7% Donations 1%
Actual 2016/17 £’000 Budget 2017/18 £’000 Revenue 11,300 11,800 Staff Costs 5,900 6,300 Overheads 5,400 5,400 Gain on player sales + Loan income 500
500 100 Exceptional Donation 2,500
1,500 1,500
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