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Collapse Issue 15:<br />23 May 2000Issue 15:
23 May 2000
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Leagues Club holds annual meeting

The Woy Woy & District Rugby League Football Club Limited held its annual general meeting on May 21.

Following is an extract of a report by the president, Geoff McMahon.

On the field, 1999 was a perfect year, going through undefeated in First Grade.

We should have been awarded the best NSW Country team, but the rules are not easy to understand and we came second.

Club trading has been the most difficult since the doors were opened in 1983.

Increased local gaming competition and State Government’s reliance on the NSW Club industry for its declining tax revenue base has forced clubs to revise all facets of their business plans for short and long term strategies.

The most glaring deficiency was lack of member's parking.

This was a most difficult decision in the initial stage. However, if our Club was to progress, the minimal rent paid by the Fitness Centre, the state of disrepair and back rent owing of over $19,000, and parking had to be addressed immediately.

Looking at all the options, the Club’s financial and building advisers were adamant that it was the most prudent choice to remove the fitness centre, to enable the Club to replace these facilities in future development stages.

In addition, the report from advisers indicated that too much of our floorspace was dedicated to catering. This resulted in our decision to remove a wall and relocate the dining room to the elevated portion of the bistro.

It was evident that our poker machines were losing their "player appeal."

The Poker Machine Committee spent many hours investigating ways to improve our installation.

These changes cost the Club in the vicinity of $250,000.

In the early part of the year, our prices were kept down in an effort to re-capture patrons lost during the refurbishment.

Sales of $1,575,343 were down on the previous year ($1,686,142), and our gross profit percentage was also lower - 51% in 1999, giving us a bar trading profit of $15,000 lower than the previous year.

As previously stated, problems in this area were addressed and rectified and with the introduction of a Bonus Player Reward System and the revamping of our installation, we managed to come within $80,000 of last year's figures.

I might add that net clearances for the first two months of this year are already well in excess of the same period last year, so it appears we are finally heading in the right direction.

At this point I must mention that the Club spent in excess of $240,000 on members' promotions during 1999.

This calculates to 7.8% of net clearances and is more than most of our competitors in the club industry, and is above the hotel industry.

Last year saw the football club come back under the umbrella of the leagues club and following a rewarding year, both on and off the field, the year cost us approximately $92,000 more than the previous year.

The majority of that difference was eaten up in wages, oncosts and superannuation.

These extra costs totalled in excess of $40,000.

It has been agreed by the board to re-incorporate the football club operations, only for the reasons given above.

Hopefully, the worst is behind us.

Early indications for the year 2000 show a marked improvement. With new policies now in place, I am sure this improvement will continue and a better result will be declared in our next report.





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