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Collapse Issue 507:<br />16 Nov 2020<br />_____________Issue 507:
16 Nov 2020
Collapse  NEWS NEWS
Peninsula News is still here
Remembrance Day ceremony held at Ettalong
Umina Mall demolition makes way for new centre
Fire hazard reduction burns planned for The Bays
Blackwall Mountain 'severely damaged', says Trust
Ettalong Bowls Club weathers coronavirus pandemic
Information centre receives level two accreditation
Bridge Warriors renew letter-writing campaign
Council backs off on street tree planting
Men's Shed to hold garage sale in former car yard
Restrictions impact school farm operation, Rotary told
New graduate appointed to Umina fire station
Survey to understand arboretum use
Rotary holds christmas tree sale
Litter collected from Woy Woy Bay
Continued success with bacon and egg rolls
Help sought to locate missing man
Fire brigade holds 'relay training'
Group pursues environmental options
Historic newsletters wanted
Letters to let people know they are not forgotten
Opera raffle closes next week
Safer driver's course offered through PCYC
More than $6000 raised in Cup sweep for Rotary
Bags being filled with toiletries
Markets held at Umina
Almost 40mm in 13 days
Were mergers really making councils 'fit for future'?
A complete bungle on the part of the Council
Aged care home resumes bus outings
Christmas drummer bear included in decorations
Aged care residents buy ECG machine
Bently is 'cutest pet'
Collapse  ARTS ARTS
Hoping mural will be the first of many
Author launches new children's book
Vice-captain appointed to Minister's steering committee
New building planned for Ettalong school
Woy Woy campus captains chosen
School seeks voluntary ethics teachers
Nominations open for SRC and school captains
Students were voluntary referees
Preschool children plant vegetables and flowers
Learning about the life cycle of silkworms
'Naughty or nice' fundraiser
Students tutored in lawn bowls
Swimming zone champions receive certificates
Rugby league and touch teams make it to the finals
Umina United women win soccer grand final
Daniel celebrates his 100th First Grade game
Women's bowls club celebrates 61st birthday
State bowls championships to be held at Ettalong
Representative netball players selected
Southern Spirit cricket results
With more players, four Ducks teams are fielded
Christmas Party entries close early
Bicycle group holds 'coffee cruise'

Ettalong Bowls Club weathers coronavirus pandemic

The Ettalong Memorial Bowls Club appears to have weathered the coronavirus pandemic relatively well according to the club's 2019-20 financial statement.

Club suffered a drop in profits from $256,319 for the 2019 financial year to $116,931 for 2020, while revenues dropped by more than $1.5 million from $11.99 million to $10.48 million.

The club cut its costs from $10.05 million in 2019 to $8.67 for 2020.

Board chairman Mr Robert Henderson said: "There have been a range of measures introduced by the Government to support businesses and the club is eligible as a result of the impact of the shutdowns announced due to the Covid pandemic.

"The club anticipates continued challenging trading conditions until such time that a return to normal operations is possible.

"The extent of the loss incurred may impact cash reserves, with the financial position of the club being monitored on an ongoing basis by the Board."

Mr Henderson reported net clearances from poker machines for the year totalled $5.12 million, a decrease of $1.10 million (17.7 per cent) on the previous year.

Direct expenses for the 2020 year totalled $2.86 million which compared with 2019 year of $3.12 million, a decrease of $259,000 (8.1 per cent).

Net profit totalled $2.48 million which compared with the 2019 year of $3.39 million, a decrease of $912,000 (26.8 per cent ).

Turnover from bar trading for the year totalled $3.60 million compared with turnover for the previous year of $4.42 million, a decrease of $822,000 or 18.6 per cent.

The bar trading gross profit of $1.98 million (55.5 per cent of sales) is a decrease of $384,000 (16.2 per cent) on the previous year.

Net profit totalled $239,796 which compares with the 2019 year of $540,438, a decrease of $300,642 (55.6 per cent).

Income from bowls operations decreased by $10,098 (8.6 per cent) to $106,780 from $116,877 in 2019.

Expenses totalled $388,213 ($459,087 in 2019), a decrease of $70,874 (15.4 per cent). The net loss from bowls operations was $281,434 for the year compared to $342,210 in 2019, a decrease of $60,776 (17.7 per cent).

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