CEO Report
It is pleasing that we had a net profit in January of $4554 which is up considerably on last year. This is basically on the back of good performances in Match as well as the Bars. The dry weather and some great numbers for members’ competitions have contributed to this result once again.
In the food and beverage department, the bars have been performing quite well. Whilst we had a loss in the food and functions department it was considerably less than the corresponding month in previous years.
On the course I think the course staff have handled the extreme weather conditions well. The resent wet weather has filled our dams and we seem to be over the worst of the heat and the course is looking good again.
The install for our audio visual upgrade is due for completion on the 15th of March. We now will be able to show all sporting events on a huge projection screen. The install for the new counter is on 13th of March and we hope to have the kiosk fully operational before the beginning of April.
Happy golfing
Stuart Davies – CEO
Finance Report
| Jan 2017 | Jan 2016 | Year To Date | Last Year | |
| Operating Cash Profit/Loss | $21,641
Profit |
$2,506
Profit |
$177,845
Profit |
* $128,510
Profit |
| Net Profit/Loss (after Depreciation) | $4,554
Profit |
($22,115)
Loss |
$62,697
Profit |
* $28,767
Profit |