ESG&EC About Us
Celebrating Years Of Reschs Enhanced Financial Smoke And Mirrors
Our Corporate Governance & Financial Statements Make Sam Bankman-Fried's FTX Cryptocurrency Exchange Seem Like A Well Run & Profitable Enterprise
The ESG&EC wishes it's members, golfers, euchre players, greyhound syndicate shareholders and Fatcat's NRL tipsters a Merry Christmas and a Prosperous, Happy New Year.
Statements, prepared as per 1. Accounting Standard AASB 101, are read into the club's accounts by the Honourable Davidson Love III and are unanimously recognised as an accurate detailing of tournament income and expenditure.
1. The Australian Accounting Standards Board made Accounting Standard AASB 101 Presentation of Financial Statements under section 334 of the Corporations Act 2001 on 24 July 2015.
Balance Pre Tournament - $3,356.62
Revenue - $1,200 (12 players)
Expenses - $1.654.30 (green fees & carts 659, prizemoney 700, milestones 50, hospitality 245.30)
Tournament Loss - $454.30
Balance Post Tournament - $2,902.32
Balance Pre Tournament - $2,356.62
Revenue - $6,500.00 (18 players plus other contributors)
Expenses - $5,500.00 (green fees & carts 3520, prizemoney 1500, golf extras - ids, balls, milestones 180, hospitality - friday drinks 300)
Tournament Profit - $1,000.00
Balance Post Tournament - $3,356.62
Balance Pre Tournament - $3,493.32
Revenue - $1,250 (11 players and 3 socials)
Expenses - $2,286.70 (green fees & carts 1128, prizemoney 700, milestones 100, hospitality 458.70)
Tournament Loss - $1,136.70
Balance Post Tournament - $2,356.62
Balance Pre Tournament - $3,243.32
Revenue - $7,330.00 (15 players plus other contributors)
Expenses - $7,080.00 (green fees & carts 3363, prizemoney 1400, shirts 1240, golf extras - ids, balls, milestones 182, hospitality - wyong lunch and friday drinks 472, beercoin refunds 425)
Tournament Profit - $250.00
Balance Post Tournament - $3,493.32
Balance Pre Tournament - $4,276.12
Revenue - $570 (9 players)
Expenses - $1,602.80 (green fees & carts 550, prizemoney 700, hospitality 352.80)
Tournament Loss - $1,032.80
Balance Post Tournament - $3,243.32
Balance Pre Tournament - $3,536.12
Revenue - $6,279 (20 players less refunds)
Expenses - $5,539 (course costs 1897, golf extras - ids, balls, milestones, beercoin 1445, prizemoney 1500, hospitality - wyong lunch, wednesday lunch, fri bar tab 697)
Tournament Profit - $740
Balance Post Tournament - $4,276.12
Balance Pre Tournament - $4,097.22
Revenue - $1,800 (18 players)
Expenses - $2,361.10 (green fees 1118, prizemoney 700, hospitality 443.10, milestones 100)
Tournament Loss - $561.10
Balance Post Tournament - $3,536.12
Balance Pre Tournament - $3,056.22
Revenue - $9,150 (20 players + Duck)
Expenses - $8,109 (course costs 4021, golf extras - ids, balls, shirts 1538, prizemoney 1500, hospitality - wed lunch, fri bar tab, beercoins 1050)
Tournament Profit - $1,041
Balance Post Tournament - $4,097.22
Balance Pre Tournament - $3,378.22
Revenue - $2,200 (22 players)
Expenses - $2,522 (green fees 1124, prizemoney 850, hospitality 548)
Tournament Loss - $322
Balance Post Tournament - $3,056.22
Balance Pre Tournament - $2,297.12
Revenue - $7,650 (17 players)
Expenses - $6,568.90 (course costs 3365, golf extras - ids, balls, shirts 1129.50, milestones 150, prizemoney 1100, hospitality
- wed lunch, fri esky & bar tab, beercoins 789.40)
Tournament Profit - $1,081.10
Balance Post Tournament - $3,378.22
Balance Pre Tournament - $2,854.82
Revenue - $1,900 (17 players + 4 guests)
Expenses - $2,457.70 (green fees 1082, milestones 100, prizemoney 700, hospitality 575.70)
Tournament Loss - $557.70
Balance Post Tournament - $2,297.12
Balance Pre Tournament - $1,924.85
Revenue - $7,390 (16 players + 2 guests)
Expenses - $6,460.03 (course costs 3032, golf extras - ids, balls, shirts 1106.13, milestones 100, prizemoney 1450, hospitality
- tues lunch, wed lunch, fri bar tab, beercoins 771.90)
Tournament Profit - $929.97
Balance Post Tournament - $2,854.82
Balance Pre Tournament - $3,138.85
Revenue - $1,190 (17 players)
Expenses - $2,404 (green fees 978, prizemoney 700, milestones 200, hospitality 526)
Tournament Loss - $1,214
Balance Post Tournament - $1,924.85
Balance Pre Tournament - $3,568.50
Revenue - $8,470 (21 players + 1 guest)
Expenses - $8,899.65 (course costs 3959, golf extras - ids, balls, shirts 1268.75, milestones 150, prizemoney and trophy 1560,
hospitality - tues lunch, wed lunch and betting, fri bar tab, beercoins 1706.90, refunds - kentie and early fri leavers 255)
Tournament Loss - $429.65
Balance Post Tournament - $3,138.85
Balance Pre Tournament - $4,575.50
Revenue - $1,330 (19 players)
Expenses - $2,337 (green fees 988, hospitality 579, milestone 50, prizemoney and trophys 720)
Tournament Loss - $1,007
Balance Post Tournament - $3,568.50 #
Balance Pre World Series - $3,655.50
Revenue - $9,650 (24 players + 1 guest)
Expenses - $8,730 (golf courses 2618, wet weather refunds 1370, prizemoney and trophy 1560, shirts 1075, happy hours 315, Friday drinks 880, milestones 150, Wednesday betting
and seafood buffet 301, ids and golf balls 185 and Wyong lunch 276)
Tournament Profit - $920
Balance Post Tournament - $4,575.50