Ann: FY21 Financial Results - Media Release, page-12

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Pink_floyd_1991

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27/08/21

22:59

Post #: 55640237
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Originally posted by jawstwo: ↑

The cash flow statement is pretty simple
There are only a few items.
The business after tax generated cash of $35 Million .
Of that inflow $15 Million went to tabcorp . $6 Million went to website development ( inhouse)and Dividend of $22 Million.
KMPs plus Directors were paid about $4.7 Million or about 10% of all payments to suppliers and staff.
Shareholders get mentioned on a few lines about dividends whereas Executives' pay etc get 16 pages.
Lets cut the crap and simply show the following:
Directors ( number ) Total paid $
CEO Total Paid $
Senior Executives ( number ) Total Paid $
Other Employees ( number ) Total Paid $
Consultants ( number) Total Paid.$
According to the accounts employee expense went from $23 Million to $30.3 Million. That is a 30% increase in one year.

Finally, personal observation- it is hard to find Australian based companies that are able to successfully manage overseas subsidiaries over time. No Australian Bank has been successful. BHP has made a mess of it ,even forgetting mine disasters like Chile, OK Tedi and Vale; Even JIN took a hit in Germany.
JIN depends like Tabcorp on large jackpots. With very large numbers of players , the chance of real big jackpots seem to be
on the wane. Powerball needs to be recalibrated so that mega payouts are offered.

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"With very large numbers of players". That is good for Jin.

JIN Price at posting: $14.92 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Ann: FY21 Financial Results - Media Release, page-12

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Ann: FY21 Financial Results - Media Release, page-12

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