Income
Operating Income
Gaming Revenue 18,693,872 74,848,444
Retail Food & Beverage 4,365,978 15,356,620
Total Group Rewards 636,193 1,500,763
West HQ Events 1,090,574 2,879,150
Warehouse 91,599 266,661
SGAC Revenue 2,238,574 8,721,826
Novotel Sydney - Hotel 2,245,277 7,915,918
Zone Bowling 192,013 470,485
Sydney Coliseum Theatre 1,049,694 2,305,888
Finance Income
Interest Income 101,543 157,729
Total Income 30,705,317 114,423,484
Expenses
Operating Expenses
Staff Expenses 8,971,371 31,708,297
Cost of Goods Sold 2,843,493 7,727,462
ClubGRANTS 503,228 1,613,800
Licence Fees and Subscriptions 831,715 4,309,617
Poker Machine Taxation 4,699,932 20,308,950
Repairs and Maintenance 756,160 2,468,226
Utilities and Waste 897,677 2,818,585
General Expenses 4,831,974 16,446,452
Total Operating Expenses 24,335,550 87,401,389
Overheads
Finance Expenses 1,104,968 3,204,330 Depreciation 3,762,371 15,122,452 Taxes -Profit/Loss on Sale of Asset - 17,481 Total Overheads 4,867,339 18,309,301 Total Expenses 29,202,889 105,710,690 Net Profit for the Quarter 1,502,428 8,712,794
WEST HQ LTD BALANCE SHEET
As at 31 December 2022
Assets
$
Cash 11,548,479
Trade and other receivables 832,032
Prepayments and other assets 1,045,121 Inventories 789,139
Total Current Assets 14,214,771
Non Current Assets
Property, plant and equipment 229,268,618 Deferred tax asset 188,044
Total non current assets 229,456,662
Total assets 243,671,433
Current liabilities
Trade and other payables 9,301,762
Employee benefits 2,364,390
Lease Liabilities 1,390,334
Interest Bearing Liabilities 10,000,000
Total current liabilities 23,056,486
Non Current Liabilities
Interest Bearing Liabilities 75,000,000
Total non current assets 75,000,000
Total liabilities 98,056,486
Net assets 145,614,947
Members funds
Retained Earnings 145,614,947
Total members funds 145,614,947