CRICKET WORLD CUP 2003

1
CRICKET WORLD CUP 2003

• FINANCIAL REPORT

2
INCOME STATEMENTTO 30 APRIL 2003

• (Rm)
• INCOME 773
• OPERATING EXPENSES (373)
• OPERATING INCOME 400
• CAPITAL EXPENSES (131)
• NET INCOME 269
• DISTRBUTION (247)
• INCOME AVAILABLE FOR
• DISTRIBUTION 22
  

3
Analysis of income

• Rm
• FUNDING GLOBAL CRICKET CORP 649
• GATE REVENUE 81
• MERCHANDISING REVENUE 5
• HOSPITALITY RIGHTS 3
• REVENUE FROM BANQUETS 2
• GRANTS FOR OPENING CEREMONY 18
• SUNDRY GRANTS 12
• SUPPLIERS REVENUE 3

4
Analysis of income

• GCC FUNDING INCLUDES R57m EXCHANGE RATE GAIN
• 11.9m HAS BEEN HELD BACK BY ICC PENDING THE
  OUTCOME OF COMMERCIAL RIGHTS INFRINGEMENTS
  CLAIMED BY GCC
• OPENING CEREMONY INCLUDED GRANTS FROM SA
  TOURISM,THE GOVERNMENT AND NATIONAL LOTTERY
• THE GRANTS FOR FACILITY UPGRADING (LEGACY
  PROJECT) RECEIVED FROM GOVERNMENT AND THE PRIVATE
  SECTOR ARE SHOWN IN UCBSA ANNUAL REPORT

5
OPERATING EXPENSES

• Rm
• ICC HOST AGREEMENT EXPENSES 33
• ADMINISTRATIVE EXPENSES 152
• MARKETING EXPENSES 85
• OPERATIONAL EXPENSES 102
• NET FINANCE COSTS 1

6
OPERATING EXPENSES

• ICC HOST EXPENSES WERE CONTRACTUAL COSTS REQUIRED
  BY THE ICC AND GCC FOR EXAMPLE CLEAN STADIUMS,
  HOSPITALITY AND TV PRODUCTION COSTS
• ADMINISTRATIVE COSTS INCLUDED ACCREDITATION COSTS
  FOR MEDIA, BANK GUARANTEES TO ICC, INSURANCE,
  LEGAL AND CONSULTING FEES, THE TICKETING SYSTEM,
  OFFICE COSTS AND STAFF COSTS
• MARKETING COSTS INCLUDED ADVERTISING CAMPAIGNS
  AND PROMOTION,PR EXPENSES, THE OPENING AND
  CLOSING CEREMONIES AND BRANDING AND SIGNAGE AT
  STADIUMS ETC
• OPERATIONAL EXPENSES WERE EXPENSES ON TEAMS
  TRAVEL AND ACCOMODATION, LOGISTICS AND SECURITY,
  VOLUNTEER PROGRAMME,MATCH FEES AND MEDIA
  FACILITIES

7
CAPITAL EXPENSES

• Rm
• BOLAND 4
• BORDER 14
• EASTERNS 5
• EASTERN PROVINCE 21
• FREE STATE 11
• GAUTENG 15
• GRQUALAND WEST 4
• KZN 22
• NORTHERNS 12
• NORTH WEST 5
• WESTERN PROVINCE 18

8
CAPITAL EXPENSES

• THIS INCLUDES STADIUM UPGRADES, GIANT TV
  SCREENS,SCOREBOARDS, PA SYSTEMS
• FOR SECURITY REASONS NEW ACCESS CONTROL SYSTEMS
  WERE INSTALLED
• TEMPORARY STANDS WERE ERECTED TO INCREASE THE
  CAPACITY AT CERTAIN STADIUMS
• EQUIPMENT FOR FIELD AND PITCH MAINTENANCE WAS
  PROVIDED TO ALL VENUES

9
DISTRIBUTION TO AFFILIATES

• Rm
• UCBSA 26
• BOLAND 13
• BORDER 13
• EASTERNS 12
• EASTERN PROVINCE 19
• FREE STATE 14
• GAUTENG 34
• GRQUALAND WEST 12
• KZN 21
• NORTHERNS 25
• NORTH WEST 13
• WESTERN PROVINCE 32
• ZIMBABWE 12

10
DISTRIBUTION TO AFFILIATES

• THE DISTRIBUTION TO AFFILIATES INCLUDES THE GATE
  MONEY RECEIVED AT THEIR VENUES AS WELL AS ONE
  TWELTH OF THE FINAL INCOME AFTER ALLOCATING R20m
  TO UCBSA
• ZIMBABWE ALSO RECEIVED ONE TWELTH
• THE INCOME THAT REMAINS UNDISTRIBUTED WILL BE
  DISTRIBUTED ONCE ALL POTENTIAL CLAIMS HAVE BEEN
  CLEARED AND ONCE THE ICC HAVE SETTLED THEIR
  DISPUTE WITH GCC
• WE EXPECT TO RECOVER A LARGE PORTION OF THE
  11.9m DUE TO US BY THE ICC INDICATIONS ARE THAT
  60 THEREOF WILL BE PAID TO US