East Fife have drawn Aberdeen away in the 5th Rnd of the Home Coming Scottish Cup. The game will be held at Pittodrie on Sat 8th Feb.

The away fans are accommodated in the South Stand. It will be pay at the turnstyles for all East Fife supporters with the exception of any under 12 tickets which need to be purchased from the Aberdeen FC Ticket Office.

Ticket enquiries  -  08719 831903

RDS/South Stand - Adults = £15.00;   Concessions = £10.00 ;  Under 12 - £5.00.  (normally £21/£15/£8)

The accounts were not available until the AGM so nobody really had time to form any real opinion so I will list the key items.

 
TURNOVER                                600135                                272668
COST OF SALES                         369314                                175434
GP                                           230821                                 97234
 
ADMIN EXPENSES                       268553                                155599
 
LOSS ON ORDINARY ACTIV.          (13986)                               (38564)
(NB there are other incomes and expenditures which I have not shown as these are the main items)
 
CASH AT BANK                          235132                                166736
CREDITORS                               116361                                 36848
 
ADDITIONAL INFO
19000 shares @ £4.25 were sold during the financial year. Quantity of authorised shares now stands at 200,000 with 191,000 issued and fully paid up.
 
1) Players wages are shown in COS and bonuses in Admin expenses ?
2) Main items in turnover increase are Rangers game,season tickets and hospitality
3) SC advised that a "Fife family" have had to withdraw financial support due to the current economic climate and that the club would need to fund all costs. This would mean reviewing all costs including wages. Any consideration of
ground expansion is frozen and the club will look at all cost cutting opportunities.
4) Financial planning had initially been done on home crowds averaging 1000
5) There are no rifts on the EFFC board and the team will continue to work together in the interests of the club.
6) I asked SC to re-iterate his statement of two years ago that he would not allow EFFC to go into debt to achieve on-field targets. He said he and the board would do everything in their power to ensure the club would not go into debt. He also expressed an opinion that there are several clubs who are living on a knife edge and would cease to exist without bank support which cannot last forever.
7) No announcement was made of WG resigning either as Chairman or as a board member therefore I did not think it necessary to ask the question.
8)The manager was not available so there was no report relating to the playing side.