A STRONG & BOLD PREMIERSHIP CLUB

2017CONCISEFINANCIALREPORTACN 005 563 011

AWARE. DISCIPLINED. RELENTLESS. UNITED.

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TABLEOFCONTENTS

President’sReport 3FinanceReport

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Directors’Report

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ConciseFinancialReport

ConsolidatedStatementofComprehensiveIncome 15ConsolidatedStatementofFinancialPosition 16ConsolidatedStatementofChangesinEquity 17ConsolidatedStatementofCashFlow 18NotestoFinancialStatements 19

Directors’Declaration

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IndependentAuditor’sReport

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RelationshipoftheConciseFinancialReporttotheFullFinancialReportThe concise financial report is anextract from the full financial report for the year ended31October 2017. Thefinancialstatementsandspecificdisclosuresincludedintheconcisefinancialreporthavebeenderivedfromthefullfinancialreport.Theconcise financial report cannotbeexpected toprovideas fullanunderstandingof the financialperformance,financialpositionandfinancingandinvestingactivitiesofRichmondFootballClubasthefullfinancialreport.Furtherfinancialinformationcanbeobtainedfromthefullfinancialreport.The full financial report and auditor’s report will be sent to members on request, free of charge. Please emailsgordon@richmondfc.com.auandacopywillbeforwardedtoyou.

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PRESIDENT’SREPORT

The2017seasonwastrulyremarkable.On-fieldourperformancewasbuiltonunity,connectionandarelentlessdesiretosucceed.Onbehalfofallmembers,weagaincongratulatetheplayersandcoachesforbringingour11thPremiershipCupbacktoPuntRoadOval.After37years,weallhadreasontocelebrateandbeproud.Off-field,theClubwillreportaprofitof$3.06millionforthefinancialyearended31October.TheClub’soperatingsurpluswas$4.31millionbeforeamortisationanddepreciation.TheClubgeneratedtotalrevenueof$65.2million,anincreaseof$17.6millionyear-on-year.Thissignificantgrowthinrevenueisduetoincreasedcrowdsandsponsorshipaswellassalesofmerchandiseandmemorabilia. Italso includesa fullyear’soperationof theClub’shealthandrecreationbusiness,AlignedLeisure,whichexpandedfurther in2017to includemanagementof theElthamLeisureCentre. TheRichmond InstituteofSportsLeadership(RISL)–deliveredinpartnershipwithSwinburneUniversity–hasalsocontributedtoourrevenuegrowth.PrudentfinancialmanagementhasbeenapriorityfortheClubandmemberscanrestassuredweareinanextremelystrongposition.Weremaindebtfree,havecashreservesof$9.88millionandastrongnetassetpositionof$27.15million.Thispositionhasbeenhard-earnedandwewillcontinuetomakeconsidereddecisionstoprotectandenhanceourfinancialposition.Iamalsopleasedtosaythatwhilefootballisourcorebusiness,andalwaysournumberonepriority,wecontinuetoinvest in thecommunity. Ourcharitypartnershipwith theAlannahandMadelineFoundation,andourworkwithIndigenous youth in the Korin Gamadji Institute (which includes our partnership with theMelbourne IndigenousTransition School) are genuine examples of ways in which the Club is committed to making a difference in ourcommunity. IwanttomentionthatRichmondisnowthefirstAFLclubtosponsortheMidsummaFestival–againunderliningourauthenticcommitmenttodiversityandequality.IknowthatmembersandsupportersareproudoftheClub’sgenuinecontributiontothecommunity.2017Highlights

• Totalhomeandawaycrowdsinexcessofonemillion(AFLnumberone)• Averagehomecrowdsof55,958(AFLnumberoneandClubrecord)• Fivegameswereplayedinfrontofcrowdsinexcessof85,000• Dreamtimeatthe‘GandAnzacEvegameswerethe5thand6thhighesthomecrowdsinClubhistory• Seventhconsecutiverecordmembership75,777(AFL3rd)• HomeandawayTVaudienceinexcessof11.8million• Recordsponsorshiprevenue

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Appreciation

• ThesupportofourmembersisasourceofgreatprideforourClub.Youarethebestand75,777membersissimplyremarkable.Thankyouforyoursupport.

• ThankyoutoourjointmajorpartnersJeepandBingle.Bingle’spartnershipwiththeClubfinishedattheendoflastseasonandwethankthemfortheirsupportoverthepastsevenyears.

• We welcome our new joint-major partner nib and our naming rights and education partner SwinburneUniversity.Welookforwardtoworkingwithbothofyoulongintothefuture.

• ThanksalsotoourPlatinumandGoldpartnersPuma,Hostplus,BangandOlufsen,NationalStorage,United,ProBuild, Victorian Responsible Gambling Foundation and AG Coombs. I would also like to acknowledgecommunityprogrampartnersVicHealth,Plenary,theVictorianElectoralCommissionandCultureisLife.

• TheClubhasoutstandingcoteriesupport–thankstoourCoachesCoterie,Jack’sClub,LegendsClub,RichmondExecutive,InnerSanctum,3121andPlayerSponsors.

• ThankstothecheersquadwhoareagreatpartofourClub.Wealsoacknowledgethehardworkofourothersupporter groups around the country aswell as the TommyHafey Club, the Former Players andOfficialsAssociationandClub80.

• ThankyoutothemanyvolunteerswhohelpwiththeoperationsoftheClub.WeappreciatethecountlesshoursyoudevotetomakingourClubasuccess.

• Andfinally,thankstomyfellowBoardmembers,CEOBrendonGale,management,staff,coachesandplayers.2017hasbeentheseasonwealldreamedofandthechallengenowistodeliveraperiodofsustainedsuccess.ThatistheambitionofeveryoneassociatedwiththeClubandthehardworkwillnotstop.Iwouldliketotakethisopportunitytowishallourmembersandsupportersanenjoyableandsafeholidayseasonandlookforwardtoseeingyouin2018.GoTigers

PeggyO’NealPresidentRichmondFootballClub

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FINANCEREPORT

OnbehalfoftheboardandmanagementIhavegreatpleasureinpresentingthefinancialreportoftheClubfortheyearended31October2017.FinancialResultsTheClubhasreportedanetprofitof$3,063,298fortheyearended31October2017(2016:$80,257deficit).Ourcashbalancecontinuestobestrongat$9,881,528andhasincreasedby$5,370,008from31October2016.TheDirectors’most important balance sheetmeasure, free cash (accounts for short term liabilities) reflects a $5.249millionsurplus,andtheClubcontinuestoremainfreeofanyexternaldebt,indicatingaverystrongfinancialposition.Theexcellenton-fieldresultsachievedduring2017havecontributedtosignificant increases inthemajorityofourrevenuestreamsincludingmerchandise,matchreceipts,sponsorship,andcorporatehospitality.Following the launch of Aligned Leisure in 2016, our health and fitness business hasmet financial and logisticalexpectations.Furthermore,theventurehasprovidedfurtherlinkswiththecommunity,assistingwithfurthergrowthin membership numbers, provided additional corporate partnerships and facilitated additional non-traditionalrevenues.Theboardandmanagementareexcitedabouttheopportunitytoexpandandgrowthisnon-footballpartofourbusinessintheshort,mediumandlongterm.FinancialPositionInanenvironmentwheredebtlevelsacrosstheAFLclubscontinuestoremainhigh,theClubremainsdebtfreeandholdssignificantcashreserves.

Asat31October2017:

• The Club has a net asset position of $27,154,369 (2016: $24,091,071). In 2005 our financial statementsreflectedanetassetdeficiencyof$704,000.ThisrepresentsasignificantimprovementintheClub’sfinancialstanding.TheboardremainsresoluteincontinuingtobuildaliquidassetbaseandtoforeverprotecttheClubfromenteringintoanoperatingdebtpositioninthefuture,anambitiousbutcriticalissuegivenourpast.

• Itisalsoimportanttonotethatourshorttermpayablesandcreditorscontinuetobecoveredbyourliquidassetssuchascashandreceivables,demonstratingthatourworkingcapitalmanagementisstrong.

IwouldliketoacknowledgethededicationofourfinanceteamcomprisingMichaelStahl,ShannonGordon,HayleyBell, Angela Booth, Dom La Fontaine,Wendy Plowman and AlexaWard who continue to uphold the highest ofstandardsintheoperationofafinancialfunction.IwouldalsoliketoacknowledgetheselflessnessofTinaDeYoung,LukeLittlefieldandIanLancasterwhocontinuetodedicatesignificanttimeinmakinganoutstandingcontributiontoourfinance,auditandriskfunctions.

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ToJohnO’Donoghue,RobBaddeley,NicCoxandthePwCteam,thankyouforagainprovidinguswithoutstandingservicesandguidanceonthecomplexitiesofAccountingStandardsandCorporationsActrequirements.WevaluethecontributionandhonestythatPwCbringstoourorganisation.

Finally,IwouldliketothankeveryonewhocontinuestocontributetoourClubthroughmembership,merchandise,sponsorships,donations,coteriepackages,andcorporatehospitalityofferings. Welookforwardtocontinuingthejourneytogetheraswestrivetodeliveraperiodofsustainedsuccess.

RobDaltonFinancialDirector

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RICHMONDFOOTBALLCLUBFORTHEYEARENDED31OCTOBER2017DIRECTORS’REPORT

TheDirectorspresenttheirreportontheRichmondFootballClub(“theGroup”)fortheyearended31October2017.1. DIRECTORSThenamesanddetailsoftheGroup’sDirectorsinofficeduringallorpartofthefinancialyearofthisreportareasfollows.PEGGYO’NEAL PRESIDENTPeggywasappointedtotheboardinNovember2005.PeggyisaconsultanttoLander&Rogersandhasspecialisedinsuperannuationandfinancialserviceslawformorethan20years.InAugust2014shewasappointedtochairtheVictorianMinisterforSport’syear-longinquiryinto‘WomenandGirlsinSportandActiveRecreation’and isnowconvenorof theMinister’sChangeOurGameChampionsprogram. InAugust2017,PeggywasalsoappointedtoVictoria’sMinisterialCouncilonWomen’sEquality.Peggy is presently a non-executive director of the Commonwealth Superannuation Corporation aswell as NULISNominees Limited, a subsidiary of National Australia Bank which acts as trustee of the bank’s superannuationbusiness. Peggy also serves as an independent member of the External Compliance Committee of VanguardInvestmentsAustraliaandasanindependentconsultanttotheRisk,AuditandComplianceCommitteeofUniSuperLimited.Inthenot-for-profitsector,sheisontheboardofWomen’sHousing,ontheinvestmentadvisorypanelofHomesforHomes(aninitiativeoftheBigIssue)andisanambassadorformicro-financeorganisation,OpportunityInternational.PeggybecameaLifeMemberoftheClubin2015.Qualifications BachelorofArts

JurisDoctorFellowoftheAustralianInstituteofCompanyDirectors

Tenure Directorfor12yearsPresidentfor4years

OtherResponsibilities Memberofallboardcommittees

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MAURICEO’SHANNASSY VICEPRESIDENTMauricewasappointedtotheboardinDecember2004.Maurice has previously worked in the Australian Commonwealth Treasury and for BlackRock InvestmentManagement(anditsantecedents),whereheheldanumberofpositionsinEuropeandAsia,andfinallyasManagingDirectorofBlackRockInvestmentManagement(Australia)Ltd.Mauricesitsonanumberofboards,includingasChairmanofabio-techcompany.Heisalsowritingabookontheglobalmonetarysystem.MauricebecameaLifeMemberoftheClubin2014.Qualifications BachelorofScienceTenure Directorfor13years

VicePresidentfor12yearsOtherResponsibilities ChairofRisk,Compliance&IntegrityCommitteeROBDALTON DIRECTORRobwasappointedtotheboardinNovember2004.RobisaSeniorAuditPartneratErnst&YoungCharteredAccountants,apositionhehasheldfor23years.RobisChairmanofHockeyVictoriaaswellasamemberoftheAustralianSportsCommission’sFinance,AuditandRiskCommittee. He alsoholds a numberof other boardpositions in not-for-profit organisations, includingMonashUniversity.RobbecameaLifeMemberoftheClubin2014.Qualifications BachelorofBusiness(Accounting)

FellowofCPAAustraliaCharteredAccountant

Tenure Directorfor13yearsOtherResponsibilities ChairofFinanceCommittee

MemberofAuditCommitteeMemberofNominationsCommitteeMemberofRisk,Compliance&IntegrityCommitteeChairofAlignedLeisure

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EMMETTDUNNE DIRECTOREmmettwasappointedtotheboardinSeptember2016.Emmettwas recruited to theRichmondFootball Clubas a15 yearold from itsmetropolitan zone. Heplayed inpremiershipsides intheunder19sandreservescompetitions,andwasamemberofthe1980premiershipteam.Afterhisplayingcareer,hecontinuedhisinvolvementinfootballinvariouscoachingpositionsandasamemberoftheVFL/AFLTribunalfor20years,untilhisappointmenttotheClub’sboard.Emmett served in the Victoria Police for more than 39 years and retired in 2015 at the rank of AssistantCommissioner. During his policing career, he performed many roles including as the head of the ProfessionalStandardsCommandandoftheEasternRegionofVictoria,whenheleadmorethan4,500staff.EmmettisalsoontheboardofGreyhoundRacingVictoria.EmmettbecameaLifeMemberoftheClubin1989,andisalsoaPatronoftheClub’sBequestSociety.Qualifications GraduateDiplomaofBusinessManagement

DiplomaofTrainingandAssessmentSystemsTenure Directorfor1yearOtherResponsibilities ChairoftheHistory&TraditionCommittee

ChairoftheNominationsCommittee(fromOctober2017)MemberofRisk,Compliance&IntegrityCommittee

BRENDONGALE EXECUTIVEDIRECTORBrendonwasappointedasCEOoftheClubinAugust2009,andasExecutiveDirectorinDecember2015.BrendonpracticedlawwithaleadingAustraliancommerciallawfirm,priortoactingasasportingadministratorasCEOoftheAFLPlayersAssociation.BrendonisaGraduateoftheAustralianInstituteofCompanyDirectors,andservedontheboardoftheVictorianHumanRightsandEqualOpportunityCommissionfrom2009to2013.Heisalsoanowneranddirectorofseveralbusinessesinthehospitalityandleisuresector.Brendonplayed244AFLgameswiththeClubfrom1990to2001andwasawardedLifeMembershipin2000. Qualifications MasterofArts

BachelorofLawsGraduateAustralianInstituteofCompanyDirectors

Tenure Directorfor2yearsOtherResponsibilities Memberofallboardcommittees

DirectorofAlignedLeisure

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JOHNO’ROURKE DIRECTORJohnwasappointedtotheboardinNovember2015.JohnisthefounderandChairmanofPlenaryGroup,adeveloper,investorandmanagerofinfrastructureprojectswithbusinessesinAustralia,CanadaandtheUnitedStates.PriortoestablishingPlenaryGroupin2004,JohnworkedininvestmentbankingwithABNAMROandBZWAustralia,andpriortothatheldcorporatefinancepositionswithColesMyerLtdandCaterpillarInc.JohnisalsoViceChairmanoftheVictoriaRacingClub.Tenure Directorfor2yearsOtherResponsibilities ChairofNominationsCommittee(toOctober2017)

MemberofFinanceCommitteeDirectorofAlignedLeisure

JOEPOWELL DIRECTORJoewasappointedtotheboardinFebruary2017.CurrentlytheChiefExecutiveOfficerofpublicly listed,globalsportstechnology leader-CatapultSports, Joehasextensiveexperiencemanagingandoperatingmultinationalbusinessesinthetechnologysector.PriortoCatapult,Joespent10yearswithSEEKLtd.Inthattime,hewasManagingDirectorofSEEKEducationwhereheoversawvariouseducationbusinessesincludingSEEKLearning,CATHOEducationinBrazil,JobStreetLearninginMalaysia,OCCEducationinMexicoandOnlineEducationServices(SwinburneOnline).JoealsospentsixyearsasManagingDirectorofSEEKEmployment,responsiblefortheday-to-daymanagementofSEEK’scoreOnlineEmploymentbusinessinAustraliaandNewZealand,includingoverseeingthesales,marketing,product,customerservice,operationsandITteams.PriortoSEEK,Joespent11yearsatOptusinvariousmanagementroles,afterstartinghiscareerasanaccountantatPricewaterhouseCoopers.JoealsohassignificantboardexperiencewithOnlineEducationServicesandIDPEducationandisacurrentdirectoroftheMigrationCouncilAustralia.QualificationsTenure

BachelorofCommerceGraduateAustralianInstituteofCompanyDirectorsAdvancedManagementProgram(HarvardBusinessSchool)Directorfor9months

OtherResponsibilities MemberofFinanceCommitteeDirectorofAlignedLeisure

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HENRIETTEROTHSCHILD DIRECTORHenriettewasappointedtotheboardinFebruary2017.

Henriette is the ChiefOperatingOfficer of ASX-listed iSelect, Australia’s leading digital broker across insurance,utilitiesandpersonalfinanceproducts.Previously,HenriettewastheManagingDirectorofHayGroupAustralia/NZ,JapanandKorea,aglobalmanagementconsultingfirm.

Henriette has worked with boards, CEOs and executive teams in areas of organisational performance,transformationandbuildinghighperformancecultures.HenrietteisalsoontheboardofBrownBrothers,anAustralianfamilyownedwinecompany.QualificationsTenure

BachelorofArts(Psychology)GraduateDiplomainAppliedPsychologyGraduateDiplomainMarketingandBusinessGraduateofAustralianInstituteofCompanyDirectorsDirectorfor9months

OtherResponsibilities MemberofGovernanceCommitteeMemberofRisk,Compliance&IntegrityCommittee

KERRYRYAN DIRECTORKerrywasappointedtotheboardinOctober2013.Kerryisanexperiencednon-executivedirectoracrossarangeofindustriesandorganisations,includinglistedandnon-listedcompanies,not-for-profit,governmentandmembershiporganisations.ShecurrentlyservesontheboardofASXlistedRetailFoodGroupandisanadvisoryboardmemberofLexvoco.Kerryisaformercommercialpartnerofinternationallawfirm,NortonRoseFulbright.Herprofessionalexperiencealso includesworkingacross culturesandon-the-groundexperience inanumberofAsiancountries. Kerryalsoworkedasin-housecounselwiththePackerGroupinIndia.Qualifications BachelorofLaws

BachelorofArtsFellowoftheAustralianInstituteofCompanyDirectorsFellowoftheGovernanceInstituteofAustralia

Tenure Directorfor4yearsOtherResponsibilities MemberofGovernanceCommittee

MemberofRisk,Compliance&IntegrityCommitteeDirectorofAlignedLeisure

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MALCOLMSPEEDAO DIRECTORMalcolmwasappointedtotheboardinOctober2011.Malcolm is a former barrister and sports administrator. He was CEO of Cricket Australia (1997-2001) and theInternationalCricketCouncil(2001-2008),aswellasholdingseniorpositionsinbasketballduringthe1980sand1990s.Malcolm is now occupied in a range of sport-related activities as a university lecturer, consultant, and companydirector where his appointments include Golf Australia, Sports Environment Alliance and the Coalition ofMajorProfessionalandParticipationSports.Qualifications BachelorofLawsTenure Directorfor6yearsOtherResponsibilities ChairofGovernanceCommittee

MemberofFinanceCommittee

2. PRINCIPALACTIVITIESTheprincipal continuing activity during the year of theGroupwas theplaying andpromotionofAustralianRulesFootball.Therehasbeennosignificantchangeinthenatureoftheseactivitiesduringthefinancialyear.3. FINANCIALRESULTSThenetprofitoftheGroupfortheyearended31October2017was$3,063,298(2016:loss$80,257).Noprovisionforincometaxwasnecessary,astheGroupisanexemptsportingorganisationinaccordancewithsection50-45oftheIncomeTaxAssessmentAct1997.4. DIVIDENDSTheConstitutionoftheGroupspecificallyprohibitsthepaymentofanydividendstomembers.5. REVIEWOFOPERATIONSAnoutlineofthekeyeventsandtheirimpactontheGroup’soperationsduring2017issetoutinthePresidentandFinancereports.6. MATTERSARISINGSUBSEQUENTTOYEARENDNomatterorcircumstancehasarisensince31October2017thathassignificantlyaffected,ormaysignificantlyaffect:(a) theGroup’soperationsinfuturefinancialyears;(b) theresultsofthoseoperationsinfuturefinancialyears;or(c) theGroup’sstateofaffairsinfuturefinancialyears.

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7. LIKELYDEVELOPMENTSANDEXPECTEDRESULTSFurther informationonlikelydevelopments intheoperationsoftheGroupandtheexpectedresultsofoperationshavenotbeenincludedinthisannualfinancialreport.8. ENVIRONMENTALREGULATIONTheGrouphasassessedwhetherthereareanyparticularorsignificantenvironmentalregulationswhichapplytoitandhasdeterminedthattherearenone.9. INDEMNIFICATIONANDINSURANCEOFDIRECTORSTheGroupenteredintoinsurancearrangementsconcerningalltheDirectorsoftheGroup.TheGrouppaidinsurancepremiumsof$8,092inrespectofacontractinsuringeachoftheDirectorsagainstliabilitiesandexpensesarisingasaresultofperformingtheirdutiestotheextentpermittedbylaw.10. PROCEEDINGSONBEHALFOFTHEGROUPNopersonhasappliedtoacourtundersection237oftheCorporationsAct2001forleavetobringproceedingsonbehalf of theGroup, or to intervene in anyproceedings towhich theGroup is a party, for thepurposeof takingresponsibilityonbehalfoftheGroupforallorpartofthoseproceedings.11. BOARDMEETINGSThenumberofboardmeetingsconvenedandattendedbyeachDirectorduringthefinancialyearwereasfollows: Meetings

convenedwhilstinpositionof

Director

Meetingsattended

PeggyO’Neal 11 11MauriceO’Shannassy 11 11RexChadwick(resigned31/12/16) 2 2RobDalton 11 10EmmettDunne 11 10TonyFree(resigned10/11/16) - -BrendonGale 11 11JohnO’Rourke 11 11JoePowell(appointed28/02/17) 8 7HenrietteRothschild(appointed28/02/17) 8 7KerryRyan 11 11MalcolmSpeed 11 11

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12. COMMITTEEMEMBERSHIPAtthedateofthisreport,theGrouphasthefollowingstandingcommittees:Audit;Finance;Governance;History&Tradition;Nominations;andRisk,Compliance&Integrity.LukeLittlefieldservesasChairoftheAuditCommitteeandisanindependentconsultantandnon-Director.13. COMPANYSECRETARYTheCompanySecretaryoftheClubisMichaelStahl,whoalsoservesastheChiefOperatingOfficer.14. AUDITOR’SINDEPENDENCEDECLARATIONAcopyoftheauditor’sindependencedeclarationinrelationtotheauditforthefinancialyearisprovidedwiththisreport.

15. AUDITORPricewaterhouseCooperscontinuesinofficeinaccordancewithsection327oftheCorporationsAct2001.SignedinMelbourneinaccordancewitharesolutionoftheBoardofDirectors.

PeggyO’NealDirectorandPresident

RobDaltonDirectorDatedthis17thdayofNovember2017

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CONSOLIDATEDSTATEMENTOFCOMPREHENSIVEINCOMEFORTHEYEARENDED31OCTOBER2017 Notes 2017

$ 2016

$ INCOME Revenuefromcontinuingactivities 5 65,164,372 47,538,233 65,164,372 47,538,233 EXPENSES Footballoperations (26,200,040) (22,794,109)Health,fitnessandcommunitygroups (9,622,630) (2,917,060)Consumerproducts (6,853,551) (4,423,633)Sponsorship,fundraisingandcorporateproducts (6,307,293) (4,757,274)Gamingandhospitality (6,238,110) (6,241,029)Financeandadministration (3,315,109) (3,234,299)Facilitiesandmaintenance (1,799,535) (1,709,818)Media,marketingandcommunications (1,764,806) (1,541,268) (62,101,074) (47,618,490) PROFIT/(LOSS) 3,063,298 (80,257) Othercomprehensiveincome - - TOTALCOMPREHENSIVEINCOME/(LOSS) 3,063,298 (80,257)TheaboveConsolidatedStatementofComprehensiveIncomeshouldbereadinconjunctionwiththeaccompanyingnotes.

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CONSOLIDATEDSTATEMENTOFFINANCIALPOSITIONASAT31OCTOBER2017 2017

$ 2016

$ CURRENTASSETS Cashandcashequivalents 9,881,528 4,511,520Tradeandotherreceivables 1,721,367 690,147Prepayments 1,631,824 299,277Inventories 957,874 244,234TOTALCURRENTASSETS 14,192,593 5,745,178 NONCURRENTASSETS Property,plantandequipment 22,271,782 22,726,055Intangibleassets 868,617 1,050,090TOTALNONCURRENTASSETS 23,140,399 23,776,145 TOTALASSETS 37,332,992 29,521,323 CURRENTLIABILITIES Tradeandotherpayables 5,983,754 2,612,186Provisions 1,970,569 1,660,437Incomereceivedinadvance 2,080,650 1,049,656TOTALCURRENTLIABILITIES 10,034,973 5,322,279 NONCURRENTLIABILITIES Tradeandotherpayables 32,432 -Provisions 111,218 107,973TOTALNONCURRENTLIABILITIES 143,650 107,973 TOTALLIABILITIES 10,178,623 5,430,252 NETASSETS 27,154,369 24,091,071 EQUITY Retainedprofits 27,154,369 24,091,071TOTALEQUITY 27,154,369 24,091,071TheaboveConsolidatedStatementofFinancialPositionshouldbereadinconjunctionwiththeaccompanyingnotes.

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CONSOLIDATEDSTATEMENTOFCHANGESINEQUITYFORTHEYEARENDED31OCTOBER2017 2017

$ 2016

$ Totalequityatthebeginningoftheyear 24,091,071 24,171,328 Profit/(loss)fortheyear 3,063,298 (80,257)Othercomprehensiveincome - -Totalcomprehensiveincomefortheyear 3,063,298 (80,257) Totalequityattheendoftheyear 27,154,369 24,091,071TheaboveConsolidatedStatementofChangesinEquityshouldbereadinconjunctionwiththeaccompanyingnotes.

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CONSOLIDATEDSTATEMENTOFCASHFLOWFORTHEYEARENDED31OCTOBER2017 2017

$ 2016

$ CASHFLOWSFROMOPERATINGACTIVITIES Receiptsfromcustomers 69,772,489 51,619,323Interestreceived 78,194 109,741Paymentstosuppliers (30,776,936) (23,339,359)Paymentstoemployees (32,737,393) (27,174,404)NETCASHFLOWFROMOPERATINGACTIVITIES 6,336,354 1,215,301 CASHFLOWSFROMINVESTINGACTIVITIES Paymentsforproperty,plantandequipment (672,905) (786,250)Paymentsforgaminglicences (293,441) (298,308)NETCASHFLOWFROMINVESTINGACTIVITIES (966,346) (1,084,558) NETINCREASEINCASHHELD 5,370,008 130,743 Cashatthebeginningofthefinancialyear 4,511,520 4,380,777 CASHANDCASHEQUIVALENTSATTHEENDOF THEFINANCIALYEAR 9,881,528 4,511,520TheaboveConsolidatedStatementofCashFlowshouldbereadinconjunctionwiththeaccompanyingnotes.

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NOTESTOTHEFINANCIALSTATEMENTSFORTHEYEARENDED31OCTOBER2017TheconcisefinancialreportrelatestotheRichmondFootballClubattheendof,andduring,theyearended31October2017.Theaccountingpoliciesadoptedhavebeenconsistentlyappliedtoallyearspresented,unlessotherwisestated.RichmondFootballClubisacompanylimitedbyguaranteethatisincorporatedanddomiciledinAustralia.MembersoftheClubguaranteeitsliabilitiestotheextentof$50each.TheCompanyholdsalicencetoplayintheAustralianFootballLeague.1. PresentationcurrencyThepresentationcurrencyusedinthisconcisefinancialreportisAustraliandollars.

2. Segmentinformation

TheCompanyoperatesinthesportingandleisureindustryinAustraliaanditspredominantactivityistofieldafootballteamintheAustralianFootballLeague.

3. Dividends

TheArticlesofAssociationspecificallyprohibitsthepaymentofanydividendstoanymembers.

4. IncometaxIncometaxhasnotbeenprovidedforintheaccountsastheCompanyisanexemptsportingorganisationinaccordancewithSection50-45oftheIncomeTaxAssessmentAct1997.5. Revenue 2017

$ 2016

$ Revenuefromcontinuingactivities AFLdistributionsandprizemoney 13,627,896 10,478,488Gamingandhospitality 7,180,170 7,217,846Stadiumcontributionsandconsumerproducts 21,927,258 16,609,164Health,fitnessandcommunitygroups 8,639,721 2,473,589Sponsorship,fundraisingandcorporateproducts 13,638,619 10,575,059Interest 78,194 109,741Other 72,514 74,346Totalrevenuefromoperatingactivities 65,164,372 47,538,2336. EventsoccurringafterthebalancesheetdateNomatterorcircumstancehasarisensince31October2017thathassignificantlyaffected,ormaysignificantlyaffect:(a) theCompany’soperationsinfuturefinancialyears;(b) theresultsofthoseoperationsinfuturefinancialyears;or(c) theCompany’sstateofaffairsinfuturefinancialyears.

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Directors’DeclarationTheDirectorsdeclarethatintheiropinion,theconcisefinancialreportoftheCompanyfortheyearended31October2017assetoutonpages15to19complieswithAccountingStandardAASB1039:ConciseFinancialReports.The concise financial report is anextract from the full financial report for the year ended31October 2017. Thefinancialstatementsandspecificdisclosuresincludedintheconcisefinancialreporthavebeenderivedfromthefullfinancialreport.Theconcise financial report cannotbeexpected toprovideas fullanunderstandingof the financialperformance,financialpositionandfinancingandinvestingactivitiesoftheCompanyasthefullfinancialreport,whichisavailableonrequest.ThisdeclarationismadeinaccordancewitharesolutionoftheDirectors.

PeggyO’NealDirectorandPresident

RobDaltonDirectorMelbourne17thNovember2017

PricewaterhouseCoopers, ABN 52 780 433 757 2 Riverside Quay, SOUTHBANK VIC 3006, GPO Box 1331 MELBOURNE VIC 3001 T: +61 3 8603 1000, F: +61 3 8603 1999, www.pwc.com.au Liability limited by a scheme approved under Professional Standards Legislation.

Independent auditor’s report To the members of Richmond Football Club Limited

Report on the concise financial report

Our opinion

In our opinion, the accompanying concise financial report, including the discussion and analysis, of Richmond Football Club Limited (the Company) and its controlled entities (together, the Group) for the year ended 31 October 2017 complies with Australian Accounting Standard AASB 1039 Concise Financial Reports.

What we have audited

The Group concise financial report derived from the financial report of the Group for the year ended 31 October 2017 comprises:

the consolidated statement of financial position as at 31 October 2017

the consolidated statement of comprehensive income for the year then ended

the consolidated statement of changes in equity for the year then ended

the consolidated statement of cash flow for the year then ended

the related notes

the discussion and analysis.

Basis for opinion

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the concise financial report section of our report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Independence

We are independent of the Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the concise financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

Concise financial report

The concise financial report does not contain all the disclosures required by the Australian Accounting Standards in the preparation of the financial report. Reading the concise financial report and the auditor’s report thereon, therefore, is not a substitute for reading the financial report and the auditor’s report thereon.

The financial report and our report thereon

We expressed an unmodified audit opinion on the financial report in our report dated 17 November 2017.

Responsibilities of the directors for the concise financial report

The directors are responsible for the preparation of the concise financial report in accordance with Accounting Standard AASB 1039 Concise Financial Reports, and the Corporations Act 2001, and for such internal control as the directors determine is necessary to enable the preparation of the concise financial report.

Auditor’s responsibilities for the audit of the concise financial report

Our responsibility is to express an opinion on whether the concise financial report complies, in all material respects, with AASB 1039 Concise Financial Reports and whether the discussion and analysis complies with AAS 1039 Concise Financial Reports based on our procedures which were conducted in accordance with Auditing Standard ASA 810 Engagements to Report on Summary Financial Statements.

PricewaterhouseCoopers

John O’Donoghue Melbourne Partner 17 November 2017