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"Our debt for stages 2 3 with the bank is currently Nike Air Vapormax Womens Red

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the last seven years," Cook said.

Geelong's revenues increased by 14.5 per cent to $56.1 million, largely driven by the opening of the Players' Stand, which increased capacity to 33,500.

The major increase in expenditure came in increased football department costs, which rose by $2.1 million, or 11 per cent of $21.4 million, Cook said.

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$4.9 million," Cook said.

Cook added that match day attendances at both Simonds Stadium and the MCG were above budget levels and financial returns from home games in Melbourne against Hawthorn and Essendon were well above expectations.

Excluding one off revenues, Geelong's trading operating profit was just $148,000.

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The clubs net asset position is $11.2 million, up from $10 million in 2012.

Of the $2.6 million banked, $1.6 million is invested in the club's foundation.

"Despite this success, we continue to face many challenges and are working hard to address them. Nike Vapormax Black Bronze

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´╗┐Brian Cook assures fans at AGM

"While no doubt this has been a good investment, our consistent profits over many years are not seen in our current bank balance.

"The board and management recognise that we have been extremely fortunate to experienced a sustained period of on field success winning three premierships in Nike Vapormax Plus Total Orange

Cook said there were also some significant one off revenues totalling $3 million, mainly the $1.5 million distribution upon the wind up of the Geelong Cats Sports Foundation and $850,000 of revenues attracted for the installation of the super screen at Simonds Stadium.

"We also continue to invest heavily in feasibility studies for stages four and five, having spent $520,000 in that are already."

Cook said the club has invested more than $13 million back in Simonds Stadium over the past decade for stages 1 3 of the redevelopment.

"In 2014, we are budgeting for a small increase of 1 per cent to a total of $21.6 million," Cook said.

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"This past year has been a difficult one for the AFL industry," Cook told members at Simonds Stadium's Fred Flanagan Room.

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The requirement for ongoing innovation and improvement across all areas of our business is critical to ensuring the long term success of the club."

Speaking at the Cats annual general meeting on Wednesday night, Cook admitted the headlines had not been positive for the competition in Nike Air Vapormax Black Laceless 2013 on the back of the Essendon supplements scandal.

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