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Legislative Assembly for the ACT: 2000 Week 3 Hansard (9 March) . . Page.. 780 ..

ASSURANCE OF REVENUE

During the negotiation of this Agreement the parties have considered the financial model and the business principles prepared by consultants to the Territory ("the Business Plan"). The Business Plan illustrates a range of potential financial scenarios for the Stadium and the Raiders.

The table below sets out a summary of the potential outcomes from various levels of ticket box and signage sales by the Raiders and other hirers.

Raiders Annual Raiders % Share Raiders Annualised

Aggregate Public (from BRUV10.xls) Share ($M)

Paid Attendance

22,000 23.29% $2.27

44,000 27.83% $2.65

66,000 31.86% $3.02

88,000 35.46% $3.38

110,000 38.71% $3.74

132,000 41.64% $4.09

154,000 44.30% $4.44

176,000 46.73% $4.78

198,000 48.96% $5.11

220,000 51.01% $5.45

242,000 54.65% $5,78

264,000 54.65% $6.10

Note 1: This illustration results from the interrelationship of assumptions regarding various levels of Raiders sales compared with the assumed sales levels for other Hirers in the version of the Business Plan financial model styled BRUVIO.xls. Shifts in percentage shares between Hirers will occur in line with actual results from year to year.

Note 2: Figures based on 35. Events as described in the table below.

Rugby League - Minor Finals 1

Rugby League - Raiders Games 11

Rugby Union - Super 12's 11

Soccer International's - Min or 1

Soccer - Cosmos Matches 10

Entertainment Event 1

Total 35

Reconciliation of revenue is to be done after the last game of each season. The assumptions upon which the Business Plan is based are currently being independently reviewed by Arthur Andersen and separately by IMG. Subject to their confirmation of the major assumptions of the Business Plan, the Territory will guarantee that, during the years 1999 to 2003, that if the Raiders achieve their sales targets as illustrated above, the Raiders will receive the revenue from the Stadium operations predicted by the Business

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