Here's last year's annual report.
ANNUAL REPORT AUG 2013 – JUL 2014
The Directors are pleased to report that annual earnings during 2013-2014 slightly exceeded the expectations of last year’s annual report.
Q1-Q4 Graphs
August – July 2014:
Q1-Q4 Financial Results
Total Expected Revenue: $41,655.96
Earn Rate:
$/Tournament: ~$4.00
ABI $47.15
Q1-Q4 Summary
At the start of the fiscal year we were struggling to find sufficient volume due to overall discomfort. There has been a good improvement in health during the course of the last 12 months, but other poker related business activities have nevertheless resulted in a low number of games being played. These activities have nonetheless enabled a good balance of work types without significant loss of income, and indeed 2013-14 represents the best 12 month period to date as a professional poker player.
Regrettably software limitations no longer permit accurate estimate of hours worked nor, as a result, hourly rate. A rough mental estimate suggests a 15-20% reduction in overall hours, particularly in the last 6 months, where parental duties have taken more of a front line.
Next Fiscal Year Plan (2014 - 2015)
Health
The frozen shoulder having largely recovered (at least as far as being able to work at a computer) it seems reasonable to assume that health concerns will be of only minor impact over the coming 12 month period. Solid working days 4 to 5 per week can therefore be expected.
Poker Economy
The American market still not being available and continued expansion of the scope of European regulation implies a further contraction of the poker economy. We would hope that an ABI of at around $50 can nevertheless be maintained. If it is possible to “breakthrough” into the $200 SNGs, this should be comfortable, but luck will play a significant role here due to low volume.
Volume
Volume is unlikely to exceed 500 games per month on average, but so long as staking and coaching hours are substituted for playing hours this should not pose a threat to overall profitability. We would hope to achieve between $3-4/game inclusive of rakeback with volume in the range of 400-600 per month. Playing profits in the range of $20,000 will therefore be entirely satisfactory.
Coaching
The aim is to continue to offer a significant amount of coaching hours each month, ideally in the range of 15-30 hours.
Staking
The staking business introduced as a possible side-line in last year’s report has now become an established source of income. Going forward it will be necessary to ensure that running this business does not become too much of a time burden. There is a fine balance between having enough stakees to be a genuine going concern which adds to income, and so many that the administration time required prevents sufficient playing/coaching time. In an ideal world the three income streams will balance well so that playing assists high level coaching which in turn improves staking results.
17/9/2014
So, many congratulations, klompa!
But we brought back a ton of Normandy cider and smelly cheeses, so it's all good:
