Who are YCDCo?
The Yackandandah Community Development Company Ltd (YCDCo) was established in March, 2002 by seven concerned locals with the initial goal of securing the future supply of fuel in Yackandandah (a basic service function for the town that it is crucial to retain).
Having secured fuel supplies for Yackandandah now, and in to the future, YCDCo has extended its product range to include rural supplies and hardware, and concentrates on its returns to the community by way of wages and sponsorship.
An unlisted public company, YCDCo boasts the following statistics:
| Shareholders | 622 | |
| Shares issued | 4,231 | |
| Each Share's face value | $100 | |
| Each Share's net asset backing | $104.22 as at 30th June, 2011 | |
| Fuel sold | 2,387,400 litres in 2010-11 | |
| Annual revenue | $3,446,471 in 2010-11 | |
| Wages | $205,000 per annum | |
| Community Initative Sponsorships | $103,718 to date | |
| Surplus | $5,137 in 2010-11 |
YCDCo's goals:
- to undertake projects and initiatives which will economically and socially and culturally benefit the community of Yackandandah and its surrounding areas;
- to operate YCDCo on a commercially sustainable basis and generate profits to shareholders in the long term;
- to retain the broad-based community ownership of YCDCo;
- to return 50% of any future profits the company generates (e.g. after operating expenses) back to community causes and projects (to be defined); and,
- to return the remaining 50% of any profits to YCDCo shareholders.
More information is available by following the links to the right.