The Blues say payouts to Brett Ratten (centre) and other assistant coaches contributed to the loss. Photo: Sebastian Costanzo
Carlton has blamed payouts to sacked coach Brett Ratten and his unwanted assistant coaches for a loss of more than $680,000 this year.
The Blues failed to make an operating profit in 2012 for the first time in six years.
They blame payouts to coaches, with Ratten sacked with one year remaining on his deal.
Assistants Alan Richardson, Mark Riley and Paul Williams were all moved on with the appointment of Mick Malthouse for 2013.
Carlton chief executive Greg Swann says falling attendances in a disappointing season are also a factor in the loss, though the Blues say they have reduced their historical debt below $6.5 million.
"This is the first time in six years we have not had an operating profit and the turnaround is from two areas - match returns and termination payouts," Swann said.
"With the coaching positions now finalised and with the ongoing support of Carlton people, the club expects to return to an operating profit in 2013."
Swann said a streamlined coaching panel for 2013 would cost the club less than in previous seasons.
The Blues said on-field performances had a direct effect on the club's financial position.
Match returns were down by $410,000 due to a nine per cent drop in Carlton's home-game attendances compared to the previous years.