Juventus' budget for the 2017/2018 season ended with a loss of 19.2 million; revenues of 504.7 million. The accounts approved today by the board of directors say so.
The turnover, net of market transactions, remained above € 400 million, a factor considered with satisfaction by the club since last season Juventus stopped at the quarter-finals of the Champions League while the previous year had played the final. Operating result at -1.4 million.
Cda, approvato il progetto di bilancio: https://t.co/34Ngo5iOHQ pic.twitter.com/XKi3sg4kws— JuventusFC (@juventusfc) September 13, 2018
"The 2017/2018 financial year closed with a loss of € 19.2 million and showed a negative change of € 61.8 million compared to the profit of € 42.6 million in the previous year.
This negative change derives mainly from lower revenues of € 58 million, higher amortization and depreciation on players' registration rights for € 25 million, higher costs for external services for € 10.4 million, higher costs for purchases of materials destined for sale for € 3.2 million, higher amortization of other tangible and intangible assets for € 2.6 million and higher other operating expenses for € 1.7 million; these negative changes were partially offset by lower fees from player rights management for € 30.4 million, lower taxes for € 6.6 million and, finally, lower costs for registered personnel (€ 2 million) and non-card holders ( € 0.8 million).
Shareholders' equity at 30 June 2018 is equal to € 72 million, down from the € 93.8 million balance at 30 June 2017, due to the loss for the year (€ -19.2 million) and the movement of the reserve from fair value on financial assets (€ -2.5 million).
At 30 June 2018 net financial debt amounted to € 309.8 million, an increase of € 147.3 million compared to € 162.5 million at 30 June 2017, determined by the negative flows from operations (€ -8) million), from disbursements linked to Transfer Campaigns (€ -119.5 million net), from investments in other fixed assets and investments (€ -13.2 million net) and from financial assets (€ -6.6 million)
At 30 June 2018 the Company has bank credit lines for € 502.5 million, of which € 226.1 million revocable, used for a total of € 332.3 million, of which € 40.1 million for guarantees issued in favor of third parties, € 116.4 million for loans, € 15.7 million for cash overdrafts and € 160.1 million for advances on contracts and trade receivables
"The transactions completed in the 2017/2018 Transfer Campaign, which took place as usual during the summer and winter phases, involved a total increase in invested capital of € 136.8 million deriving from acquisitions and increases for € 157.9 million and disposals for € 21.1 million (net book value of the rights transferred).
The net capital gains generated by the disposals amounted to € 93.8 million.
The total net financial commitment, spread over four years, amounts to € 41.3 million, including accessory charges and the implicit financial charges and income on deferred receipts and payments ".With regard to these uses, the Company at 30 June 2018 had liquid assets for € 15 million. , 3 million deposited on various current accounts ".
Tags:
Serie A