Luca Marotta Tuesday, January 18, 2011 23 : 36
Certainly, proponents of the shareholder may consider the popular Bayern Munich as a model for inspiration. The Bayern Munich within the parameters of financial fair play in that, both in the consolidated balance sheet at the level of corporate financial statements, shows a positive net worth plenty, has a lower debt to revenue, and it, inter alia, concerns only the investment stage, the ratio of personnel costs and revenues, and well below the level of 70%. The last three years for the consolidated financial statements were closed with profits rising steadily, while the operational budget of the club are now closed six years running with a net positive.
The professional German soccer team Bayern is owned by "FC Bayern München AG, which is a corporation controlled by a quota of 87, 4% from a registered association (Verein eingetragener") called "FC Bayern München eV "with 162,187 members. Adidas AG owns 9.7% of Audi AG and the remaining 2.9%. On 26 November 2009, Audi announced its intention to purchase the 9.09% of the shares of FC Bayern Munich AG. The automaker from Ingolstadt pointed out that it would be in possession of such portion in three tranches between March 2010 and July 2011. The operation will reinforce the partnership between the two companies began in 2002 with a total cost of € 90 million against Audi. In return, the automaker will receive 2.5 million shares. The company
FC Bayern München AG directly controls Allianz Arena München Stadion GmbH (the company that owns the stadium called the "Allianz Arena") and indirectly with shares of the following companies: Allianz Arena Payment GmbH, Arena Stadium Beteiligungs GmbH & Co. KG FC Bayern Tours Ltd (50%). Initially, Allianz Arena München Stadion GmbH, was to be controlled together with the other team in Monaco in Munich, TSV 1860 Munich, but on April 25 2008, a press release, the company made it known that he refused to buy 50% of the stadium "Allianz Arena", retaining only the right to play matches until June 30, 2025, paying the rent. Allianz Arena München Stadion GmbH for the financial year 2009/10 ended with a loss of about € 3.2 million. On June 30, 2009, the company had detected a loss for the year of € 10,417,967.84 (6,958,799.96 in 2008) and due to banks showed 166,966,000.00 (136,474,500.00 in 2008); However, the 65.54% of the debt to banks had a maturity of over 5 years. Among the most important negative income components of society which manages the stadium include depreciation and financial charges.
From a sporting perspective the 2009/2010 season saw Bayern Munich to reach the final of the Uefa Champions League, winning the championship of the German Bundesliga and DFB Pokal.
DATA OF CONSOLIDATED
The results of the Group as at 30 June 2010, are much better, in terms of revenues, compared to the previous year, although it is noted that, according to the classification scheme of balance sheet items of the DFL , namely Deutsche Fußball Liga GmbH, the proceeds from the transfers of players are included in the ordinary income and considered as components of turnover. While their losses are included under "other operating costs."
Consolidated revenues increased from 303.8 million to 350.2 million euro, an increase of 15.27%.
Consolidated EBITDA, or operating income calculated before interest, taxes, depreciation and amortization, amounted to € 86.5 million. In the previous year amounted to € 65.5 million. The increase was 32.06%.
The consolidated profit after tax amounted to 2.9 million up 16% compared to € 2.5 million recorded in 2008/09.
In terms of assets, from reading the data appears to be a solid group. The total assets amounted 515 million € and is made for 77.61% of assets.
consolidated net fixed assets amounted to 399.7 million euro. Those intangible assets amounted to 83.7, while the tangible financial and reached a value of 316 million. The current assets (inventories, receivables, cash and cash equivalents) amounted to 111.5 million. Accruals and deferred charges amounted to € 3.8 million.
shareholders' equity is positive and amounts to 176.8 million, representing 34.33% of the assets. Provisions amounted to 24.7 million, the group's debts amounted to € 242.6 million of deferred income and accrued expenses and revenues anticipated for the record figure of 70.9 million euro.
The bank loans are part of the group only to Allianz Arena München Stadion GmbH. This debt, given the deadlines and EBITDA, is sustainable.
THE FINANCIAL STATEMENTS
With regard to the financial statements of FC Bayern München AG, sales increased to a record 312 million euro from 268.7 million the year 2008/09, an increase of 16, 11%. Even if we exclude the entry for income from player transfers, resulting in an increase in turnover which rose from € 254.4 million of the € 2,009,000,000 to 284.8000000 to 2010, with a positive variation of 11, 95%.
The composition of turnover is be as follows:
- Revenues from races: € 111.6 million. These revenues relate to the collections of home games in the Bundesliga, friendly matches, DFB-Pokal and the UEFA Champions League. This item accounts for 35.77% of total revenues (39.19% excluding capital gains). The previous year amounted to € 95.2 million and therefore an increase of 17.23%.
- Revenues from sponsorship and marketing for 82.6 million euro. This item accounts for 26.47% of total revenues (29% excluding capital gains). The previous year amounted to EUR 73 million and therefore an increase of 13.15%.
- Revenue from TV and radio rights for 38.5 million euro (for games Bundesliga, DFB Cup and friendlies). Of these, 28.6 are derived from the breakdown of the Bundesliga TV rights. This item accounts for 12.34% of total revenues (13.52% excluding capital gains). The previous year, there have been income from broadcasting rights for an amount of € 35 million, so there was an increase of 10%. We must note that in Germany the TV rights are centralized.
- Income from transfers players to 27.2 million euro. This accounts for the heading '8.72% of total revenues. The previous year amounted to € 14.3 million and therefore an increase of 90.21%.
- Revenue from merchandising to € 38.9 million. This item accounts for 12.47% of total revenues (13.66% excluding capital gains). The previous year amounted to € 37.1 million and therefore an increase of 8.72%.
- Other revenues of € 13.2 million (including: rentals and leases, New Media, allowances for national players DFB, FC Bayern II revenues, youth teams and women). This item accounts for 4.23% of total revenues (4.63% excluding capital gains). The previous year amounted to € 14.1 million and thus a decrease of 6.38%.
The personnel expenses amount to € 164.9 million, accounting for 52.85% of sales (57.9% excluding capital gains). These costs show an increase of 18.46% compared to € 139.2 million in 2007/2008.
The costs of purchases of equipment and services, net of operating expenses, amounted to EUR 20 million were up 2.56%, compared to € 19.5 million the previous year. Other operating costs
mark the figure of € 65.9 million (65 in 2008/09).
EBITDA, which is the calculated result before interest, taxes and amortization, was a profit of € 61.2 million, an increase of 36% compared to 45 million for the year ended June 30, 2009.
Depreciation and amortization increased by 51.26% and amounted to EUR 54 million, of which 51.4 amortization rose to players. In the previous year amounted to € 35.7 million (including amortization of intangible assets to 33.2).
The net financial amount to € 1.6 million (2.3 in the previous year).
EBIT of FC Bayern München AG is positive for € 8.8 million.
The loss of expertise resulting from the shareholding in Allianz Arena München Stadion GmbH was 3.2 million euro (10.4 million € in 2009).
Income taxes amounted to EUR 2.7 million in the prior period marked a positive balance of € 1.3 million. FC Bayern Monaco
AG shows a net profit after tax € 2.9 million, up 16% compared to June 30, 2009, when he scored the figure of € 2,497,088.54.
With regard to the balance sheet, total net assets at June 30, 2010 amounted to € 217.8 million in 2009 were 195 million euro.
Intangible assets, net amounted to € 83.7 million, as at 30 June 2009 amounted to € 60.3 million. The financial assets are included, in addition to shares in other companies, including loans to subsidiary companies (Allianz Arena Stadion GmbH), securities and other claims. These three items amounted to € 66.1 million (65.6 million € to 30/06/2009).
The current assets at June 30, 2009, total income amounted to € 96.4 million in 2009 amounted to € 65.1 million. This item includes cash and cash equivalents amounting to € 63.7 million, up 89 explosive, 02%, compared to 33.7 million by 30 June 2009.
Prepayments and accrued income are set to EUR 2.6 million (2.5 million in 2009). The company's equity
FC Bayern München AG, the 30/06/2010, amounted to 206.4 million euro and is an increase compared to the value of 30 June 2009 amounted to € 177.5 million. Please note that following approval of the financial year ended 30 June 2009 were distributed dividends for a million euro has been set aside in reserves and the amount of € 1,497,088.54.
The risk provisions amounted to 20.09 million euro, while in 2008/09 amounted to € 15.6 million.
The amount of the debts amounted to € 88.8 million and were up 36.35% compared to 65.2 million in June 30, 2009.
The deferred revenues anticipated to spend € 0.6 million from 4.3 million euro in the June 30, 2009.
The relationship between equity and total assets amounted to 65.1%, was judged very positively by the directors of the club, as it demonstrates the club's financial independence and not dependence on market fluctuations.
E 'approved an amendment to the statutes that the armored popular shareholding, making it more difficult climbing and the possibility of control of the club by a single entity. For the future of the club, the directors were very optimistic.
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