Luca Marotta Thursday, January 13, 2011 23:54
The "Società Sportiva Calcio Napoli SpA is a subsidiary company" Filmauro Srl " which owns 99.99%. The balance sheet at June 30, 2010 is the fourth consecutive budget with an operating profit, although modest, namely € 343 686. The latest loss was that of June 30, 2006, which exposed a loss of 9 million euro. For the purposes of financial fair play UEFA wanted, this consecutive series of profits is, of course, note on the Neapolitan society, especially if the same will maintain, for the future, the right balance between costs and revenues so far achieved. The strength is represented by the excellent relationship between staff costs and revenues, which is just below 35%. This result should the envy of other clubs, given the results achieved and the commitment of the team on the field. A question that arises, concerns the ability of leadership to unite, for the future, a very low cost of personnel with the growth of the team, in terms of sporting success. Some clues in the last budget approved lead us to affirm that it will be difficult. Indeed, the 2009/10 financial year was characterized by rising production costs, which increased from 88 million to 107.6 million, an increase of 22.21%, while the value of production increased by only 2 , 44%, reaching 110.8 million. Another positive note the budget of Naples, for the purposes of financial fair play is the absence of debts due and not paid. In addition, the lack of invariance of bank debt to shareholders for loans testifies, according to administrators, the cash flows from operations expressed.
Intangible assets increased from 54.6 million to € 63.2 million, an increase of 15.75%. Obviously the most important item on the rights to the annual performance of the players, which rose from € 37,631,534 to € 49,542,112, an increase of 31.65%, due to the strengthening of the rose. Among the purchases with high amounts include: Fabio Quagliarella 18 million; Luca Cigarini for 10.5 million, or 8.5 per Zuniga, Hugo Campagnaro 7 million, 5 million for Hoffer, Andrea Dossena 4 million and 1.5 million for Morgan De Sanctis. The most important supplies were: Daniele Mannini sold for 7 million and Matteo Contini sold for 2 million.
Tangible fixed assets are negligible, if one compares to total assets, representing only 0.63% of them. At June 30, 2010 totaled € 402,354, while at 30 June 2009 amounted to € 207,841. Are completely irrelevant to the financial assets amounted to € 103, unchanged from the previous year.
The current assets amounted to € 53.5 million and has doubled to 26.3 million of 30/06/2009. In particular there is a sharp increase in cash, which rose from 1.5 million to 14.3 million euro, coming to represent 12.16% of assets. Even the accounts receivable are increasing significantly, from 6.6 million to 19 million. These claims stem primarily from business relations with sponsors and licensees, which are granted extended payment terms, of course. There are also credits to the parent Filmauro Srl for € 44,241 € in 9345 for tax consolidation. Loans to the clubs amounted to 12.3 million, while in 2009 totaled 12.5 million. Among financial assets, the cost figure Mannino estimated 3.5 million €. Unicredit is the custodian of the substantial liquidity of SSC Napoli SpA
The total assets amounted to € 117,237,581 and an increase of 44.38% over the figure of € 81,199,725 marked June 30, 2009.
Shareholders' equity at June 30, 2010 is positive and amounts to € 25,107,223. The change from June 30, 2009 equals operating profit achieved. The positive net worth is one of the requirements of the financial fair play.
Provisions for risks and charges amounted to € 1,082,791 and the accumulated severance pay marks the figure of € 160,540.
debts amounted to € 90,887,027 and were up 64.43% compared to June 30 2009, when they marked the figure of € 55,273,427, a rise mainly due to the increase in debt to institutions of specific field, the clubs, which rose from € 32,774,719 to € 48,329,876. Amounts due to parent company Filmauro Ltd rose by 6.2 million, rising to 14 million, of which 7.3 to 6.6 for group tax and VAT grouping. In July 2010, have been paid to the parent 7.5 million, of which 5.7 to the consolidated debt IRES. The liability for payments, amounting to € 11,994,278 (108,846 in 2009), about the advances in the share proceeds TV 2010/2011, charged in advance. It should be noted that SSC Napoli SpA has made the allocation that located between the debts. Payables to employees amounted to approximately EUR 5 million. In the notes it is stated that "there were no outstanding debts and unpaid."
The value of production, ie, revenues increased by 2.44% from € 108,211,134 to € 110,849,458. This fact, since 2006, has always been an increase: think that June 30, 2006 amounted to only 12 million. The revenues from competitions record figure of 17,154,658,000, and in 2009 amounted to € 16,261,132. These revenues account for 15.48% of the value of production. The increase was 5.49% in 2009/10 compared with 2008/09 despite missing races Intertoto League and Europe. Income from sponsorship amount to € 20,907,162, as at 30/06/09 amounted to € 20,663,369, an increase of 1, 18%. These revenues account for 18.86% of the value of total production. The official sponsors have contributed € 8,750,000, 4,693,000 with the sponsor, the institutional sponsors with € 3,581,600, € 2,996,500 with business partners and suppliers with 886,062 officers.
Other advertising revenues are negligible and amount to € 156,300 (166,905 in 2009), a decrease of 6.35%.
commercial revenues and royalties amounted to 4,595,752, while in 2009 amounted to € 2,100,427. Within this entry licensing income from an increase of 2 million. The proceeds from the sale
television rights account for 43.52% of the total value of production amounted to 48.2 million, a decrease of 5.22% compared to 50.9 million in 2009, due to the loss of income from UEFA competitions. On May 24, 2006, SSC Napoli SpA had sold the exclusive to the company "CCGS Srl, controlled by Filmauro Srl 100% recovery of the rights to home games for the seasons from 2007/08 to 2011/12. This contract falls within the scope of "related party transactions", so in the notes, because required by the "Manual License UEFA", specifies that the transaction was in accordance with standard commercial market.
Other miscellaneous income amounted to 7,830,000, while in 2009 stood at 6,729,400, with a positive change of 16.36%. This revenue item about € 430,000 for radio revenues and earnings for the exploitation of image rights for 7.4 million euro.
revenues from "hiring players'" amounted to 1,165,000, were not present in 2009. Gains on disposal
players' rights amounted to € 6,618,356, a decrease of 34.12% compared to 10 million in 2009. The capital gain realized on the sale of Mannini amounted to € 4,938,356, while those built using Contini amounted to € 1,680,000.
revenues and income different amounts to 4,185,293 in 2009 amounted to 1,185,203. Of these proceeds, the sum of € 2,708,183 (528,747 in 2009) comes from the Football League, also depending on the final position in the league.
Personnel costs were up 25.19% from € 30,949,966 to € 38,746,752. On the positive side, it must be emphasized that the relationship between personnel costs and revenues are well below the limit set by the financial fair play, but even this relationship is on the rise, increasing from 28.60% in 2009 to 34.95% 2010 and must be added that in the last five years has grown steadily in terms of absolute value: for example, that 2006 has started with a value of 9.5 million euro. A contribution to the increase in personnel costs was given by contractual compensation to the coaches, who have passed the 2.4 million 2,009,000,000-4.2000000 2010.
Depreciation amounted to 44,182,479. Amortisation of players' rights to benefits amounted to € 40,357,779 and is an increase of 12,519,700 over 2009.
The other operating expenses decreased to 13.6 million from 15.6 million, partly due to the weakening of the voice credit losses, which in 2009 had recorded the amount of 2.6 million.
costs for the purchase of equipment and consumables increased by € 595 thousand to 1.4 million euro, and relate primarily to the purchase of technical material.
The cost for services has increased from 6.2 million to 7.1 million. The costs for leases and rentals have increased by 900 thousand euro, rising to 2.5 million euro.
Profit before taxes was positive for 3.3 million and a decrease of 15.4 million compared to 2009. Income taxes amounted to EUR 3 million (7.8 in 2009).
The net profit amounted to € 343,686 in net decrease in 2009 compared to net income, which amounted to € 10,934,520.
conclusion we reiterate that the Company Sportiva Calcio Napoli SpA has what it takes with regard to the financial fair play, but will face the challenge of maintaining the levels of the contracts with players very low, despite achieving good results in the field. Think about the possible renewal of a contract Cavani, a Hamsik Lavezzi or in the case of reaching the group stage of the Champions League. A discordant note in the budget of Naples compared to big European clubs is the irrelevance of the tangible item, not because of the lack of stage properties, as for not having a sports training center.
Published on: http://www.ju29ro.com/contro-informazione/2759-bilancio-ssc-napoli-spa-un-personale-da-invidiare.html
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