The association’s income for 2011/12 amounted to €5,803,975 (€4,376,603 in 2010/11) while the association’s expenditure amounted to €4,525,383 (€3,524,170 in 2010/11). This emerged from the Audited Accounts and Balance Sheet of the Association (Financial Report) for the year 2011/12 which was approved during the AGM of the Malta Football Association on Saturday.
Therefore the surplus of income over expenditure before finance and other charges was €1,278,592 (€852,433 in 2010/11). The surplus of income over expenditure after finance charges was €1,185,540 (€712,404 in 2010/11).
The net investment in member clubs’ infrastractural facilities amounted to €5,607,278 (including a capital contribution of €6,001,708 during the year, finance costs amounting to €437,246 but on the plus side was a government grant of €831,676).
Therefore the excess of expenditure over income was €4,421,738. Accumulated fund brought foward from last year was €2,334,791 leaving an adverse balance of €2,086,947.
Non Current Assets €13,196,568
Current Assets €2,725,638
TOTAL ASSETS €15,922,206
Equity and Liabilities
Non-Current Liabilities €15,548,268
Current Liabilities €2,460,885
TOTAL EQUITY AND LIABILITIES €15,922,206
The accounts in more detail:
Malta Football Association – Administration
Once again the main income for the association arrived through FIFA and UEFA. The MFA received €177,141 from the FIFA Financial Assistance Programme; €1,230,000 from the UEFA HatTrick Annual Solidarity; €2,000,000 from the UEFA HatTrick Investment Programme; €83,264 from the UEFA Referee Convention and €292,526 other income from UEFA. The association obtained €80,127 from sponsors. Other substantial sources of income included €37,589 in administration fee, €23,106 in disciplinary fines – club fines and damages, €42,697 in other fines and €36,182 in affiliation and other fees. Total income amounted to €4,064,344 (€2,614,618 in 2010/11).
The main expenses for the association was salaries which amounted to €476,162; referees’ fees for matches involving member clubs and member associations €224,111; ground rental assistance €106,588; MFA officials allowances €88,200; referees’ traing allowances, seminars and other expenses €47,499; awards, ceremonies and refreshments €45,942; printing and stationery €44,216; among others. Total expenditure amounted to €1,323,296 (€1,042,984 in 2010/11).
Surplus of income over expenditure before depreciation €2,741,048 (€1,571,634 in 2010/11).
Excess of income over expenditure €2,471,049 (€1,456,106 in 2010/11).
Malta Football Association – Sports Facilities
The income from the complex at Ta’ Qali amounted to €356,293. Total income amounted to €520,125 (€503,536 in 2010/11).
The main expenses in this sector were wages and personnel expenses amounting to €286,819 and facilities maintanance amounting to €246,494. Total expenditure amounted to €689,835 (€542,991 in 2010/11).
Surplus of expenditure over income before depreciation €169,710 (€39,455 in 2010/11).
Excess of expenditure over income €780,597 (€591,093 in 2010/11).
Malta Football Association – National Teams, Youth and Grassroots Development
The income from international matches amounted to €1,121,939 and that from sponsorships €97,567. Total income amounted to €1,219,506 (€1,258,449 in 2010/11).
The main expenses were bonuses and appearance money amounting to €114,450; travel and accomodation for the national teams €607,223; technical staff €532,275, termination of contract of services €112,000; insurance and medical €93,722. Total expenditure amounted to €1,631,366 (€1,271,029 in 2010/11).
Surplus of expenditure over income €411,860 (€12,580 in 2010/11).