Income from the Administrative sector decreased from €4.2 million the previous year to €2.6 million as the association had received €1 million from the UEFA HatTrick Investment Programme and €0.5 million from the UEFA Grassroots Charter last year. Expenditure, on the other hand, was more or less the same – €1.6 million this year compared to €1.7 last year. The surplus of income over expenditure before depreciation was €977,345.
Income from the National Teams Sector increased considerably from €2.8 million last year to €4.2 million this year mainly due to a contribution of €1.4 million by UEFA for the organisation of the UEFA Under-17 Championship. Expenditure increased by around €0.7 million over the past year from €1.7 million to €2.4 million mainly due to increase of travelling and accomodation from €0.6 million to €1.1 million. The surplus of income over expenditure amounted to €1.8 million.
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Income from the Sports Facilities sector was practically the same while there was a slight reduction in expenditure for an excess of expenditure over income before depreciation of €205,219.
Throughout the past year, the surplus of income over expenditure before finance and other charges amounted to €1.77 million compared to €2.32 million the previous year, while the surplus of income over expenditure after finance charges amounted to €1.63 million compared to €2.5 million the previous year. However during the previous year, the association had registered a profit of €0.3 million on sale of immovable property.
However investment in member clubs’ facilities increased considerably with the association handing €2.8 million and finance costs amounting to €0.44 million although there was a government grant of €1.08 million. Therefore the net investment in clubs’ facilities was €2.2 million, compared to €1.24 the previous year. The excess of expenditure over income was therefore €0.58 million compared to an excess of income over expenditure of €1.26 in 2012/13. The adverse balance carried forward is €1.4 million.
BALANCE SHEET
Assets
Non-Current Assets €10,807,028
Current Assets €4,164,196
Total Assets €14,971,224Equity & Liabilities
Equity (€1,404,165)
Non-Current Liabilities €13,040,498
Current Liabilities €3,334,891
Total Equity & Liabilities €14,971,224
INCOME AND EXPENDITURE
ADMINISTRATION
Income €2,613,693 (including €368K from FIFA Financial Assistance Programme, €1.34 million from UEFA HatTrick Annual Solidarity, €130K from UEFA Referee Convention, €310K from UEFA and €219K from sponsorships)
Expenditure €1,636,348 (including €528K for salaries, €105K for ground rental assistance, €324K for referees fees for member clubs and member associations and €163 for referees convention expenses)Surplus of income over expenditure before depreciation €997,345
Depreciation €175,747
Surplus of income over expenditure €801,598SPORTS FACILITIES
Income €589,055 (including €385K from complex income)
Expenditure €794,274 (including €341K for wages and €265K for maintenance)Excess of expenditure over income before depreciation €205,219
Depreciation €638,178
Excess of expenditure over income €843,397NATIONAL TEAMS, YOUTH AND GRASSROOTS DEVELOPMENT
Income €4,242,349 (including €2.7 million from international matches, €1.4 from UEFA for Under-17 Championship and €135K from sponsorships)
Expenditure €2,428,427 (including €160K for bonuses and apprearance money, €1.15 million for travelling and accomodation of national teams, €0.743 million for technical staff)Surplus of income over expenditure €1,813,922