MFA Honorary Treasurer Ivan Mizzi explained that the association’s income over the past ten months increased to €6.127,178 from €15,715,241 last year and expenditure went down from €4,918,320 to €4,340,064. This was due to a decrease in direct operating and administrative costs.
Therefore the surplus of income over expenditure before finance and other charges amounted to €1,787,114. Less the finance costs, this was equal to €1,689,869.
Administration
Income generated amounted to €3,622,373 – compared to €2,994,333 at the end of the previous year. This was due mainly to the funds received from the UEFA HatTrick Investment Programme which amounted to €950,000. Other remarkable figures was the €442K from the FIFA Assistance Programme, €1.43M from the UEFA HatTrick Annual Solidarity, €344K in other income from UEFA, €115K fromthe UEFA Referee Convention and €102K from sponsorships.
Expenditure amounted to €1,208,615 – compared to €1,281,674 at the end of the previous year. The biggest expense is salaries €517K, followed by referees’ convention expenses €109K, awards, ceremonies and refreshments €85K, general expenses €65, provision for doubtful debts €64K, water and electricity €53K and MFA Officials’ allowances €50K, among others.
Surplus of income over expenditure (after depreciation) €2,183,023 – compared to €1,465,757 at the end of the previous year.
Facilities
Income generated amounted to €664,231 – compared to €647,318 at the end of the previous year. The biggest source of income was the complex income €438K, course fees €90K and bar concessions €67K.
Expenditure amounted to €865,760 – compared to €878,684 at the end of the previous year. The biggest expenses were wages and personnel expenses €430K and maintenance €232K.
The excess of expenditure over income (after depreciation) was €681,299 – compared to €862,885 at the end of the previous year.
National Teams, Youth and Grassroots Development
Income generated amounted to €1,840,574 – compared to €1,900,166 at the end of the previous year. The sources were the international matches €1.74M and €100 in sponsorships.
Expenditure amounted to €1,555,184 – compared to €1,879,541 at the end of the previous year. The biggest expenses were travelling and accommodation for the national teams which amounted to €644K, technical staff €597K, bonuses and appearance money €133K.
Surplus of income over expenditure €285,390 – compared to €194,049 at the end of the previous year.
Domestic Competitions
Income generated amounted to €52,533 – compared to €57,112 at the end of the previous year. The sources of income were fines for clubs and damages €18K and other disciplinary fines €33K.
Expenditure amounted to €588,818 – compared to €67,015 at the end of the previous year. The biggest expenses were ground rental assistance €172K, referees fees €291K, match expenses €45K and assistance in league/cups €43K.
The excess of expenditure over income was €536,285 – compared to €549,903 at the end of the previous year.
With regards to Football Social Responsibility, several donations were presented to various organisations including Istrina €12K, Captains of Change €3.55K, Puttinu Cares €3K, Millennium Chapel €1.5K, Alive €100, Dar Tal-Provvidenza €500 and individuals €6,340.
Balance carried forward is €51,768.