The group that is part of the Everton football team is made up of three companies: Everton Football Club Company Limited, the parent holding company; Goodison Park Stadium Limited, a subsidiary 100%, which is responsible for the management of the pitch, Everton Investments Limited, a 100% subsidiary, which deals with the financial asset. highlighted in the logo of Everton's motto: "NIL SATIS NISI OPTIMUM", that "nothing is enough if not better, in addition to being beautiful is also very challenging for a team that is compared to a championship with clubs that have much higher budgets. But what is the best? Certainly not for the year to May 31, 2010 Everton, which requires recapitalization, presenting a negative net worth now since 31/05/2006, and a loss of 3.1 million pounds (€ 3.6 million whereas the exchange rate € 1 = £ 0.85). In addition, analysis of cash flows shows that cash generated from operations is insufficient to cover the cost of debt finance and the flow generated by investment, with a consequent increase in net debt. The sale of "high-quality parts is one of the tools used over the years by the directors of Everton.
Among the most important events for the year 2009/10, it is worth mentioning the new retail agreement with Kitbag, participation in thirty-seconds of the contest "UEFA Europa League and major investment in the squad of players.
Revenue for the year ended May 31, 2010 amounted to 79.1 million pounds (€ 93 million), while in the previous year stood at £ 79.7 million (€ 93.7 million) and decreased of 0.74%.
revenues races account for 24.29% and amounted to £ 19.2 million (€ 22.6 million), a decrease of 12.30%. Il dato dell'anno precedente include gli incassi relativi al raggiungimento della finale di Coppa d'Inghilterra. Per quanto riguarda la Premier League, il dato sulle presenze medie è aumentato a 36.729 spettatori da 35.667 del 2009.
I ricavi da Tv incidono per il 63,48% e ammontano a £ 50,2 milioni (€ 59 milioni), con un incremento del 3,21%. L'incremento dei ricavi relativi ai diritti TV è stato generato soprattutto dal raggiungimento dei trentaduesimi di UEFA Europa League, con l’eliminazione subita ad opera dello Sporting, mentre i ricavi da diritti TV nazionali si sono ridotti a causa dell’ottavo posto in Premier League (nel 2009: quinto posto finale) e a causa di un numero inferiore di dirette televisive transmitted.
revenues from sponsorship, advertising and merchandising account for 9.03% and go from 6.1000000 to 7.1000000 pounds (€ 8.4 million), an increase of 16.79%. On these revenues were affected by the new contract with Kitbag.
Revenues from catering account for the 1, 16% and amounted to 916 thousand pounds (€ 1.1 million), an increase of 4.57%.
Revenues from other businesses account for 2.04% and amounted to 1.6 million pounds (€ 1.9 million), a decrease of 24.59%. Operating expenses grew
86.4000000-96.7000000 pounds (€ 113.8 million), up 11, 97%.
Personnel costs passes 49.1000000-54.3000000 pounds (€ 63.9 million), with an increase of 10.68%. This cost accounts for 68.68% of sales, while in the previous year accounted for 61.59%. A value that is within the limits of financial fair play, but it is certainly too high. This increase stems primarily from additional investments made during the year, the team, which led to the rise of the wage bill that the increase in depreciation of the Rose players, from 13 to 17.1 million pounds ( € 20.2 million). Administrators point to the fact that the investments were made in the squad to remain competitive in Premier League and in the 'UEFA Europa League. " In any case, the cost of staff, according to them, is monitored. In addition, if the profits were also considered outsourcing the catering and retail operations, the ratio of staff costs and revenue would fall to approximately 64%.
EBITDA loss of 547 thousand pounds (€ 643 000), and in 2009 was positive at £ 6.3 million (€ 7.4 million).
The excess of capital gains realized on the sale of players is £ 19 million (€ 22.4 million), while in 2009 amounted to £ 3.8 million (€ 4.5 million). This positive result is mainly due to cessione di Joleon Lescott al Manchester City.
L’EBIT, il risultato al lordo di interessi e imposte, risulta positivo per 1,4 milioni di sterline (€ 1,6 milioni), mentre nel 2009 era negativo per £ 3 milioni (€ 3,5 milioni).
La gestione finanziaria è negativa per £ 4,5 milioni (€ 5,2 milioni), mentre nel 2009 era negativa per £ 4 milioni (€ 4,7 milioni).
La perdita dell’esercizio è pari a 3,1 milioni di sterline (€ 3,6 milioni), nel 2009 era esposta per £ 6,9 milioni (€ 8,1 milioni).
La somma algebrica degli ultimi tre risultati d’esercizio è negativa per 9.987 migliaia di sterline (€ 11,7 million) in line with the parameter of financial fair play, set for the period of transition.
the non-current passes 48.6000000-53.4000000 pounds (€ 62.8 million). Current assets decreased by 21.54%, going from 14.5000000 to 11.4000000 pounds (€ 13.4 million). Therefore, total assets amounted to 64.8 million pounds (€ 76.2 million) and is an increase of 2.64%.
Intangible assets recorded a net increase of 14.96% stood at 45.3 million pounds (€ 53.3 million). The investments amounted to £ 25.5 million. The budget does not attribute any value to some important players grew in the nursery as Jack Rodwell, Victor Anichebe, Leon Osman and Tony Hibbert. Intangible assets account for 69.89% of the assets.
Net tangible fixed assets amounted to £ 8.1 million (€ 9.5 million), while in 2009 were EUR 9.2 million (€ 10.8 million).
loans with less than year amounted to £ 8.6 million (€ 10.2 million) in 2009 amounted to £ 11.8 million (€ 13.8 million). Of this £ 6.4 million relate to trade receivables and £ 2.2 million assets and prepaid expenses.
Cash and cash equivalents amounted to £ 2,767,000 (€ 3.3 million) was unchanged compared to 2009.
Il Patrimonio netto è negativo per 29,7 milioni di sterline (€ 35 milioni), a causa del riporto a nuovo delle perdite. Per trovare il patrimonio netto esposto con un valore positivo bisogna risalire al 31/05/2005, anno caratterizzato dalla plusvalenza realizzata con la cessione di Rooney al Manchester United.
I debiti con durata inferiore all’esercizio ammontano a £ 52,1 milioni (€ 61,3 milioni) e registrano una lieve variazione in aumento dello 0,21% rispetto al 31/05/2009.
I debiti con durata oltre l’esercizio successivo risultano pari a £ 41,1 milioni (€ 48,4 milioni) ed evidenziano un incremento del 10,14% rispetto all’anno precedente.
Gli accantonamenti per risks are set for £ 1.3 million (€ 1.6 million), an increase of 863 thousand pounds.
financial debt increased to £ 47.6 million (2009: £ 40.7 million), this increase also reflects increased investment in the first team. 44% of the debt of £ 21.1 million (2009: € 22.1 million) has a maturity of over 5 years.
The net financial position was negative and amounted to £ 44.9 million (2009: £ 37.9 million).
Consequently, it was in the presence of net financial debt less than the turnover, as called for by the regulation of financial fair play.
The analysis of cash flows shows that Cash flow from operating activities was positive at £ 1.4m (2009: £ 9.7 million). However, this flow is no longer sufficient to cover excess expenditure of funds generated by the cost of debt for 4.5 million pounds of surplus cash outflows generated by investing activities (including expenditure on transfers of players ) for £ 3.8 million. To meet the demand for cash has recourse to the contraction of new loans.
Luca Marotta
0 comments:
Post a Comment