Page 52 - RFU Annual Report 2018

5 FINANCIAL STATEMENTS

GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR TO 30 JUNE 2018
0

Notes Group Group
2018 2017
£m £m

Revenue
Ticket 29.9 37.9
Broadcasting 41.2 45.3
Sponsorship 29.3 29.4
Hospitality and catering 41.2 40.5
Merchandising and licensing 4.5 7.0
Travel 0.8 0.7
Hotel 6.2 6.2
Health and leisure 3.7 3.7
Other 15.6 14.2
Total revenue 4 172.4 184.9
Cost of sales (29.8) (30.9)

Gross profit 142.6 154.0
Overhead expenses (59.3) (60.4)

Profit before rugby investment 83.3 93.6
Rugby investment
Professional rugby investment (70.7) (63.7)
Rugby development investment (37.0) (35.9)
Total rugby investment (107.7) (99.6)

Operating loss 5 (24.4) (6.0)
Interest receivable and similar income 9 - 1.5
Interest payable and similar charges 10 (2.2) (1.6)
(Loss)/gain on fair value and impairment of fixed asset investments 15 (1.2) 0.6

Loss on ordinary activities before taxation (27.8) (5.5)
Tax credit on ordinary activities 11 - 1.5

Loss on ordinary activities after taxation (27.8) (4.0)
Profit attributable to non-controlling interests (3.1) (3.7)

Loss for the year (30.9) (7.7)

All profit and loss items relate to continuing operations.

Annual
Report
2018