Page 53 - RFU Annual Report 2018

FINANCIAL STATEMENTS

PARENT PROFIT AND LOSS ACCOUNT 5
FOR THE YEAR TO 30 JUNE 2018
1

Notes Parent Parent
2018 2017
£m £m

Revenue
Ticket 29.9 37.9
Broadcasting 41.2 45.3
Sponsorship 29.3 29.4
Hospitality and catering 8.4 8.4
Merchandising and licensing 4.2 6.9
Other 19.2 37.0

Total revenue 4 132.2 164.9
Cost of sales (11.6) (14.9)

Gross profit 120.6 150.0
Overhead expenses (45.8) (44.1)

Profit before rugby investment 74.8 105.9

Rugby investment
Professional rugby investment (70.7) (63.7)
Rugby development investment (34.1) (34.5)

Total rugby investment (104.8) (98.2)

Operating (loss)/profit 5 (30.0) 7.7
Interest receivable and similar income 9 - 1.5
Interest payable and similar charges 10 (0.8) (0.7)
Impairment of fixed asset investments 15 (1.5) -

(Loss)/profit on ordinary activities before taxation (32.3) 8.5
Tax credit on ordinary activities 11 2.3 4.4

(Loss)/profit on ordinary activities after taxation (30.0) 12.9

All profit and loss items relate to continuing operations.

Annual
Report
2018