Page 66 - RFU Annual Report 2018

6 FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS CONTINUED
4

4. Revenue

Revenue is attributable to the activities as Group Group Parent Parent
a governing body of rugby in England. 2018 2017 2018 2017
£m £m £m £m

Rendering of services 163.2 177.3 127.9 159.7
Grants 5.3 3.9 1.8 1.8
Sale of goods 2.3 3.4 0.7 2.9
Rental income 0.2 0.2 0.2 0.2
Royalties 1.4 0.1 1.6 0.3

172.4 184.9 132.2 164.9

5. Operating (loss)/profit Group Group Parent Parent
2018 2017 2018 2017
£m £m £m £m
Operating (loss)/profit is stated after charging:
Board and Council - RFU administration costs 0.5 0.6 0.5 0.6
- match related expenses 0.8 0.9 0.8 0.9
Depreciation of tangible fixed assets 16.1 15.3 14.7 14.2
Amortisation of intangible fixed assets 0.6 0.3 0.5 0.3
Loss on disposal of tangible fixed assets 0.3 0.2 - 0.2
Loss on disposal of intangible fixed assets - 0.3 - 0.3
Loss on impairment of tangible fixed assets 0.2 - - -
Loss on disposal of investment properties 0.2 - 0.2 -
Operating lease rentals 0.8 1.2 0.3 0.5
Auditor’s remuneration – audit services 0.1 0.1 0.1 0.1

2018 2017
6. Board Directors’ remuneration £m £m

Emoluments and benefits in kind 1.3 1.4

1.3 1.4

The highest paid Director received remuneration of £0.4m (2017: £0.5m) during the year. The value of the Group’s
contributions paid to a defined contribution pension scheme in respect of the highest paid Director amounted to £nil (2017:
£nil). There are two Directors (2017: one) to whom retirement benefits are accruing under the defined contribution pension
scheme.

No Directors’ bonuses were awarded for the year ended 30 June 2018.

The Remuneration Committee report provides greater detail on Directors’ pay and can be found on pages 42 and 43.

The above figures are shown on an accruals basis. The figures published in the 2016/17 Annual Report were on a cash basis.

Annual
Report
2018