Page 84 - RFU Annual Report 2018

8 FINANCIAL STATEMENTS

FOUR-YEAR SUMMARY
2

2018 2017 2016 2015
Summary of Group Profit and Loss £m £m £m £m

Revenue 172.4 184.9 407.1 207.9
Costs (89.1) (91.3) (304.8) (133.0)
Profit before rugby investment 83.3 93.6 102.3 74.9

Professional rugby investment (70.7) (63.7) (55.7) (44.3)
Rugby development investment (37.0) (35.9) (34.1) (32.5)

Operating (loss)/profit (24.4) (6.0) 12.5 (1.9)

Net finance (cost)/income (3.4) 0.5 (0.8) 0.8

(Loss)/profit on ordinary activities before taxation (27.8) (5.5) 11.7 (1.1)
Tax credit/(charge) on ordinary activities - 1.5 (3.0) (0.9)
Attributable to non-controlling interests (3.1) (3.7) (4.8) (4.7)

(Loss)/profit for the year (30.9) (7.7) 3.9 (6.7)

2018 2017 2016 2015
Summary of Group Balance Sheet £m £m £m £m

Fixed assets 301.6 263.8 257.0 257.3
Other net current (liabilities)/assets (8.2) 16.6 (12.8) (123.3)
Net debt (bank loan less cash) (20.0) (10.2) (17.1) (36.5)
Creditors amounts falling due after one year (81.5) (52.0) (28.9) (12.6)
Pension asset/(liability) 2.5 (3 .0) (5.1) (3.5)
Profit and loss reserve 25.1 18.5 40.6 29.7

Annual
Report
2018