Club news

THE FINANCIAL REPORTS 2013 (I)

22 Nov 2013
Deportivo presented on Thursday the financial reports that correspond to the present season. In this chapter the analysis of the balance sheet. The debt reported by the club is now €170.5 million; ten million more compared to the administrators’ report.

The financial reports were presented on Thursday; just one day after the club made the calling for the shareholders meeting that will take place at the end of December. The current situation of Deportivo, with the club in administration, has accelerated the things because, in the middle of both acts, judge Rafael García warned the board of directors that they should present the documents before Tuesday if they didn’t want to be suspended.

The documentation to be presented included the audit, which still pending as the auditor selected by the judge hasn’t ended its report yet. In any case the club presented the proofs that they already gave all the needed information on order to complete the report.

Back to the balance sheet, there are no major changes compared to the report of last season. The main thing is that the club is now listing a global debt of €170,490,356.7. Ten million more compared to the €160,079.603.25 listed by the Bankruptcy Administration (BA) on his final report presented one month ago; both calculations still pending to resolve the trials against the Spanish Treasure, plus discounting the €25 million that remain frozen in several bank accounts of the club.

Evolution of the debt at Deportivo (according to the financial reports):

Year

Amount

2003

€178,15 million

2004

€162 million

2005

€130 million

2006

€146.2 million

2007

€150 million

2008

€159.81 million

2009

€122 million

2010

€103 million

2011

€99.7 million

2012

€98.7 million

2013

€170.5 million

As always happens at Deportivo, there are some curiosities in the assets including in the club’s accounting, starting with the fact that the club is including the spot at Primera División, one more time valued in €18.8 million. An abnormal thing taking in mind the club competed the half of the season at Liga Adelante. Also, the club calculated the value of the players in €26,854,633.86. Meanwhile, the clients owe €30.11 million to Deportivo, the club didn’t list the names of these clients.

The income statement for the season 2012/13 reports sales for €30,492.213.64, which is the double of the sales reported on the previous period. The main reason that explains the increase is that Depor played at Primera División, which meant a big increase in the TV Incomes (from almost €4 million to €18 million), plus the transfer of Bruno Gama, which brought €2.2 million to the Galician club.

For this reasons the earnings were almost six times bigger compared to the ones had on last season. The earnings of the campaign 2012/13 were € 38,699.15.

 Evolution of the earnings in recent seasons:

Season

Amount

2006/07

€ 42,540.18

2007/08

€ 75,001.21

2008/09

€ 61,748.00

2009/10

€ 30,331.43

2010/11

€ 9,780.26

2011/12

€ 5,610.77

2012/2013

€ 38,699.15

ARCHIVE NEWS NOV/13

ZAPPING

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