Page 42 - RFU Annual Report 2015/2016

Financial Statements
40

Group Profit and Loss Account
for the year to 30 June 2016
Restated
Notes 2016 2015
£m £m

Revenue
Ticket 20.3 34.7
Broadcasting 44.0 31.6
Sponsorship 29.3 27.2
Hospitality and catering 44.6 43.2
Merchandising and licensing 5.5 5.8
Travel 5.7 0.6
Hotel 6.3 6.2
Health and leisure 4.1 4.1
Rugby World Cup 2015 228.1 36.6
Other 19.2 17.9

Total revenue 4 407.1 207.9

Cost of sales (238.3) (72.4)

Gross profit 168.8 135.5
Overhead expenses (66.5) (58.6)
Exceptional item 30 - (2.0)

Profit for rugby investment 102.3 74.9
Rugby investment
Professional rugby investment (55.7) (44.3)
Rugby development investment (34.1) (32.5)
Total rugby investment (89.8) (76.8)

Operating profit/(loss) 5 12.5 (1.9)
Interest receivable and similar income 9 0.8 0.9
Interest payable and similar charges 10 (1.4) (0.2)
(Loss)/gain on fair value of fixed asset investments 15 (0.2) 0.1

Profit/(loss) on ordinary activities before taxation 11.7 (1.1)
Corporation tax charge on ordinary activities 11 (3.0) (0.9)

Profit/(loss) on ordinary activities after taxation 8.7 (2.0)
Profit attributable to non-controlling interests (4.8) (4.7)

Profit/(loss) for the year 3.9 (6.7)

All profit and loss items relate to continuing operations.

Annual Report 2015/16