Page 55 - RFU Annual Report 2015/2016

Financial Statements
53

4. Revenue

Revenue is attributable to the activities as a governing body of rugby in England.
2016 2015
£m £m

Rendering of services 398.0 197.6
Grants 5.2 5.1
Sale of goods 3.0 3.9
Rental income 0.8 1.0
Royalties 0.1 0.3

407.1 207.9

Restated
2016 2015
5. Operating profit/(loss) £m £m

Operating profit/(loss) is stated after charging:
Board and Council - RFU administration costs 0.8 0.7
- match related expenditure 0.8 0.9
Depreciation of tangible fixed assets 15.2 15.2
Amortisation of intangible fixed assets 0.5 0.5
Loss on disposal of tangible fixed assets 0.2 0.1
Loss on disposal of intangible fixed assets 0.2 -
Operating lease rentals 1.4 1.8
Auditor’s remuneration – audit services 0.2 0.1

2016 2015
6. Board Directors’ remuneration £m £m

Emoluments and benefits in kind 1.9 1.6
Pension payments 0.1 0.1

2.0 1.7

The highest paid Director received remuneration of £0.7m (2015: £0.6m) 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 (2015: £nil).
There are no directors (2015: 2) to whom retirement benefits are accruing under the defined contribution pension scheme.

Restated
7. Staff costs 2016 2015
£m £m
Staff costs for the Group during the year
Wages and salaries 44.8 39.2
Social security costs 4.5 4.1
Defined benefit pension costs 0.4 0.4
Defined contribution pension costs 1.6 1.7

51.3 45.4

Annual Report 2015/16