Page 48 - RFU Annual Report 2017

46
Financial Statements

Group Profit and Loss Account
for the year to 30 June 2017

Notes 2017 2016
£m £m

Revenue
Ticket 37.9 20.3
Broadcasting 45.3 44.0
Sponsorship 29.4 29.3
Hospitality and catering 40.5 44.6
Merchandising and licensing 7.0 5.5
Travel 0.7 5.7
Hotel 6.2 6.3
Health and leisure 3.7 4.1
Rugby World Cup 2015 - 228.1
Other 14.2 19.2

Total revenue 4 184.9 407.1

Cost of sales (30.9) (238.3)

Gross profit 154.0 168.8
Overhead expenses (60.4) (66.5)

Profit for rugby investment 93.6 102.3

Rugby investment
Professional rugby investment (63.7) (55.7)
Rugby development investment (35.9) (34.1)

Total rugby investment (99.6) (89.8)

Operating (loss)/profit 5 (6.0) 12.5
Interest receivable and similar income 9 1.5 0.8
Interest payable and similar charges 10 (1.6) (1.4)
Gain /(loss) on fair value of fixed asset investments 15 0.6 (0.2)

(Loss)/profit on ordinary activities before taxation (5.5) 11.7
Tax credit/(charge) on ordinary activities 11 1.5 (3.0)

(Loss)/profit on ordinary activities after taxation (4.0) 8.7
Profit attributable to non-controlling interests (3.7) (4.8)

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

All profit and loss items relate to continuing operations.

Annual Report 2017