Page 78 - RFU Annual Report 2017

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Financial Statements

Three-year Summary

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

Revenue 184.9 407.1 207.9
Costs (91.3) (304.8) (133.0)

Profit for Rugby Investment 93.6 102.3 74.9

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

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

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

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

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

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

Fixed assets 263.8 257.0 257.3
Cash 24.5 27.2 71.2
Other net current assets/(liabilities) 16.6 (12.8) (123.3)
Long term liabilities (86.7) (73.2) (47.3)
Pension liability (3.0) (5.1) (3.5)

Annual Report 2017