The AC Milan Group’s consolidated financial statement as at 31 December 2015 indicates a consolidated production value of 221 million euros and a loss of 89.3 million euros (compared to a loss of 91.3 million euros in the 2014 tax year). The statement is reflective of the lack of participation in European competition, as is the case in the current season.
The following table contains details of the economic value generated and distributed by the group in 2014 and 2015.
Economic value generated and distributed by the Group
Figures in thousands of euros | 2015 | 2014 |
---|---|---|
Amount | Amount | |
Economic value generated by the Group | 218,050 | 218,259 |
Revenues from sales and services | 16,681 | 25,629 |
Change in inventory of work in progress, finished and semi-finished products | 54 | 296 |
Increase in assets from internal work and capitalisation of costs | 7,642 | 7,810 |
Other revenues and income | 196,658 | 199,839 |
Financial income | 13 | 5,899 |
Value adjustments on financial activities | -3,025 | -187 |
Extraordinary income | 33 | 2 |
Extraordinary expenses | 6 | 21,029 |
Economic value distributed by the Group | 248,266 | 255,613 |
Reclassified production costs | 81,321 | 84,063 |
Raw materials, supplies, consumables and merchandise | 4,376 | 5,002 |
Services | 40,297 | 43,048 |
Use of third-party assets | 10,771 | 12,401 |
Provisions for liabilities | 11,069 | 7,500 |
Other operating expenses | 14,808 | 16,112 |
Staff remuneration | 163,868 | 154,655 |
Staff costs | 163,868 | 154,655 |
Payment to lenders | 8,216 | 10,159 |
Financing costs | 8,216 | 10,159 |
Payments to public administration | -5,139 | 6,736 |
Income tax | 5,139 | 6,736 |
Economic value retained by the Group | -30,216 | -37,354 |
Amortisation and depreciation | 59,085 | 53,931 |
Economic outturn | -89,301 | -91,285 |
Figures in thousands of euros | 2015 | 2014 |
---|---|---|
Amount | Amount | |
Economic value retained by the Group | -30,216 | -37,354 |
Economic value distributed by the Group | 248,266 | 255,613 |
Reclassified production costs | 81,321 | 84,063 |
Staff remuneration | 163,868 | 154,655 |
Payment to lenders | 8,216 | 10,159 |
Payments to public administration | 5,139 | 6,736 |