Financial results

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 euros20152014
 AmountAmount
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 euros20152014
 AmountAmount
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