Juve, approved the quarterly financial statements: debts for 574 million euros, 110 more than in June | First page

0
1


Juventus announces the financial statements for the first quarter of the 2019/2020 football season, approved last September 30th by the president Andrea Agnelli and the Board of Directors.MAIN RESULTS AS OF SEPTEMBER 30, 2019

At 30 September 2019, total revenues amounted to € 170.4 million, showing an increase of € 27.3 million compared to the figure of € 143.1 million in the same period of the previous year. This increase derives mainly from higher income from the management of players' registration rights for € 21.7 million and higher operating revenues of € 5.6 million.

The first quarter of 2019/2020 closed with a loss of € 19.2 million, which shows a positive change of € 5.5 million compared to the loss of € 24.7 million in the same period of the previous year. This variation derives mainly from higher revenues of € 27.3 million, partially offset by higher costs for licensed personnel for € 9.3 million, higher charges from the management of players' registration rights for € 8 million, higher amortization and depreciation for € 4.6 million, higher net financial charges and share of the result of associates and joint ventures for € 1.1 million and other positive net changes of € 1.2 million.

Shareholders' equity, at September 30, 2019, amounted to € 12.1 million, a decrease compared to the balance of € 31.2 million at June 30, 2019, due to the loss for the period (€ -19.2 million) and other minor changes (€ +0.1 million). At September 30, 2019, net financial debt amounted to € 573.9 million and showed an increase of € 110.4 million compared to the balance of € 463.5 million of June 30, 2019, mainly determined by disbursements linked to Transfer Campaigns (€ -113.1 million net), investments in other fixed assets (€ -1.9 million net) and flows of financial assets (€ -18.8 million, net), partially offset by the positive cash flow from operations (€ +23.4 million).

At 30 September 2019, the Company had bank credit lines for € 584.4 million (of which € 180.6 million were revocable), used for a total of € 423.3 million, of which € 62 million for sureties issued in favor of third parties , € 123.8 million for loans, € 13.3 million for overdrafts and € 224.3 million for advances on contracts and trade receivables.



Source link
https://www.calciomercato.com/news/juve-approvato-il-bilancio-trimestrale-debiti-per-574-milioni-di-24875

Dmca

LEAVE A REPLY

Please enter your comment!
Please enter your name here

sixteen − 7 =