Borussia Dortmund has four reportable segments, which are responsible for the main activities of the overall Group. The first segment consists of Borussia Dortmund GmbH & Co. KGaA, which operates a football club including a professional football squad and leverages the associated revenue potential arising from transfer deals, catering, TV marketing, advertising and match operations. The second segment consists of the separate merchandising business, which is carried out by BVB Merchandising GmbH, a legally independent entity.
The wholly owned Group subsidiaries BVB Event & Catering GmbH and besttravel dortmund GmbH are also classified as reportable segments.
BVB Event & Catering GmbH is responsible for conducting stadium tours, providing and arranging for event staffing services and planning, organising, catering, steering and conducting events of all types in its own name and on behalf of third parties.
besttravel dortmund GmbH is responsible for arranging travel by air, rail and ship, as well as package tours offered to private customers by travel agents. It also organises and conducts events such as sports travel, conferences and incentive trips, and arranges hotel and car hire bookings.
Internal reporting is based on the accounting provisions of the German Commercial Code (Handelsgesetzbuch, "HGB").
|
Borussia Dortmund KGaA |
BVB Merchandising GmbH |
BVB Event & Catering GmbH |
besttravel Dortmund GmbH |
Total |
|||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUR '000 |
2018/2019 |
2017/2018 * |
2018/2019 |
2017/2018 |
2018/2019 |
2017/2018 |
2018/2019 |
2017/2018 |
2018/2019 |
2017/2018 * |
||||||||||||||||
|
||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Total revenue |
446,030 |
494,972 |
31,156 |
30,469 |
19,864 |
16,252 |
1,727 |
1,785 |
498,777 |
543,478 |
||||||||||||||||
of which match operations |
44,659 |
42,322 |
0 |
0 |
0 |
0 |
0 |
0 |
44,659 |
42,322 |
||||||||||||||||
of which advertising |
96,846 |
93,994 |
0 |
0 |
0 |
0 |
0 |
0 |
96,846 |
93,994 |
||||||||||||||||
of which TV marketing |
167,349 |
122,293 |
0 |
0 |
0 |
0 |
0 |
0 |
167,349 |
122,293 |
||||||||||||||||
of which transfer deals |
120,204 |
222,733 |
0 |
0 |
0 |
0 |
0 |
0 |
120,204 |
222,733 |
||||||||||||||||
of which merchandising |
0 |
0 |
31,156 |
30,469 |
0 |
0 |
0 |
0 |
31,156 |
30,469 |
||||||||||||||||
of which conference, catering, miscellaneous |
16,972 |
13,630 |
0 |
0 |
19,864 |
16,252 |
1,727 |
1,785 |
38,563 |
31,667 |
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Total revenue |
446,030 |
494,972 |
31,156 |
30,469 |
19,864 |
16,252 |
1,727 |
1,785 |
498,777 |
543,478 |
||||||||||||||||
of which external |
444,603 |
493,550 |
29,989 |
29,499 |
13,768 |
10,902 |
1,163 |
1,204 |
489,523 |
535,155 |
||||||||||||||||
of which internal |
1,427 |
1,422 |
1,167 |
970 |
6,096 |
5,350 |
564 |
581 |
9,254 |
8,323 |
||||||||||||||||
Financial result |
3,303 |
-690 |
0 |
1 |
0 |
0 |
-4 |
-4 |
3,299 |
-693 |
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Share of profit from equity investments |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||||||||||
of which profit and loss transfer |
5,016 |
3,283 |
0 |
0 |
0 |
0 |
0 |
0 |
5,016 |
3,283 |
||||||||||||||||
Net interest income/expense |
-1,713 |
-3,973 |
0 |
1 |
0 |
0 |
-4 |
-4 |
-1,717 |
-3,976 |
||||||||||||||||
of which interest expense |
-2,716 |
-4,524 |
0 |
0 |
0 |
0 |
-4 |
-4 |
-2,720 |
-4,528 |
||||||||||||||||
of which interest income |
1,003 |
551 |
0 |
1 |
0 |
0 |
0 |
0 |
1,003 |
552 |
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Depreciation, amortisation and write-downs |
-90,637 |
-88,425 |
-1,767 |
-1,753 |
-34 |
-30 |
-14 |
0 |
-92,452 |
-90,208 |
||||||||||||||||
Segment profit before taxes ** |
22,330 |
26,053 |
1,241 |
288 |
2,758 |
1,761 |
948 |
1,044 |
27,277 |
29,146 |
||||||||||||||||
Capital expenditure |
139,035 |
138,539 |
243 |
266 |
7 |
56 |
118 |
1 |
139,403 |
138,862 |
||||||||||||||||
Segment assets *** |
513,706 |
496,453 |
14,562 |
17,181 |
4,811 |
3,984 |
1,117 |
2,403 |
534,196 |
520,021 |
||||||||||||||||
Segment liabilities |
124,188 |
127,260 |
3,681 |
6,300 |
4,786 |
3,959 |
973 |
2,259 |
133,628 |
139,778 |
||||||||||||||||
Investments accounted for using the equity method |
96 |
96 |
0 |
0 |
0 |
0 |
0 |
0 |
96 |
96 |
||||||||||||||||
Income from investments in associates |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||||||||||
The table below provides a reconciliation of the revenue, profit or loss before taxes, assets, liabilities and other key items for each segment.
|
Total |
Other adjustments |
Consolidated financial statements |
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUR '000 |
2018/2019 |
2017/2018 * |
2018/2019 |
2017/2018 * |
2018/2019 |
2017/2018 * |
||||||||||||
|
||||||||||||||||||
|
|
|
|
|
|
|
||||||||||||
Total revenue |
498,777 |
543,478 |
-9,253 |
-7,435 |
489,524 |
536,043 |
||||||||||||
of which match operations |
44,659 |
42,322 |
0 |
0 |
44,659 |
42,322 |
||||||||||||
of which advertising |
96,846 |
93,994 |
-33 |
-32 |
96,813 |
93,962 |
||||||||||||
of which TV marketing |
167,349 |
122,293 |
0 |
0 |
167,349 |
122,293 |
||||||||||||
of which transfer deals |
120,204 |
222,733 |
0 |
0 |
120,204 |
222,733 |
||||||||||||
of which merchandising |
31,156 |
30,469 |
-1,167 |
-970 |
29,989 |
29,499 |
||||||||||||
of which conference, catering, miscellaneous |
38,563 |
31,667 |
-8,053 |
-6,433 |
30,510 |
25,234 |
||||||||||||
|
|
|
|
|
|
|
||||||||||||
Total revenue |
498,777 |
543,478 |
-9,253 |
-7,435 |
489,524 |
536,043 |
||||||||||||
of which external |
489,523 |
535,155 |
1 |
888 |
489,524 |
536,043 |
||||||||||||
of which internal |
9,254 |
8,323 |
-9,254 |
-8,323 |
0 |
0 |
||||||||||||
Financial result |
3,299 |
-693 |
-4,991 |
-3,630 |
-1,692 |
-4,323 |
||||||||||||
|
|
|
|
|
|
|
||||||||||||
Share of profit from equity investments |
0 |
0 |
13 |
13 |
13 |
13 |
||||||||||||
of which profit and loss transfer |
5,016 |
3,283 |
-5,016 |
-3,283 |
0 |
0 |
||||||||||||
Net interest income/expense |
-1,717 |
-3,976 |
12 |
-360 |
-1,705 |
-4,336 |
||||||||||||
of which interest expense |
-2,720 |
-4,528 |
588 |
-360 |
-2,132 |
-4,888 |
||||||||||||
of which interest income |
1,003 |
552 |
-576 |
0 |
427 |
552 |
||||||||||||
|
|
|
|
|
|
|
||||||||||||
Depreciation, amortisation and write-downs |
-92,452 |
-90,208 |
-30 |
-8,124 |
-92,482 |
-98,332 |
||||||||||||
Segment profit before taxes ** |
27,277 |
29,146 |
-5,468 |
5,505 |
21,809 |
34,651 |
||||||||||||
Capital expenditure |
139,403 |
138,862 |
504 |
4,178 |
139,907 |
143,040 |
||||||||||||
Segment assets *** |
534,196 |
520,021 |
-34,125 |
-34,409 |
500,071 |
485,612 |
||||||||||||
Segment liabilities |
133,628 |
139,778 |
11,524 |
2,249 |
145,152 |
142,027 |
||||||||||||
Investments accounted for using the equity method |
96 |
96 |
226 |
213 |
322 |
309 |
||||||||||||
Income from investments in associates |
0 |
0 |
13 |
13 |
13 |
13 |
||||||||||||
The interest expense was adjusted as a result of the recognition of lease agreements as finance leases. The table below provides a detailed reconciliation of segment profit or loss before taxes, segment assets and segment liabilities:
|
Segment profit or loss before taxes |
Segment assets |
Segment liabilities |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUR '000 |
2018/2019 |
2017/2018 * |
2018/2019 |
2017/2018 * |
2018/2019 |
2017/2018 * |
||||||||
|
||||||||||||||
|
|
|
|
|
|
|
||||||||
Segments total |
27,277 |
29,146 |
534,196 |
520,021 |
133,628 |
139,778 |
||||||||
Profit from other companies |
114 |
219 |
0 |
0 |
44 |
0 |
||||||||
Other IFRS adjustments |
-7,469 |
2,386 |
-3,098 |
0 |
2,679 |
0 |
||||||||
IAS 8 adjustments |
0 |
2,900 |
0 |
7,281 |
0 |
0 |
||||||||
IFRS 16 adjustments |
417 |
0 |
9,258 |
0 |
11,508 |
0 |
||||||||
IFRS 9 adjustments |
604 |
0 |
7 |
0 |
0 |
0 |
||||||||
IFRS 15 adjustments |
21 |
0 |
21 |
0 |
37 |
0 |
||||||||
Consolidation of long-term financial assets |
0 |
0 |
-11,596 |
-13,606 |
0 |
0 |
||||||||
Stadium buildings plus other assets |
845 |
0 |
-28,717 |
-28,084 |
0 |
0 |
||||||||
Other consolidation |
0 |
0 |
0 |
0 |
-2,744 |
2,249 |
||||||||
|
21,809 |
34,651 |
500,071 |
485,612 |
145,152 |
142,027 |
||||||||
The Borussia Dortmund GmbH & Co. KGaA segment exceeded the 10% threshold stipulated in IFRS 8.34 for three customers by a total of EUR 232,212 thousand (previous year: 3 customers, EUR 265,065 thousand). The allocation of revenue items is presented in the table below:
|
Borussia Dortmund KGaA |
BVB Merchandising GmbH |
BVB Event & Catering GmbH |
besttravel Dortmund GmbH |
Total |
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUR '000 |
2018/2019 |
2017/2018 |
2018/2019 |
2017/2018 |
2018/2019 |
2017/2018 |
2018/2019 |
2017/2018 |
2018/2019 |
2017/2018 |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Total revenue – |
232,212 |
265,065 |
0 |
0 |
0 |
0 |
0 |
0 |
232,212 |
265,065 |
||||||||||
of which match operations |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||||
of which advertising |
50 |
50 |
0 |
0 |
0 |
0 |
0 |
0 |
50 |
50 |
||||||||||
of which TV marketing |
166,220 |
90,558 |
0 |
0 |
0 |
0 |
0 |
0 |
166,220 |
90,558 |
||||||||||
of which transfer deals |
64,077 |
173,189 |
0 |
0 |
0 |
0 |
0 |
0 |
64,077 |
173,189 |
||||||||||
of which merchandising |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||||
of which conference, catering, miscellaneous |
1,865 |
1,268 |
0 |
0 |
0 |
0 |
0 |
0 |
1,865 |
1,268 |
||||||||||