Operating segments

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").

Operating segments

 

 

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 *

*

Change in prior-year items. See also "Restatements in accordance with IAS 8" in the notes to the consolidated financial statements.

**

before profit or loss transfer

***

KGaA segment includes EUR 21,034 thousand (previous year: EUR 31,072 thousand) in assets held for sale.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 *

*

Change in prior-year items. See also "Restatements in accordance with IAS 8" in the notes to the consolidated financial statements.

**

before profit or loss transfer

***

KGaA segment includes EUR 21,034 thousand (previous year: EUR 31,072 thousand) in assets held for sale.

 

 

 

 

 

 

 

 

 

 

 

 

 

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 *

*

Change in prior-year items. See also "Restatements in accordance with IAS 8" in the notes to the consolidated financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

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 – 10% threshold

 

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

14th match day / 08.12.2018

FC Schalke 04 - BVB 1:2

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