Development and performance of the business

As at 30 June 2020, total assets amounted to EUR 517,967 thousand, representing an increase of EUR 17,896 thousand as compared to 30 June 2019.

Non-current assets increased by EUR 69,740 thousand to EUR 441,455 thousand as follows:

The rise in intangible assets is due primarily to additions amounting to EUR 226,793 thousand (of which EUR 226,336 thousand in player registrations), which were partly offset by disposals and reclassifications of non-current intangible to assets held for sale of EUR 72,551 thousand as well as amortisation and write-downs of EUR 88,285 thousand.

Property, plant and equipment increased by EUR 23,149 thousand. The additions were offset by EUR 171 thousand in disposals and EUR 13,942 thousand in depreciation. The additions were attributable mainly to the investments to expand the training ground, in the stadium and in the administration building.

Non-current trade and other financial receivables increased from EUR 9,743 thousand to EUR 12,680 thousand due primarily to transfer receivables.

Current assets decreased by EUR 51,844 thousand to EUR 76,512 thousand, which is attributable mainly to the decline of EUR 52,548 thousand in cash and cash equivalents to EUR 3,317 thousand and reclassifications to assets held for sale from EUR 21,034 thousand to EUR 19,645 thousand.

Short-term trade receivables and other financial receivables increased by EUR 6,459 thousand to EUR 36,520 thousand. The increase is due mainly to claims to income from international and national TV marketing as well as receivables from advertising partners.

Inventories increased by EUR 2,185 thousand to EUR 6,754 thousand.

Prepaid expenses decreased by EUR 13,294 thousand to EUR 15,619 thousand in the reporting period.

As at 30 June 2020, Borussia Dortmund's equity amounted to EUR 305,447 thousand. This corresponds to an equity ratio of 58.97% (previous year: 70.97%). Subscribed capital remained level at EUR 92,000 thousand.

Changes in current and non-current liabilities were as follows:

Borussia Dortmund reported liabilities of EUR 212,520 thousand as at 30 June 2020.

These increased by EUR 67,368 thousand to EUR 212,520 thousand.

Changes in total current and non-current liabilities were as follows:

Provisions decreased by EUR 1,671 thousand to EUR 0 thousand. The provisions were reversed on account of new information pointing to positive developments in the legal proceedings and the resulting remeasurement.

Lease liabilities increased from EUR 11,508 thousand to EUR 24,404 thousand in the reporting period. The increase is due primarily to the construction of the new offices for the sports management team as well as the commissioning of new flood lights and new advertising boards in the upper stands at SIGNAL IDUNA PARK.

Repayments of liabilities amounted to EUR 3,929 thousand.

Non-current trade payables increased by EUR 68,127 thousand to EUR 69,627 thousand. Current trade payables also increased by EUR 6,782 thousand to EUR 67,432 thousand, due primarily to higher transfer liabilities.

Other financial liabilities decreased by EUR 1,744 thousand to EUR 39,115 thousand.

Tax liabilities decreased from EUR 811 thousand to EUR 40 thousand.

No deferred tax liabilities were reported as at the end of the reporting period.

Deferred income decreased by EUR 21,603 thousand to EUR 3,871 thousand, which was due primarily to the discontinuation of season ticket sales for the next season on account of the COVID-19 pandemic.

As at the end of the reporting period, Borussia Dortmund reported EUR 8,031 thousand in overdraft facilities, which it had drawn down, under current financial liabilities.