Development and performance of the business

As at 30 June 2021, total assets amounted to EUR 450,519 thousand, representing a decrease of EUR 67,448 thousand as compared to 30 June 2020.

Non-current assets decreased by EUR 51,652 thousand to EUR 389,903 thousand as follows:

The EUR 36,233 thousand decrease in intangible assets is due to additions to player registrations (EUR 58,738 thousand) less disposals and reclassifications of non-current intangible assets to assets held for sale (EUR 2,341 thousand) and amortisation and write-downs (EUR 92,630 thousand).

Property, plant and equipment increased by EUR 4,465 thousand. The additions were offset by EUR 445 thousand in disposals and EUR 13,603 thousand in depreciation. The additions were attributable mainly to the investments to expand the training ground and in the stadium.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
of Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund

 

 

30/06/2021

 

30/06/2020

 

 

EUR '000

 

in %

 

EUR '000

 

in %

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

 

 

 

Intangible assets

 

193,434

 

42.9

 

229,667

 

44.3

Property, plant and equipment

 

183,454

 

40.7

 

193,037

 

37.3

Investments accounted for using the equity method

 

402

 

0.1

 

321

 

0.1

Financial assets

 

27

 

0.0

 

32

 

0.0

Trade and other financial receivables

 

10,392

 

2.3

 

12,680

 

2.4

Prepaid expenses

 

2,094

 

0.5

 

5,718

 

1.1

 

 

389,803

 

86.5

 

441,455

 

85.2

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Inventories

 

6,806

 

1.5

 

6,754

 

1.3

Trade and other financial receivables

 

29,936

 

6.7

 

36,520

 

7.1

Tax assets

 

85

 

0.0

 

375

 

0.1

Cash and cash equivalents

 

1,725

 

0.4

 

3,317

 

0.6

Prepaid expenses

 

12,708

 

2.8

 

9,901

 

1.9

Assets held for sale

 

9,456

 

2.1

 

19,645

 

3.8

 

 

60,716

 

13.5

 

76,512

 

14.8

 

 

450,519

 

100.0

 

517,967

 

100.0

Trade receivables and other financial receivables decreased by EUR 8,872 thousand to EUR 40,328 thousand. This is due primarily to net proceeds received from transfers and lower receivables from advertising partners.

Cash and cash and cash equivalents amounted to EUR 1,725 thousand as at the end of the reporting period (previous year: EUR 3,317 thousand).

Assets held for sale declined by EUR 10,189 thousand to EUR 9,456 thousand (previous year: EUR 19,645 thousand).

Inventories remained virtually unchanged at EUR 6,806 thousand (previous year: EUR 6,754).

Prepaid expenses decreased by EUR 817 thousand to EUR 14,802 thousand (previous year: EUR 15,619 thousand).

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
of Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund

 

 

30/06/2021

 

30/06/2020

 

 

EUR '000

 

in %

 

EUR '000

 

in %

 

 

 

 

 

 

 

 

 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

Subscribed capital

 

92,000

 

20.4

 

92,000

 

17.8

Reserves

 

140,750

 

31.2

 

213,560

 

41.2

Treasury shares

 

-113

 

0.0

 

-113

 

0.0

Equity attributable to the owners of the parent company

 

232,637

 

51.6

 

305,447

 

59.0

 

 

232,637

 

51.6

 

305,447

 

59.0

 

 

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

 

 

 

 

 

Lease liabilities

 

16,819

 

3.7

 

20,054

 

3.9

Trade payables

 

37,250

 

8.3

 

69,627

 

13.4

Other financial liabilities

 

208

 

0.1

 

0

 

0.0

Deferred tax liabilities

 

0

 

0.0

 

0

 

0.0

Deferred income

 

0

 

0.0

 

230

 

0.0

 

 

54,277

 

12.1

 

89,911

 

17.3

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Financial liabilities

 

56,900

 

12.6

 

8,031

 

1.6

Provisions

 

2,333

 

0.5

 

0

 

0.0

Lease liabilities

 

4,241

 

1.0

 

4,350

 

0.8

Trade payables

 

64,103

 

14.2

 

67,432

 

13.0

Other financial liabilities

 

30,901

 

6.9

 

39,115

 

7.6

Tax liabilities

 

40

 

0.0

 

40

 

0.0

Deferred income

 

5,087

 

1.1

 

3,641

 

0.7

 

 

163,605

 

36.3

 

122,609

 

23.7

 

 

450,519

 

100.0

 

517,967

 

100.0

As at 30 June 2021, Borussia Dortmund’s equity amounted to EUR 232,637 thousand. This corresponds to an equity ratio of 51.64% (previous year: 58.97%). 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 217,882 thousand as at 30 June 2021 (previous year: EUR 212,520). This represents an increase of EUR 5,362 thousand.

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

Lease liabilities decreased from EUR 24,404 thousand to EUR 21,060 thousand in the reporting period. The repayments of lease liabilities of EUR 4,386 thousand were partly offset by moderate increases relating to the fan shop and vehicle fleet.

Non-current trade payables decreased by EUR 32,377 thousand to EUR 37,250 thousand. Current trade payables also fell, declining by EUR 3,329 thousand to EUR 64,103 thousand. This was mainly attributable to liabilities for transfer deals that were settled in the financial year.

Other financial liabilities decreased by EUR 8,214 thousand to EUR 30,901 thousand. The decrease was due primarily to paying variable remuneration to the professional squad.

Tax liabilities remained level at EUR 40 thousand.

Deferred income decreased by EUR 1,216 thousand to EUR 5,087 (previous year: EUR 3,871 thousand).

As at the end of the reporting period, Borussia Dortmund reported EUR 56,900 thousand in overdraft facilities, which it had drawn down, under current financial liabilities.

The EUR 2,333 thousand (previous year: EUR 0 thousand) in provisions recognised as at 30 June 2021 included provisions for litigation and liability risks relating to legal proceedings, and was expensed.

10th match day / 05.12.2020

Eintracht Frankfurt - BVB 1:1

Sporting Highlights