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.

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).

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.