Annual Report 2022/2023

(27) Exchange rate risk

There were no material exchange rate risks as at 30 June 2023. As at 30 June 2022, Borussia Dortmund had a financial liability amounting to GBP 5,000 thousand that was exposed to exchange rate risk. In order to fully hedge the currency risk, a EUR/GBP currency forward with a matching maturity and a notional volume of GBP 5,000 thousand was entered into, which is not part of an IFRS 9 hedge accounting relationship. As at 30 June 2022, the fair value of the currency forward amounted to EUR 252 thousand and was recognised under other financial assets. Due to the congruence with the hedged item, there was no effect on OCI in the consolidated statement of comprehensive income until the mid-year settlement of the liability in the first quarter of the 2022/2023 financial year.

7th match day / 17.09.2022

BVB - Schalke 04 1:0

Sporting Highlights