Development and performance of the business

The Borussia Dortmund Group reported total assets of EUR 511,835 thousand as at 30 June 2023. These were up EUR 53,403 thousand on the figure reported as at 30 June 2022 (EUR 458,432 thousand).

Non-current assets rose by EUR 78,846 thousand to EUR 440,726 thousand. The change was as follows:

Intangible assets increased by EUR 41,830 thousand to EUR 169,668 thousand as at the end of the reporting period. This rise is due primarily to additions amounting to EUR 143,185 thousand (of which EUR 143,077 thousand in player registrations). This was partly offset by a total of EUR 11,616 thousand in disposals and reclassifications of non-current intangible assets to assets held for sale and EUR 89,739 thousand in amortisation and write-downs.

Property, plant and equipment increased by EUR 9,798 thousand to EUR 182,251 thousand. The additions of EUR 23,169 thousand were offset by EUR 418 thousand in disposals and EUR 12,953 thousand in depreciation and write-downs. The additions include primarily the repurchase of significant portions of the training ground in Dortmund-Brackel that had previously been leased, the expansion of the infrastructure, and the operating and office equipment in and around SIGNAL IDUNA PARK.

As at the end of the reporting period, current and non-current trade receivables and other financial receivables increased by EUR 20,104 thousand to EUR 125,480 thousand (30 June 2022: EUR 105,376 thousand). This was due primarily to the increase in transfer receivables not yet due contained in that item, in particular from the departure of the players Erling Haaland and Manuel Akanji to Manchester City.

Inventories increased by EUR 1,028 thousand from EUR 4,416 thousand in the previous year to EUR 5,444 thousand.

Cash and cash equivalents amounted to EUR 4,496 thousand (30 June 2022: EUR 10,571 thousand).

Assets held for sale declined by EUR 20,967 thousand in connection with transfer deals. In addition, as at the end of the reporting period, intangible assets amounting to EUR 11,372 thousand were reclassified as assets held for sale and impairment losses of EUR 3,357 thousand were reported under depreciation, amortisation and write-downs. Accordingly, the carrying amount of assets held for sale amounted to EUR 11,014 thousand as at 30 June 2023 (30 June 2022: EUR 23,966 thousand).

Current and non-current prepaid expenses remained virtually level at EUR 13,002 thousand (30 June 2022: EUR 13,072 thousand).

As at 30 June 2023, the Borussia Dortmund Group’s equity amounted to EUR 282,705 thousand (30 June 2022: EUR 273,155 thousand). This corresponds to an equity ratio of 55.3% (previous year: 59.6%). As at 30 June 2023, the Group’s share capital remained unchanged at EUR 110,396 thousand as compared to 30 June 2022. Due to the consolidated net profit of EUR 9,550 thousand for the financial year, the reserves increased from EUR 162,872 thousand to EUR 172,422 thousand. Furthermore, EUR 4,754 thousand was withdrawn from capital reserves and transferred to other revenue reserves. Since Borussia Dortmund KGaA’s revenue reserves were insufficient to offset the net accumulated losses, the capital reserves were used to cover the difference.

The Borussia Dortmund Group reported total liabilities of EUR 229,130 thousand as at the end of the reporting period. This represented an increase of EUR 43,853 thousand from EUR 185,277 thousand as at 30 June 2022. The change was as follows:

As at the end of the reporting period, loans amounting to EUR 11,103 thousand were drawn down to finance investments in property, plant and equipment. Of this amount, EUR 2,276 thousand was reported under current financial liabilities. Furthermore, the Borussia Dortmund Group has drawn down EUR 10,529 thousand (30 June 2022: EUR 0 thousand) of the existing overdraft facilities of EUR 75,000 thousand.

Current and non-current lease liabilities decreased from EUR 17,179 thousand to EUR 12,962 thousand in the reporting period. The repayments of lease liabilities of EUR 5,383 thousand were partly offset by new lease obligations taken up for the expansion of the vehicle fleet (EUR 1,166 thousand).

Non-current trade payables increased by EUR 13,234 thousand to EUR 46,848 thousand, due in particular to the higher non-current liabilities from transfer deals. The increase in current trade payables by EUR 10,374 thousand to EUR 86,015 thousand is due primarily to the rise in prepayments on orders included in that item.

Current and non-current other financial liabilities decreased by EUR 1,541 thousand to EUR 37,357 thousand as at the end of the reporting period (30 June 2022: EUR 38,898 thousand). This decrease is due in particular to higher personnel-related liabilities in the previous year. By contrast, liabilities for outstanding invoices and liabilities to the general partner increased.

Current tax liabilities increased to EUR 1,135 thousand as at the end of the reporting period (30 June 2022: EUR 4 thousand) due to the net profit for the financial year (2021/2022 financial year: net loss).

Current and non-current deferred income amounted to EUR 23,181 thousand as at the end of the reporting period (previous year: EUR 19,941 thousand). The increase (EUR 3,240 thousand) is due primarily to proceeds from leasing SIGNAL IDUNA PARK in connection with the UEFA EURO 2024 and proceeds from the tour of the United States in summer 2023.