Development and performance of the business

The Borussia Dortmund Group reported total assets of EUR 589,684 thousand as at 30 June 2024. These were up EUR 77,849 thousand on the figure reported as at 30 June 2023 (EUR 511,835 thousand).

Non-current assets rose by EUR 32,547 thousand to EUR 473,274 thousand. The change was as follows:

Intangible assets increased by EUR 14,399 thousand to EUR 184,068 thousand as at the end of the reporting period. This rise is due primarily to additions amounting to EUR 121,656 thousand (of which EUR 121,521 thousand in player registrations). This was partly offset by a total of EUR 25,174 thousand in disposals and reclassifications of non-current intangible assets to assets held for sale and EUR 82,082 thousand in amortisation and write-downs.

Property, plant and equipment increased by EUR 16,018 thousand to EUR 198,269 thousand. The additions of EUR 28,329 thousand were offset by EUR 48 thousand in disposals and EUR 12,264 thousand in depreciation and write-downs. The additions include primarily the purchase of a plot of land for the purpose of expanding the training ground in Dortmund-Brackel, the construction of the logistics centre (catering annex), 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 52,511 thousand to EUR 177,991 thousand (30 June 2023: EUR 125,480 thousand). This was due primarily to the increase in transfer receivables not yet due included in that item, in particular from transferring player Jude Bellingham to Real Madrid.

Inventories decreased by EUR 153 thousand from EUR 5,444 thousand in the previous year to EUR 5,291 thousand.

Cash and cash equivalents amounted to EUR 4,360 thousand (30 June 2023: EUR 4,496 thousand).

Assets held for sale declined by EUR 11,014 thousand in connection with transfer deals. In addition, as at the end of the reporting period, intangible assets amounting to EUR 19,066 thousand were reclassified as assets held for sale and impairment losses of EUR 9,986 thousand were reported under depreciation, amortisation and write-downs. Accordingly, the carrying amount of assets held for sale amounted to EUR 9,080 thousand as at 30 June 2024 (30 June 2023: EUR 11,014 thousand).

Current and non-current prepaid expenses decreased by EUR 2,956 thousand to EUR 10,046 thousand (30 June 2023: EUR 13,002 thousand).

As at 30 June 2024, the Borussia Dortmund Group’s equity amounted to EUR 327,013 thousand (30 June 2023: EUR 282,705 thousand). This corresponds to an equity ratio of 55.5% (30 June 2023: 55.3%). As at 30 June 2024, the Group’s share capital remained unchanged at EUR 110,396 thousand as compared to 30 June 2023. Due to the consolidated net profit of EUR 44,307 thousand for the financial year, the reserves increased from EUR 172,422 thousand to EUR 216,730 thousand.

The Borussia Dortmund Group reported total liabilities of EUR 262,671 thousand as at the end of the reporting period. This represented an increase of EUR 33,542 thousand from EUR 229,129 thousand as at 30 June 2023. The change was as follows:

As at the end of the reporting period, loans amounting to EUR 28,701 thousand were drawn down to finance investments in property, plant and equipment. Of this amount, EUR 2,624 thousand was reported under current financial liabilities. As at the end of the reporting period, Borussia Dortmund did not draw down the existing overdraft facilities of EUR 75,000 thousand (30 June 2023: EUR 10,529 thousand drawn down).

Current and non-current lease liabilities decreased from EUR 12,961 thousand to EUR 11,878 thousand in the reporting period. The repayments of lease liabilities of EUR 2,841 thousand were partly offset by new lease obligations taken up for the expansion of the vehicle fleet (EUR 1,758 thousand).

Non-current trade payables declined by EUR 7,022 thousand to EUR 39,825 thousand, due in particular to the lower non-current liabilities from transfer deals. The increase in current trade payables by EUR 20,375 thousand to EUR 106,390 thousand is due primarily to the rise in liabilities from transfer deals. By contrast, prepayments on orders declined.

Current and non-current other financial liabilities increased by EUR 11,496 thousand to EUR 48,854 thousand as at the end of the reporting period (30 June 2023: EUR 37,357 thousand). This increase is due particular to the higher personnel-related liabilities and higher liabilities to the general partner.

Current tax liabilities increased to EUR 5,396 thousand as at the end of the reporting period (30 June 2023: EUR 1,135 thousand) due to the higher net profit for the year compared to the 2022/2023 financial year.

Current and non-current deferred income amounted to EUR 20,648 thousand as at the end of the reporting period (30 June 2023: EUR 23,181 thousand). The decrease of EUR 2,534 thousand is attributable mainly to the reversal of proceeds from leasing SIGNAL IDUNA PARK in connection with UEFA EURO 2024.