Annual figures: Ajax announces €20.7 million net profit

1 0
Read Time1 Minute, 28 Second

Ajax has announced the figures of the 2019-2020 financial year. The club has made a net profit of €20.7 million, the equity has risen with €18.8 million to a total of €228.8 million.

The previous season, 2018-2019, was the most successful season financially in this century. That was mainly thanks to the amazing Champions League run, that made the clubs an unparalleled amount of money. This season has been less successful, due to both the earlier Champions League exit and of course the Coronavirus. The financial impact of the virus has remained limited, thanks in part to the support of fans and partners.

Key figures of the report

  • The profit after tax is € 20.7 million.
  • Net revenue is € 162.3 million, a decrease of € 37.2 million due to lower income from European competitions and the coronavirus.
  • Costs increased by € 0.2 million to € 165.4 million mainly due to the increase in fixed salary costs.
  • The operating loss amounts to € 3.1 million.
  • The contribution from income from player transfers is € 84.5 million, mainly as a result of the transfers from Matthijs de Ligt to Juventus and Kasper Dolberg to OGC Nice.
  • The profit after tax of € 20.7 million will be added to the other reserves, bringing the profit to € 120.6 million.
  • No dividend will be paid over this financial year.
  • The balance of cash and cash equivalents at 30 June 2020 amounts to € 22.5 million and has decreased by € 39.5 million compared to 30 June 2019 mainly due to investments in players and income taxes paid.
  • Total equity increased by € 18.8 million to € 228.8 million, 45.0% of the balance sheet total, excluding lease commitments of 63.9%.

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.

Close