ITM Cup unions achieve combined surplus of $3.2 million
allblacks.com 08 Aug 2014 Getty Images
It shows that there has been an overall improvement in financial performance in 2013, delivering a second straight collective surplus on the back of positive results for each of the 14 unions.
The combined revenue earned by the 14 ITM Cup playing unions was $69.1 million for the 2013 financial year (FY13). This was a $2.1 million (3.2%) increase over the FY12 results, but still down $7.5 million (9.8%) from FY09 revenue.
Operating expenditure has decreased marginally by approximately $84,000 over the past year to $65.7 million. This is down $15.7 million since FY09, a 19.3% decrease over the past 5 years.
Other highlights from the Deloitte Sports Review State of the Unions report include:
• 15.8% of total FY13 revenue is from match related income, 66.7% is from grants & sponsorship, and 17.5% is from other revenues such as administration fees.
• Match related income has increased for the second straight year, growing by $1.3 million (13.9%) from FY12 to FY13, while revenue from grants & sponsorship has increased by $0.5 million to $46.1 million over the year.
• Income from grants & sponsorship continues to be heavily reliant on contributions from New Zealand Rugby and grants from gaming trusts.
• The five provincial unions with professional Investec Super Rugby teams based in their main cities generated 49.8% of total revenues of all unions in FY13.
• Administration costs have decreased by 4.5% from FY12 to FY13.
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