Income Statement (in €’000)
2021/2022
2020/2021
Income
10’058
8’179
Operating expenses
-9’062
-7’014
Earnings before interest, tax, depreciation, amortization (EBITDA)
995
1’165
Depreciation
—
—
Earnings before interest and tax (EBIT)
995
1’165
Financial expenses
-13
-6
Operating result before taxes
983
1’159
Extraordinary income, non-recurring Extraordinary expenses, non-recurring
51
44
-1’000 1
-917 2
Result before taxes
34
286
Income taxes
-80
-35
Net result
-46
251
1 As validated by the ECA Board and presented to the ECA General Assembly in March 2022, ECA – under the supervision of the Board appointed Ukraine Relief Committee and facilitated by the UEFA Foundation for Children - contributed an overall €1.0m donation to member clubs’ efforts with humanitarian initiatives to assist the Ukrainian people so terribly affected by the tragic circumstances in their country. 2 The 2021/22 extraordinary expense amount is mostly composed of the increase in the risk provision recorded during this financial year. This provision was increased due to the potential liability, which may arise from European Club Association participation in the decision-making process of the football governing bodies and European football system.
6
Financial Report 2021/22
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