Supporting British Racing – The Jockey Club Annual Review

Annual Review and Outlook 2019

2015

2016

2017

2018

£m £m £m

£m

Group operating profits breakdown The Jockey Club

0

-0.1

0

0

19.3 0.8 0.9

Jockey Club Racecourses

20.8

21.3

21.1

Jockey Club Estates

0.7

1

0.8

The National Stud

0.5

0.3

0

21

Total

21.9

22.6

21.9

2015

2016

2017

2018

£m £m £m

£m

Sources of prize money investment JCR contribution

27.1

19.9 15.6

20.8

22.9

16.4

Industry contribution

14.8

15.2

8.4

Entry fees

8.4

8

7.6

51.9

Total

43.9

43.6

45.7

2015

2016

2017

2018

£m £m £m

£m

Group capital expenditure

10.4

28.6

12.5

13.8

2015

2016

2017

2018

£m £m £m

£m

Group net debt Total

101.9

105.8

100.7

103.8

2015

2016

2017

2018

£m £m £m

£m

Group cashflow Net cashflow from trading Cash from exceptional items

19.2

22.9

22

17.9

0

0

3.5

0

1

Dividends received

0.2

0.2

0.2

-9.7

Net capital expenditure

-29.2

-12.1

-13

-7.7

Net interest paid

-6.6

-7.8

-7.8

-7.6

Other net loan movements

17.3

1.3

2.6

-5.1

Change in cash

4.6

7.1

-0.1

24

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