The Malta Independent 27 August 2026, Thursday
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Adverse Balance for Sports Facilities Board on the increase

Malta Independent Sunday, 29 July 2007, 00:00 Last update: about 14 years ago

The main facilities are the National Stadium, The Centenary Stadium and the Millennium Stand.

The Millennium Stand provided some revenue for the association, over Lm21,000.

A concession and other income amounted to Lm102,132 while the expenditure amounted to Lm80,828. However, because of the depreciation of Lm143,766, an expenditure over income amount of Lm122,462 was registered.

The main expenditure proved to be the energy costs, which amounted to Lm40,719, while wages and allowances amounted to Lm23,648.

The Centenary Stadium had an excess of expenditure over income of just over Lm6,000. The income amounted to Lm19,679 while the expenditure, which included allowances and ground maintenance (around Lm11,000), amounted to Lm13,602.

In the facilities sector, the National Stadium account showed an income over expenditure amount of Lm23,577. The income here amounted to Lm120,426. This included Lm46,340 in the share of the gates, Lm20,050 from the bars concession, Lm30,754 from advertising, Lm1,055 from broadcasting rights, Lm2,574 from the cark park and other income amounted to Lm19,653.

The biggest amounts in the expenditure showed that Lm38,716 were paid as wages and personnel expenses and Lm37,361 were paid for ground maintenance.

In all, there was an excess of expenditure over income of Lm133,807, which, added to the amount of Lm904,440 at the beginning of the year, brought about a global amount of Lm1,038,247 as the adverse balance at the end of the year.

The clinic had an excess of income over expenditure of Lm1,718, with the income totalling Lm8,797, the highest in the past three years.

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