FAI Annual Review 2014

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INCOME AND EXPENDITURE ACCOUNTFOR THE YEAR ENDED 31 DECEMBER 20142014 2013Notes € €TURNOVER 2 38,041,498 36,585,797Cost of sales (21,922,033) (23,759,421)OPERATING INCOME 16,119,465 12,826,376Administration expenses (9,265,436) (8,322,304)OPERATING SURPLUS 6,854,029 4,504,072Investment income 4 80 1,473Exceptional Item 5 - 10,590,382Interest payable and similar charges 6 (5,403,381) (4,997,878)SURPLUS ON ORDINARY ACTIVITIES BEFORE GRANTS 7 1,450,728 10,098,049Development and operating grants to affiliates (1,090,781) (1,124,232)SURPLUS RETAINED FOR THE YEAR 14 359,947 8,973,817The financial statements were approved by the board of management on 25/05/15 and signed on its behalf by:Tony FitzgeraldPresidentEddie MurrayHonorary Treasurer50FOOTBALL ASSOCIATION OF IRELAND ANNUAL REVIEW AND FINANCIAL STATEMENTS 2014
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSESFOR THE YEAR ENDED 31 DECEMBER 20142014 2013Notes € €Surplus for the year 359,947 8,973,817Revaluation deficit on football grounds 13 (200,000) -Total recognised gains for year 15 159,947 8,973,817FOOTBALL ASSOCIATION OF IRELAND ANNUAL REVIEW AND FINANCIAL STATEMENTS 2014 51
Page 9: defending champions Raheny United.C
Page 12 and 13: Chief Executive Officer’sOperatio
Page 24: Chief Executive Officer’sOperatio
Page 27 and 28: Left: Republic of Ireland manager M
Page 29 and 30: Above: Fiona O’Sullivan celebrate
Page 31 and 32: Noel King’s Republic of Ireland U
Page 33 and 34: Above: Thomas Byrne, Republic of Ir
Page 35 and 36: Left: Tara O’Gorman, Republic of
Page 37 and 38: That set Eastern Region IRL up for
Page 39 and 40: The Irish CP squad secured their pl
Page 41 and 42: Right: Work on pitches at the FAI N
Page 43 and 44: Turner’s Cross, home ground of Co
Page 45 and 46: Directors and Other InformationBOAR
Page 47 and 48: Funding and Future ChallengesThe As
Page 49 and 50: INDEPENDENT AUDITORS’ REPORT TO T
Page 51: FINANCIAL ASSETSFinancial assets co
Page 55 and 56: CASH FLOW STATEMENTFOR THE YEAR END
Page 57 and 58: 5. EXCEPTIONAL ITEMS2014 2013€
Page 59 and 60: 9. INTANGIBLE FIXED ASSETSStadium S
Page 61 and 62: 13. REVALUATION RESERVE2014 2013€
Page 63 and 64: 19. INVESTMENT IN JOINT VENTURES (C
Page 65 and 66: International ResultsGrade Date Opp
Page 67 and 68: Grade Date Opposition Stat Venue Re
Page 69 and 70: Grade Date Opposition Stat Venue Re
Page 71 and 72: TMCommercial PartnersThreePrimary S

FAI Annual Review 2014

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