NEWS
Anylsis of Arsenal half year Accounts,Jun to Nov 2013
阿森纳俱乐部2013年6月到11月半年财务分析
Posted Sunday 23rd March 2014
2014-3-23 周日发布
英文链接：AST网站，定期发布的，这是我一次翻译正经八百的财务贴
http://www.arsenaltrust.org/news/latest-news/analysis-of-arsenal-half-year-accounts-jun-to-nov-2013
涉外会计专业的快进来，帮着纠正会计英文单词

不明觉diao

AST Analysis of Arsenal Holdings PLC Half YearAccounts
For the period 1 June 2013 to 30 November 2013
AST对阿森纳股份有限公司半年财务分析（第一阶段2013年6月1日-11月30日）
This short analysis has been produced by AST Board member Simon Hill.
简报由AST委员会成员西蒙·希尔提供。
Firstly, we set out a simplified overview of the Arsenal's accounts in atable format. The figures are drawn directly from the club's accounts, with the full year to 31 May 2014 figures being AST estimates.
首先，我们放上简单的财务图表，图表直接反映了阿森纳的财务情况。图表为阿森纳从2012年6月1日到2014年5月31日的两年财政情况对比。

好腻害

看不懂

Commercial revenues
商业收入
As was noted last year, the new Emirates deal addssome £17m net to commercial income annually and other secondary sponsorships (eg Gatorade)have helped further increase revenues. A new shirt sponsorship arrangement with Puma commences on 1 June 2014 and will add some £20m net to commercial revenues compared to the Nike deal from next season. We believe some element ofprepayment was received by Arsenal from Puma in this financial half year, and while this has no effect on income, it has helped boost cash balances (perhaps by £10m). We expect full financial year commercial income of £56m. This should rise to at least £76m in 2014-15.
去年，新的酋长（球衣和球场冠名）赞助合同使商业收入净增加1700万，同时两级赞助的增长也会使未来商业收入增加。一纸新的彪马球衣合同从2014年6月1日开始生效，对比之前的耐克，下赛季破厂每年能多收2000万胖子。我们相信彪马已经预付了一部分钱，帮助破厂提高财政（可能是1000万），这些没体现在今年的收入中。我们预计这赛季全年的商业收益为5600万，下个赛季将最少能增长到7600万。

来了

Non-wage Football costs and Amortisation
非工资性足球成本及折旧
Non wage football costs cover team support, travel and medical costs,stadium running costs,
insurances and retail costs of sale (running costs ofThe Armoury, etc). They are remarkably constant other than being slightly impacted by the number of games held (approx £200k per home match day) and Emirates Cup appearance fees. This year we expect to see a small increase on last season (by £2m to £64m) as the extragames and events plus inflationary pressures have an impact.
非工资性足球花销包括球队后勤保障，差旅、医疗的花费，球场运营的成本，保险和零售店的运营成本（比运营The Armoury店之类）。这些成本基本上是固定的，和比赛的数量挂勾，（大约20万胖子/主场比赛日），还有就是给酋长杯参赛球队的出场费。这赛季这部分成本预期较会有小幅提升（增长200万，涨到6400万），因为比赛数量增加了，还要考虑到通货膨胀的因素。

顶

直接告诉我夏天有多少钱

挽了再看

'Spare Cash' / Resources available to strengthen the team
闲钱（富余现金）/加强阵容的可用资金
Arsenal reported a free cash balance at 30 November 2013 of £120m - with further cash of £23m
held back to guarantee debt service requirements. This was a significant increase on cash reserves held last year (£123m total) and reflects the following:
截止到2013年11月30日阿森纳的闲置资金达到1.2亿——
其中2300万是债权的保证金。这个数额今年会有长足增长（去年总共1.23亿），理由如下：

Firstly, Arsenal received settlement of the property sales at Queensland Road reported in last year's accounts. This generated o
ver £20m in cash and leaves in excess of £60m sitting in the club's property development subsidiary which we believe is allavailable to the football part of the business
首先，阿森纳获得了前一年昆士道地产项目的收益，
包括超过2000万的现金，以及6000万以上的分期支付，作为阿森纳俱乐部附属的房地产公司，我们相信这些钱是全部用于足球事业的。（天真了天真了！）

Secondly, the new agreements with Emirates and Puma have generated more favourable cash flows, with advance payments boosting November cash balances
其次，新的酋长合同和彪马合同即将生效，合同的预付部分将使现金流再度升高。

These are permanent benefits and although some allowance has to be made for paying the bills in the traditionally low cashreceipt months of December to March, we believe that close to £100m of this amount can at present be judged as 'available cash'.
这些都是明确的收入，仅管其中一部分资金要预留出来，来保证年底（十二月到三月份间）银根紧张时，破厂的偿付能务。但我们还是坚信，有近一亿资金属于“闲钱”！