EN
ESNew Balance with a Positive Result was Approved Press release about the balance that was unanimously approved by the Board of Directors
The Board of Directors approved unanimously a new balance with a positive result.
On Thursday November 10th, the Honorable Board of Directors of the Institution approved unanimously the financial statements of Club Atlético River Plate corresponding to the fiscal year 2015/2016.
During the meeting, the most outstanding items of the balance were explained in detail. The result of the balance was the highest surplus in the history of River, which reached AR$ 205 millions, 88 % higher than the previous fiscal year. This surplus makes River the Club with the best economic and financial situation of Argentine football in 2016, with a positive operative result of AR$ 405 millions.
Moreover, the Net Worth reached AR$ 513 millions. This represents a growth of over AR$ 700 millions during the two years and eight months of this Management after taking on the administration of the Institution on December of 2013 with a negative Net Worth of AR$ 200 millions.
In addition, the asset growth was of 47%, while the liabilities had a growth of 33%, and the “toxic liabilities” were eliminated.
Among other positive things, there was a growth of 67% on the incomes regarding the Brand (Advertising and Sponsoring). The debt with AFA was completely cancelled, which turned around the situation and put the Club as a creditor of the Mother House of local football for over AR$ 40 millions. In addition, over AR$ 65 millions were destined to infrastructure projects.
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