MANAGEMENT REPORTLAGEBERICHT Administrative expenses decreased during the Abdou Diallo, Alexander Isak, Julian Weigl, Paco Alcácer, Jacob Bruun Larsen and Sebastian Rode financial year ended by EUR 2,279 thousand to EUR being derecognised, the only carrying amounts 22,815 thousand. A slight increase in IT expenses derecognised this financial year were for the players was offset by significantly lower travel, Ömer Toprak and Dženis Burnić as well as for the representation and event expenses. former trainer Lucien Favre. This item also includes sales-related costs for departures and other Other expenses decreased by EUR 4,106 thousand (subsequent) variable transfer compensation. to EUR 4,816 thousand. This reduction was caused mainly by lower allowances on receivables and Expenses from match operations decreased by EUR lower losses on disposals of fixed assets as well as 8,576 thousand to EUR 41,405 thousand (previous lower expenses for office supplies. year: EUR 49,981 thousand). This was due mainly to lower catering and match day expenses, as only Financial result three home matches were played for the 2020/2021 The financial result for financial year 2020/2021 season, with severely restricted stadium capacity. amounted to EUR -262 thousand (previous year: EUR 1,915 thousand) and breaks down as follows: Advertising expenses decreased by EUR 15,826 Income and expenses from profit and loss transfer thousand. Despite the increase in advertising agreements amounted to EUR 259 thousand. income, the newly signed agency licensing agreement with the marketing firm SPORTFIVE These include the results of BVB Merchandising Germany GmbH made it possible to significantly GmbH, BVB Event & Catering GmbH, BVB Stadion- reduce the agency commission payable. management GmbH and BVB Fußballakademie GmbH and besttravel dortmund GmbH. Income and expenses from profit and loss transfer agreements Net profit/loss Net profit/loss 01/07/2020 to 01/07/2019 to 30/06/2021 30/06/2020 (EUR '000) BVB Stadionmanagement GmbH 42 64 besttravel dortmund GmbH 100 566 BVB Merchandising GmbH -748 2,458 BVB Event & Catering GmbH 725 1,581 BVB Fußballakademie GmbH 140 - 259 4,669 Furthermore, interest income of EUR 121 thousand amounted to EUR 2,934 thousand and comprised was recognised and related to entirely to mainly EUR 1,323 thousand in discounting effects compounding. and EUR 1,452 thousand in financing charges. Interest expenses amounted to EUR 642 thousand and comprised mainly financing charges of EUR 554 Tax on income of EUR 342 thousand were reported thousand and discounting effects of EUR 40 in the 2020/2021 financial year (previous year: thousand. In the previous year, interest expenses had EUR -50 thousand). 59