Profits

The graph below shows the reported profits of Aberdeen.

As you can see these are actually losses, but losses which are getting smaller every year, up to 2008. Aberdeen's stated aim is to break even each year, before you took in to account the depreciation and the amortisation. The amortisation is explained here, the depreciation, shown here, can be viewed as the cost of the ground. The reason the board want to ignore these is that there's not much that can be done about them, in particular the ground costs.

The club seems close to achieving its target, although the finances are so tight that it is easy to end up with a small profit or a small loss depending on circumstances as small as the having one more or less home Cup game.

The 2008 result is, as ever, a the result of the European run.

The chairman's comment on the financial results extols the virtues of the operating loss only being £322,000 when they had budgeted for £600,000 loss. In 2008 he predicted that from 2010 the business should break even, this year he made no comment.

The operating loss is not the whole story, as the other costs of the depreciation, amortisation and interest payments need to be taken into account. This mean the loss for all activities for the year was £1,642,000 .

Profits