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Monday, November 28, 2022

Fluminense announces first half financial statement; see numbers


Fluminense announces first half financial statement;  see numbers

Credit: Lucas Marçon / Fluminense

O Fluminense released just this week the financial statement for the first half of 2022, through a post on its official website.

According to the figures released by the tricolor carioca, there was a reduction of R$11 million in total liabilities and equity compared to the year 2021.

However, total liabilities increased by 0.35% (about R$3 million) compared to 2021. As a result, the debt of the Fluminense is R$743 million.

The disclosure of these numbers occurs precisely on the eve of the presidential elections in the tricolor of Rio de Janeiro, which will take place this Saturday (26), in Laranjeiras.

See quotes from Mário Bittencourt, president of the Fluminense

“First differentiate between balance sheet and trial balance. Balance sheet is mandatory for any company, for any football club. In the case of clubs, we are obliged to publish the balance sheet by March 31 of the following year.

So all the balances of the Fluminense are published. In 2020 we published the balance sheet for 2019, which are still Pedro Abad’s accounts. In 2021 it published the numbers for 2020, in 2022 we published the numbers for 2021, and in 2023 the club will have to publish, whether it be us or another president, the numbers for 2022.

With regard to the balance sheet, it is not a legally binding tool, the Fluminense it has been publishing over the years, but the system we had was very old, left by the previous management.

We implemented a new system, and this new data collection system took a while to implement specifically because of the shutdown with the pandemic. We have now managed to adjust this data collection and by the end of November we will be publishing the numbers for the first six months of 2022.”

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