The British Theatre Guide: RSC Makes £600,000 Operating Surplus

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Dateline: 23rd September, 2008

RSC Makes £600,000 Operating Surplus

In the first of its four "transition years", as the Royal Shakespeare Theatre is being transformed, the Royal Shakespeare Company made an operating surplus of £600,000, although its profit and loss account shows a deficit of £400,000, the company's annual report for 2007-8 reveals.

Income and expenditure for the year were:

Income

Grants	£14,800,000	49.9%
Education	£300,000	1.0%
Interest	£1,200,000	4.0%
Trading Subsidiary	£900,000	3.1%
Sponsorship	£1,900,000	6.5%
Operations (incl.box office)	£10,500,000	35.5%
	£29,600,00	100%

Expenditure

Productions	£19,600,000	65.3%
Education	£800,000	2.8%
Subsidiary	£900,000	3.0%
Theatre Operations	£4,700,000	15.7%
Reorganisation costs	£100,000	0.3%
Fundraising	£700,000	2.2%
Governance costs	£100,000	0.3%
Marketing	£3,100,000	10.4%
	£30,000,000	100%

The Balance Sheet shows that the company has fixed assets worth £34,480,000, investments of £7,426,000 and net current assets of £12,759,000. Total assets less current liabilities stand at £55,362,000. This compares favourably with last yar's figure of £38,042,000.

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