The champions have grown poorer

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Net losses of VAT Football Club Dynamo Kyiv in 2007 totaled 42.877 millions UAH which is 24.1% more than in 2006, the company reported. Undistributed losses reached 213.68 millions UAH by the end of the year. Earlier it was reported that in 2006 the club losses grew by 19.1% and in 2005 grew by 29.3%.

According to the publication, current liabilities of FC Dynamo increased by 21.5% to 108.6 millions UAH, longterm liabilities increased by 55.7% to 58.23 millions UAH and the accounts receivable increased by 5% to 34.61 millions UAH.

By the end of the year Dynamo had 2.23 millions UAH of funds and their equivalents compared to 16.55 millions UAH the year before.

The owned capital of the club decreased in 2007 by 23.4% to 173.88 millions UAH while the authorized capital remained unchanged at 171.99 millions UAH. The reduction of fixed assets totaled 4.3% to 228.08 millions UAH.

In general FC Dynamo assets in 2007 decreased by 3,7% to 342.03 millions UAH. The number of employees decreased by 4% to 971 persons.

Dynamo haven't reported the numbers of product sales in last year while in 2006 they increased their net income 3.3 times to 30.63 millions UAH.

Company shareholders will examine the results of its activity in 2007 during the annual general meeting on March 5.

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