Original Article Grants in the Financial Statements of Polish Sports Clubs
Journal of Physical Education and Sport ® (JPES), Vol 20 (Supplement issue 5), Art 382 pp 2813 – 2819, 2020 online ISSN: 2247 - 806X; p-ISSN: 2247 – 8051; ISSN - L = 2247 - 8051 © JPES Original Article Grants in the financial statements of Polish sports clubs ALEKSANDER ZAWADZKI Faculty of Economic Sciences and Management, Nicolaus Copernicus University in Toruń, POLAND Published online: October 30, 2020 (Accepted for publication: October 22, 2020) DOI:10.7752/jpes.2020.s5382 Abstract: As the popularity of using non-refundable public aid financed both from national and EU funds by enterprises is increasing, it is worth analysing the quality of reporting related thereto. Grants are one of the sources of financing sports clubs. Most studies on reporting such subsidies focus on the correctness of settling the subsidy from the point of view of meeting the reporting requirements imposed by the authorities that grant such funding. The second aspect is the correct recording in accounting books and the presentation of the effects of the used subsidies in the financial statements. This applies, in particular, to sports clubs that are objects of public interest, although most of them are not listed on stock exchanges. The transparency of the club’s finances may contribute to the improvement of its image (regardless of the athletic achievements), which, in turn, may bring about opportunities to obtain new sources of financing. The subject of the analysis were the annual financial statements of entities that maintained male teams in the highest leagues of football, volleyball, and motorcycle speedway. These are, respectively: PKO BP Ekstraklasa, PlusLiga and PGE Ekstraliga.
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