Sports Sector in Focus Changes in the Economic Data of Sports Organizations
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Abstract
Hungarian sports funding has undergone significant changes in the past decade,
and the sector, previously struggling with a lack of resources, has become a state-
sponsored strand. The study presents the differences by analyzing the accounting
statements of different types of sports organizations and by using economic data from
sports companies. Economic data were collected from the organizations' publicly available
accounting and financial reports. The incredible change is illustrated by the fact that the
per capita income of nonprofit sports organizations increased nearly fivefold between 2011
and 2017. Financing through the corporate tax system, which is a special Hungarian
subsidy system, is well reflected in the revenues of the sports federations concerned. The
total revenue of the six affected sports federations increased from HUF 12 billion in 2011
to HUF 58 billion. Furthermore, accounting reports highlight the fact that NGOs in the
sports sector have a special asset structure. This is reflected in the ratio of accrued
expenses and funds.