Sports Sector in Focus Changes in the Economic Data of Sports Organizations

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.