hole-in-one of the Royal Spanish Golf Federation (Rfeg). The entity closed 2021 with revenue of 10.5 million eurosamount it represents a gro
hole-in-one of the Royal Spanish Golf Federation (Rfeg). The entity closed 2021 with revenue of 10.5 million eurosamount it represents a growth of 6% compared to the year of Covid-19. This amount, which does not include income derived from public subsidies, was produced thanks to the increase in income from licenses and sales.
This result meant ending the year with a net result of 1.7 million euros, 15.8% less than in the year of Covid-19as stated in its latest annual accounts published by the entity.
The 2021 academic year was a historic year for the entity, since it was placed as second federation with more licenses in Spain, just behind the Royal Spanish Football Federation (Rfef). The entity closed the year with 284,776 licenses, 4.9% more than in the year of Covid-19, thanks to the demand for outdoor sports derived from the pandemic.
The Royal Spanish Golf Federation reduced personnel and debt expenses in 2021
In the last financial year, personnel expenses fell slightly, by 3%, to three million eurosyes; while the debt with banking entities registered a decrease of 45%, to 226,000 euros. In terms of subsidies, the entity received a total of 1.3 million, of which almost one million euros came from the contribution of the Higher Sports Council (CSD).
For the current year, the entity has an income and expense budget of 11.8 million euros, which represents an increase of 11.3% of the budget made for 2020. In 2021, the entity had forecast income of 10 .7 million euros, although in the end, the figure varied thanks to the fact that the entity entered one million euros more than expected for licenses issued by the regional federations.
Licenses account for almost 80% of the entity’s income. By autonomous communities, Madrid concentrates 30.8% of the total licenses, with 87,685 federated. Andalusia follows with 48,207 licenses, which represents 16.9% of the licences, and Catalonia is in third position with 28,396 licences, a total of 9.9% of the federated.
The federation had expected income of 10.7 million euros
Among the regions that exceed 10,000 licenses are the Valencian Community with 19,791 licenses; Basque Country with 17,623 licences; Castilla and León with 13,696 licences, and Galicia with 11,455 licences. Also, the number of female licenses is currently over 79,000which represents 27.9% of all golf licenses in Spain.
The last financial year was a historic year for the entity, since the federation climbed to second place in number of licenses, surpassing the Spanish Basketball Federation, which occupies fourth position, and the Spanish Federation of Mountaineering and Climbing (Fedme ), which occupies the third position.