Financial results of cultural institutions in 1st quarter of 2020
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In 1st quarter of 2020, financial results of cultural institutions were higher than those achieved in comparable period of the previous year. Total revenues increased by 3.5% and total costs by 3.0%. Investment outlays increased by 18.0%.
Total revenues of examined cultural institutions in 1st quarter 2020 were higher by 3.5% than those achieved in 1st quarter of 2019 and amounted to PLN 2,461.4 million. In the structure of these revenues 93.5% constituted net revenues from sales of products, goods and materials, 6.4% - other operating revenues and 0.1% - financial revenues. The highest total revenues were achieved by cultural institutions in Mazowieckie Voivodship (share amounted to 25.4%), and followed by Małopolskie (11.5%) and Śląskie Voivodship (10.3%).
Total costs in the analysed period of 2020 were higher by 3.0% than incurred in 1st quarter of 2019 and amounted to PLN 2,219.3 million. In the structure of these costs 99.4% constituted operating costs, 0.5% - other operating costs and 0.1% - financial costs. As in the case of total revenues, the highest total costs were generated by entities from Mazowieckie Voivodship (25.1%).
