Financial results of cultural institutions in the period January - September 2020
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Financial results of cultural institutions for 3 quarters of 2020 were lower in comparison to those achieved in similar period of the previous year. There was a decrease of total revenues by 6.8% and total costs by 10.0%. Investment outlays increased by 6.6%.
Total revenues of cultural institutions in the first 3 quarters of 2020 were lower by 6.8% than those achieved the year before and amounted to PLN 7 077.7 million. In the structure of revenues 91.9% constituted net revenues from sales of products, goods and materials, 8.0% – other operating revenues and 0.1% – financial revenues. The highest total revenues were achieved by cultural institutions in Mazowieckie Voivodship (share amounted to 26.6%).
Total costs in reported period of 2020 were lower by 10.0% than those incurred in 3 quarters of 2019 and amounted to PLN 6 394.5 million. In the structure of costs 99.2% constituted operating costs, 0.7% – other operating costs, and 0.1% – financial costs. Similarly to total revenues, the highest total costs were generated by units from Mazowieckie Voivodship (25.8%).
