31.12.2014, the equity is positive for € 35.5 million (€ 53.5 million in the first half of 2013/14) and the net debt is € 224 million (€ 188 million in the first half of 2013/14 ).
The Structure of the Balance Sheet.
Compared to June 30, 2014, total assets were down by 3.1%, to stand at 480.7 million euros (€ 482.3 in the first half of 2013/14). The presence of the stadium property makes the budget structure of Juventus, compared to that of other Italian clubs, closer to the standards of other European clubs, in fact, the weight of the total assets in "Land and buildings" is 28 , 2%.
The current active inclusive of current advances to suppliers, is lower than the current liabilities, including advances from current customers, to € 218.8 million, therefore, most likely, the investments made.
The Equity.
Stockholders' equity at December 31, 2014 was positive for € 35.5 million (€ 53.5 million in the first half of 2013/14) and 7.4% of the funds. The change from the net assets of 30 June 2014, which amounted to € 42.6 million, is due solely to the result for the period.
Equity, being positive, is in accordance with the bylaws of the Financial Fair Play.
The Net Financial Position.
If we considered the Net invested capital amounted to € 259.6 (€ 241.5 million in the first half of 2013/14), which would result in equity funds the 13.7% and the remaining 86.3% is funded by ' Net debt amounted to € 224 million (€ 188 million in the first half of 2013/14).
According to the Regulation of Financial Fair Play, the indebtedness of a financial nature, net of cash, which must be added the balance of receivables and payables from transfer rumors should not be higher than the turnover. However, you should not count the debts incurred for investments "virtuous" as the stadium.