DUNDEE FC DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2015

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The board have received and approved the audited accounts and are pleased to publish financial results for the year ending May 31 2015. The results reflect the investment made during the year in the playing staff, youth development and the infrastructure of the club. The loss for the year was £197k, a £600k improvement from last season and in line with the budgets set for the year.

There was considerable increase in the turnover for the year to just over £4m compared with £2.3m in 2014. All areas of the club’s income showed an improvement, with gate receipts including season tickets up 128% and league income including television up by 81%.

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The return to the Premiership also meant an increase in the wages at the club. These increased by 58% although the wage-to-turnover ratio decreased by 7% to 73%.

The board continue to seek and obtain increased trading revenues to allow further investment in all aspects of club operations.

The board are also pleased to announce that in October 2015, Dundee Football Club introduced the living wage for all members of its full time staff.

The continued financial support of the major shareholder FPS is appreciated by the board, as this provides the stability necessary for running a successful football club and contributes to our quest for sustained excellence.

Finally, the directors would like to thank all the other stakeholders at the club, including supporters and staff, whose contributions are vital for the long term success of the club.