New Zealand Rugby League will report a 2016/17 surplus of $643,000 at the Annual General Meeting in Auckland later this month.
This year’s pleasing financial result is up from the $342,000 surplus reported last year. The Perth Test match and UK Four Nations delivered returns ahead of budget.
Reserves of $1.0 million have now been accumulated heading into the 2017 Rugby League World Cup from which NZRL receives no financial return. NZRL anticipates reporting a $1.0 million loss for the 2018 financial year which these reserves will fund, as international rugby league remains the key income source.
The international calendar for 2018-2021 has been approved by the Rugby League International Federation. There will be announcements on 2018 fixtures in the coming months which will have the Kiwis playing at home annually.
“This year’s financial surplus is pleasing,” NZRL chairman Garry Fissenden says.
“With confirmation from the RLIF that the Kiwis will host a Test in New Zealand each year, we can be confident of NZRL’s financial security going into the 2017/18 year and beyond.”