The Irish Rugby Football Union today presented its 2013/14 Annual Report and Accounts, reporting a 7.3 million euro surplus due to improved GUINNESS Series ticket sales and increased prize-monies thanks to a better than 'budgeted' finish in the RBS 6 Nations Championship and another year of strong provincial performances.
This success resulted in a smaller than expected cash deficit of €1 million (versus €4.5 million in 2012/13) after non-cash items, such as depreciation and amortised income, were accounted for.
The strong financial performance will allow for increased provincial and domestic game funding and an additional €1million investment in the Union's club loan scheme.
However, Honorary Treasurer Tom Grace urged caution based on the fragility of the wider economic recovery and the potential impact of changes to 'free-to-air' broadcasting rules and possible limitations to sports sponsorships agreements.
Presenting the accounts, Grace said: "As the economy slowly finds its feet the Irish people continue to get behind their team, and we were very pleased with the increased ticket sales for the 2013 GUINNESS Series.
"Success off the pitch was matched by big performances on it and the RBS 6 Nations prize money, in particular, has provided a welcome boost.
"The 2013/14 season demonstrated once again that supporting the national team at the Aviva (Stadium) enables the IRFU to continue to make significant funds available to the professional and domestic games."
They needed a 27-point winning margin against Scotland. They got that and more. The Ireland Women's team captured their second Women's RBS 6 Nations title in style at Broadwood Stadium - relive their Championship winning day in our exclusive video.
It was nail-biting, nerve shredding and epic! Relive Ireland's RBS 6 Nations Championship day from the squad's arrival at Murrayfield to the trophy presentation in our exclusive tunnel and pitch cam video.
Larissa Muldoon, now a two-time Women's RBS 6 Nations winner, is part of an all-Donegal half-back pairing for the Ireland Women. She spoke to Irish Rugby TV about the developing clubs in her own county.
Ireland Women's lock Orla Fitzsimons describes how she was a supporter in the stands for the 2013 Grand Slam success, and now, two years on, she has a Women's RBS 6 Nations winners' medal around her neck.
Niamh Briggs had a day to remember as she captained the Ireland Women's team to RBS 6 Nations title glory. The Waterford star, who scored the first try in the 73-3 win over Scotland, spoke to Irish Rugby TV afterwards.
Paying tribute to the Ireland supporters at Murrayfield, RBS 6 Nations winner Luke Fitzgerald said: "Thanks a million to the fans from the all guys. They were fantastic. We really felt their support out there, they were the '16th man' and helped us get over the line."
Sean O'Brien scored two tries and produced a man-of-the-match performance as Ireland beat Scotland 40-10 to finish top of the table and retain the RBS 6 Nations title. He spoke to Irish Rugby TV afterwards.
Speaking to Irish Rugby TV after the trophy presentation, RBS 6 Nations winner Robbie Henshaw said: "Words can't describe it...just the whole atmosphere, everyone in the stadium, just the way it ended out. It was pretty intense, the heart was rushing."
Enjoying the post-match celebrations at Murrayfield, RBS 6 Nations winner Rory Best said: "It's been a bit of an emotional roller-coaster, the last hour. The crowd have been absolutely incredible. We're just delighted to give something back to them."