Information from Cairngorm Mountain, Cairngorm Mountain Scotland accounts Revenue Capital Year end support HIE grant balance Profit/loss Accounting period Turnover Financial notes Snowsport numb Key events 30/04/2001 £ 1,773,733 Nil -£ 857,643 -£ 1,750,832 Parent CM Trust Ltd 30/04/2002 £ 1,639,015 Nil -£ 1 ,875,468 -£ 3,176,300 Debt servicing costs v high 23/12/01 funicular opens 30/04/2003 £ 2,636,431 Nil -£ 1 ,245,987 -£ 4,386,287 30/04/2004 £ 3,099,161 Nil -£ 612,492 -£ 4,962,779 58,500 30/04/2005 £ 2,976,470 Nil £ 27,659 -£ 4,853,401 Lease & debt charge reduced 55,586 30/04/2006 £ 3,295,431 Nil £ 32,314 -£ 5,416,087 Balance adjusted 55,000 30/04/2007 £ 2,818,138 Nil -£ 262,553 -£ 5,489,640 38,553 30/04/2008 £ 3,595,933 Nil £ 173,667 -£ 5,264,973 Reduced rent & interest 62,000 Transfer FC fell through 30/03/2009 £ 3,223,461 Nil -£ 42,728 -£ 951,272 BoS & HC write off loans 65,000 16/5/08 HIE takes over CML 30/03/2010 £ 4,802,292 Nil £ 553,152 -£ 186,120 145,000 30/03/2011 £ 5,175,500 Nil £ 439,128 £ 217,008 121,000 30/03/2012 £ 3,139,334 Nil -£ 440,509 -£ 252,501 Admin expenses 87.2% revenue 66,463 30/03/2013 £ 4,388,402 Nil £ 382,819 -£ 7 3,682 113,000 30/03/2014 £ 4,448,816 -£ 75,618 £ 307,700 Capital injection £450k 77,430 30/03/2015 £ 4,331,828 £ 466,216 £ 504,916 76,588 CML sold to Natural Assets Investmnt Ltd 31/12/2015 £ 2,050,393 -£ 1 ,248,244 -£ 776,328 9 month financial year 31/12/2016 £ 4,749,982 Nil -£ 316,578 -£ 1,092,906 67000 31/12/2017 £ 3,547,475 Nil -£ 1 ,006,969 £ 2,099,875 21267 No accounts 59,003 Funicular ceases operate, HIE buys back CML 31/03/2020 £ 1,165,836 £ 400,000 -£ 1 ,006,819 £ 5 4,133 Loan repayable 1 year CMSL incorp 26/11/18. 16 month accounts. £ 505,625 Revenue grant 20th March 1st Covid lockdown £ 1 ,060,952 Share capital 5 31/03/2021 £ 215,736 £ 1 ,941,082 Nil £ 4,133 Incl c£300k Covid Job Retention grant 26/12/20 2nd Covid lockdown 31/03/2022 £ 1,773,454 £ 1 ,141,927 Nil £ 5 4,133 Inc £47,203 Covid JRG 26/04/21 Resort re-opens 31/03/2023 £ 3,067,171 £ 1 ,255,559 £ 5 4,133 31/03/2024 £ 2,704,756 £ 2 ,060,493 £ 261,864 Nil £ 5 4,133 Incl deferred capital grant 24/8/23 funicular closes 31/03/2025 £ 1,699,215 £ 2 ,547,929 £ 304,442 Nil £ 5 4,133 Incl deferred capital grant 27/2/25 funicular re-opens Notes 1) Profit/loss includes operational profit/loss and administrative expenses 2) For capital expenditure see submission by David Farquharson to PAC
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