Mr T
Well-Known Member
It's interesting to consider the following financial figures from the Scottish Charities Commission website summaries:
2009: £300k surplus
2010: £500k deficit
2011: £700k deficit
2012: £1.5m surplus!
2013: Not filed on site yet (which is a shame as they'd make very interesting reading regarding the financial success, or otherwise, of the Panda rentals.
It's interesting to note that there's not been any significant noticeable improvements or new exhibits (Meerkat enclosure aside) since the Penguin enclosure was (very well) re-furbished over two years ago. If they are running a surplus from the Pandas it's not immediately obvious what the spare money's being spent on.
I wouldn't be surprised if the zoo is holding back some of the money they have made for a little while. There's no point in spending all their 'profit' from the pandas on new exhibits straight away when they have another 6 years paying for the pandas. If they spend all the money they have got and then there's a sudden drop off in visitors they could end up in the red because they've spent their 'profit'. I think they are keeping some money back just incase and I think that it's a rather sensible approach to be honest.