Bundesliga club Bayern Munich "released its financial numbers for the '11-12 season and presented a record-breaking revenue of €373.4M ($477.3M)," according to Mario Volpe of BILD. The club's profit "after taxes was €11.1M ($14.2M)." The club will distribute a record dividend of €5.5M ($7M) to its shareholders. Bayern CFO Karl Hopfner said, "We were able to increase our equity capital to more than €278.3M ($355.7M). This equals an equity ratio of 77% -- a probably unique value in the world of football. I think the members of FC Bayern can be proud of their club" (BILD, 11/15). In Munich, Jonas Beckenkamp reported the club "presented its highest-revenue in 112 years of existence." The €373.4M represents the combined revenue of the club and its home stadium, the Allianz Arena. Without the arena, the club generated €332.2M ($424.6M) in revenue. Following the presentation of the club's financial numbers, Bayern President Uli Hoeneß was re-elected by the members at the club's annual general meeting (SÜDDEUTSCHE ZEITUNG, 11/15).