The GAA has published its annual accounts for 2012 and the figures show an overall increase in revenue of nearly €6m, up from €46m in 2011 to €52.7m for the financial year ended 2012.

The increase can, in part, be attributed to a longer financial year in 2012 but there was also a marked increase in revenues generated from gate receipts.

Income from gate receipts last year was up €2.5m to €26.7m

The All-Ireland hurling final replay between Kilkenny and Galway generated a financial windfall of €2.8m

Attendance figures for matches in the All-Ireland series in both codes were up 12% - or by 80,000 overall.

The average attendance for games in the football and hurling championships was just over 16,000. 

Speaking after the publication of the figures, the GAA’s Financial Director, Tom Ryan, was pleased to report, despite fears to the contrary, that 2012 proved to be a year of “solid financial performance at central level”.

Speaking to, Ryan said: "The number of people going to games last summer was by and large unchanged from 2011 and the revenues that we earned were only marginally down

"On both of those fronts it’s a stable year and in the current environment in which we are operating stable is a positive. We are very happy in that regard."

“The cost of running the Association absorbs about 16% of every Euro that is paid through the turnstiles. After that, 17 % went on capital projects.”

Included in the GAA costs are payments to provinces, counties and other units, which amount to €11.3m, an increase in funding for Games Development of €1m to €10m and an increased spend on Player Welfare Projects (from 2.9m to 3.5m), most of which relates to the Player Injury Scheme.