Glastonbury Nets £764,000

Artist fees, production, security and administrative expenses wiped out more than 95 percent of the festival’s income.

The 140,000-capacity selllout event in 2013 had The Rolling Stones, Arctic Monkeys, Dizzee Rascal, Primal Scream, Nick Cave & The Bad Seeds, and Vampire Weekend. Among the costs were various payments to companies linked with Glastonbury chief Michael Eavis, which totalled £2.6 million ($4.2 million) and included compensation for loss of the farm’s earnings, site rent, Pyramid stage hire, staff costs and management fees.

During the year Eavis’s business also gave £348,000 ($561,000) in charitable donations. In 2012 the festival firm lost £544,000 ($887,000), when Eavis gave the festival a fallow year to avoid clashing with the London Olympics.

In 2011, the festival made a profit of £1.8 million on revenues of £32 million.

The accounts also show that by the end of 2013, Glastonbury was sitting on £6.58 million ($10.6 million) from ticket sales for this year’s event, which was June 25-29 and had a lineup that included Arcade Fire, Dolly Parton, Kasabian, Pixies, Elbow, Jack White, The Black Keys, Skrillex, Jake Bugg, Kaiser Chiefs, and London Grammar.

Tickets for Glastonbury 2015 went on sale a week ago at £225 ($363), with all 135,000 sold in a record-breaking 27 minutes. So far no acts have been announced but the rumour mill is saying Queen and Fleetwood Mac could be among the headliners.