This is the highest figure earned by an international sports institution, and Real have become the first club to surpass the 500m euros barrier in the sports industry.

Members' contributions, from both annual membership and tickets, account for 9.5 percent of the total income.

Madrid's net earnings are 24.2m euros, which is 23.3 percent less than in the previous period.

This decrease is put down to increased costs arising on the security front, changes in tax regulations, hedging of contingencies and risks derived from the evolution of the economic context, as well as increased amortisation expenses from investments made.

However, the club's net debt has still dropped by 26.5 percent, to 124.7m euros.

Estimated income for the 2012-13 campaign is 516.6m euros, with net earnings of about 24.4m euros.