However its British subidiary is the key corporation as it manages the F1 team and its financial statements can be seen below. Its parent HAAS Formula LLC doesn't file publicly-available financial statements so its costs could boost the total tally. News, stories and discussion from and about the world of Formula 1. Next up was a $2.2 million (£1.8 million) charge on depreciation of the team’s assets and finally $50.2 million (£40.9 million) of administrative expenses which brings the total expenditure to just $116.7 million (£94.9 million). The best independent Formula 1 community anywhere. F1 2016 is the official videogame of the 2016 FIA FORMULA ONE WORLD CHAMPIONSHIP and features the full 2016 season calendar of 21 tracks, including the brand new Baku circuit in Azerbaijan, and the full roster of 22 drivers and 11 teams, including the new Haas F1. It incurred a $14.4 million (£11.7 million) hit on currency exchange differences when the value of the Pound plummeted following Britain’s Brexit vote. Get ready to go deeper into the world of the most prestigious motorsport than ever before. In addition, the 57 staff were paid a total of $5.3 million (£4.3 million) and the financial statements show that “other operating leases” cost the team a total of $20 million (£16.2 million). Reflecting this, the financial statements say that the team has “commitments under operating leases” and “commitments to acquire services.” The former cost $24.6 million (£20 million) whilst the latter came to $36.5 million (£29.7 million) and was reimbursed by the team’s American parent company HAAS Formula LLC. It is understood that this refers to the Ferrari engine lease and the design services supplied by Dallara.
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