It's that time of year again - the Guardian's review of the annual Premier League accounts is here. It shows that in 2012-13, the 20 top-flight clubs generated a record-beating combined income of 2.7bn, however collectively the Premier League clubs made a loss of £291m.

Despite this, players and other staff have done well - the wage bill for Premier League clubs totalled a record £1.8bn in 2012-13, up 11% on the previous year. David Conn writes today:

Players earning multi-million pound salaries were again football's clear financial winners, in a year when the clubs made a record £2.7bn combined income, yet nevertheless made a loss overall, of £291m.

Of the 20 clubs which were in the Premier League in 2012‑13, the year of most clubs' latest published accounts, 12 made a loss (compared with 10 in 2011-12). Five clubs lost £50m or more: Aston Villa, Chelsea, Liverpool, Manchester City and Queens Park Rangers. All eight clubs that recorded a profit in the 2011-12 accounts also reported a profit in 2012-13.

Arsenal, which had the largest profit of all the Premier League clubs in 2011-12at £37m, has seen their profits drop significantly to £7m in 2012-13.

Swansea City reported the largest profit with £21m followed by Newcastle United with £10m profit before tax. Queens Park Rangers made the biggest loss, £65m before tax.

Manchester United recorded the highest turnover of any of the Premier League clubs in 2012-13 at £363m, while Wigan had the lowest turnover. Arsenal had the second highest turnover, with £283m.

Click on the chart above to explore turnover by club and use the drop down menu to sort by the amount spent on wages and wages as a proportion of turnover.

Looking at wages and finishing position in the 2012-13 Premier League, Swansea City once again punched above their weight. They finished ninth in the league with the leanest wage bill (£49m) bar Reading and Wigan Athletic. Queen Park Rangers' wage bill, at £78m, was the seventh highest of all the Premier League clubs - but they finished bottom of the league. Aston Villa also performed poorly despite shelling out, coming 15th in the league with the eighth highest wage bill at £72m.

Norwich City, West Bromwich Albion and Swansea City were the only clubs without any debt. Roman Abramovich's club was once again the most indebted with a net debt of £958m in 2012-13.

You can see the net debt by club in the Datawrapper chart above. Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank.

Manchester United topped the league on gate and matchday income, raking in £109m. Arsenal, Chelsea and Liverpool were the next biggest earners on gate and matchday income taking £318m between them, more than the next 16 clubs put together.

You can find the financial figures for 2012-13 for the 20 clubs in the downloadable spreadsheet below. The table below is a calculation of Premier League position 2012-13 minus wage bill (as ranked in the second column, from highest to lowest).

The second table below is an edited table of the full accounts and only shows three of the turnover revenues; gate and matchday, TV and broadcasting and commercial. The full list including other streams of revenue can be found in the spreadsheet along with further data and information by club.

• All data was researched and compiled by sports writer, David Conn from the most recently published annual reports at Companies House. Financial figures for 2012-13, for the 20 clubs which were in the Premier League during 2012-13. Net debt is as stated in the accounts; debts minus cash held at the bank. The separate categories of turnover are rounded down or up, so added together do not always tally with the total turnover figure.

Data summary

How do wages compare to Premier League position? Team Wage Bill, £m (2012-13) Premier League position (2012-13) Wage Bill, Ranked highest to lowest League position-wage bill rank Manchester City 233 2 1 1 Manchester United 181 1 2 -1 Chelsea 179 3 3 0 Arsenal 154 4 4 0 Liverpool 132 7 5 2 Tottenham Hotspur 96 5 6 -1 Queens Park Rangers 78 20 7 13 Aston Villa 72 15 8 7 Fulham 67 12 9 3 Everton 63 6 10 -4 Newcastle United 62 16 11 5 Stoke City 60 13 12 1 Sunderland 58 17 13 4 West Ham United 56 10 14 -4 West Bromwich Albion 54 8 15 -7 Norwich City 51 11 16 -5 Swansea City 49 9 17 -8 Southampton 47 14 18 -4 Reading 46 19 19 0 Wigan Athletic 44 18 20 -2

Premier League club accounts 2012/13 Team Turnover, £m (2012-13) Gate and Matchday income, £ income TV and Broadcasting, £m Commercial, £m Net Debt, £m Arsenal 283 93 86 44 93 Aston Villa 84 13 46 16 189 Chelsea 260 71 105 84 958 Everton 86 17 56 6 45 Fulham 73 12 49 1 Liverpool 206 45 64 98 114 Manchester City 271 40 88 143 54 Manchester United 363 109 102 153 295 Newcastle United 96 28 51 17 133 Norwich City 75 12 50 8 Nil; £7m net cash in bank Queens Park Rangers 61 8 43 4 177 Reading 59 9 44 5 38 Southampton 72 17 47 7 19 Stoke City 67 7 46 36 Sunderland 76 13 45 78 Swansea City 67 10 51 6 Nil; £4m cash in bank Tottenham Hotspur 147 33 57 57 55 West Bromwich Albion 70 7 53 7 n/a West Ham United 91 18 52 14 77 Wigan Athletic 56 5 44 12

• DATA: download the full spreadsheet

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