Broadcasting rights to the Champions League, the flagship European club competition, were responsible for the lion's share of this income, contributing €1.12 billion (£822 million/$1.22 billion), with the Europa League generating a further €225.3 million (£165.3 million/$246 million).

Commercial rights produced a further €328.5 million (£224.1 million/$358.7 million), up from €313.2 million (£229.9 million/$342.1 million).

It not being a European Championship year, the organisation reported a net loss of €42.4 million (£31.13 million/$46.33 million), double the prior year's €21.4 million (£15.71 million/$23.38 million), but better than the €56 million (£41 million/$61 million) loss budgeted.

UEFA tends to produce a surplus in European Championship years, the next being 2016 when the tournament will be staged in France, and a deficit in intervening periods.

The body says its aim is to end each four-year cycle on a balance "close to zero".

The success of the Champions League was a major factor in UEFA's positive financial results ©Getty Images

UEFA distributed just shy of €1 billion (£734 million/$1.1 billion) to participating Champions League clubs and a further €232.5 million (£170.6 million/$254.1 million) to those making up the Europa League.

The Champions League was a big money-maker for UEFA, generating a positive net result of €137.3 million (£100.8 million/$150.1 million), up from €128 million (£94 million/$140 million) the previous year.

The Europa League, however, produced a negative net result of €21 million (£15 million/$23 million), against a negative €17.4 million (£12.7 million/$19.1 million) in 2012-2013.

Employee salaries and benefits amounted to €64.6 million (£47.4 million/$70.6 million), up from €59.8 million (£43.9 million/$65.4 million).

Total employees rose to 483 from 411.

This implies an average figure for 2013-2014 of nearly €134,000 (£98,000/$147,000) per employee, down from €145,500 (£107,000/$159,000) a year earlier.

UEFA notes, however, that while the increase in employee numbers largely relates to preparations for Euro 2016, the impact on 2013-2014 costs was "limited" due to the handling of Euro 2016 costs under its accounting principles.