Managing director Ian Ayre said Liverpool, who meet Chelsea in the FA Cup final at Wembley on Saturday, were now in a much stronger position following the takeover by U.S. businessman John W Henry's Fenway Sports Group in October 2010.
The new owners have wiped out debts of 200 million pounds and cut annual interest charges from 18 million to three million pounds, Ayre added.
"I think people will probably focus on the headline which is there has been a 49-50 million pound loss in these accounts," Ayre told the club's website.
"But what I can say is a large majority of that is related to writing off a stadium facility where most of the cost was focused around a design for a stadium which many fans will remember as being the bigger, 70,000-seat proposition which never got built.
"Also within that 50 million or so figure were some exceptional costs around the departure of Roy Hodgson as manager and various other staff associated around that time," added Ayre.
Liverpool are guaranteed a spot in next season's Europa League but Ayre made it clear the owners had their sights fixed on a return to the Champions League as soon as possible.
"It's vital we get into that competition and it's important for this club to be in it. But from a business perspective I think we were able to demonstrate that without it we can still move forward," he said.
