Annual Reports - RTÉ

ANNUAL REPORT & GROUP FINANCIAL STATEMENTS 2007
Group Cash Flow Statement
for the year ended 31 December 2007
Notes 2007 2006
€’000 €’000
Cash flows from operating activities
Surplus for the year after tax 26,429 17,948
Adjustments for:
Depreciation of property, plant and equipment 17,857 16,534
Amortisation of intangible assets 988 552
(Gain)/loss on disposal of property, plant and equipment (5) 152
Difference between pension charge and cash contributions 6,209 5,978
Net finance income (19,423) (16,189)
Income tax expense/(credit) 3,154 (937)
35,209 24,038
Change in inventories (2,195) 4,973
Change in trade and other receivables (4,208) (4,374)
Change in prepayments (7,259) 3,265
Change in trade and other payables 6,294 (1,199)
Change in taxation and social welfare (191) 925
Change in provisions and employee benefits 3,574 (2,017)
Net cash from operating activities 31,224 25,611
Cash flows from investing activities
Cash disposed of on discontinued operation 6 (3,568) -
Interest received 3,865 1,538
Proceeds from sale of property, plant and equipment 43 29
Acquisition of property, plant and equipment (20,026) (11,657)
Acquisition of intangible assets (2,706) (1,955)
Net cash used in investing activities (22,392) (12,045)
Cash flows from financing activities
Increase in liquid investments (3,972) (23,165)
Net cash used in financing activities (3,972) (23,165)
Net increase/(decrease) in cash and cash equivalents 4,860 (9,599)
Cash and cash equivalents at 1 January 11,870 21,469
Increase/(decrease) in cash and cash equivalents 4,860 (9,599)
Cash and cash equivalents at 31 December 16,730 11,870
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