Annual Reports - RTÃ

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RADIO TELEFÍS ÉIREANN Notes (continued) forming part of the group financial statements 4 Surplus on continuing operations before income tax The surplus on continuing operations before income tax includes the following amounts: 2007 2006 €’000 €’000 Depreciation and amortisation - Depreciation of property, plant and equipment 17,858 16,534 - Amortisation of intangible assets 988 552 Gain/ (loss) on disposal of property, plant and equipment 5 (152) Auditors’ remuneration, including expenses - audit fees 144 118 - other audit related services 65 47 - non audit work - tax advice 256 202 - corporate finance 128 83 - other services 3 57 Operating lease rentals, principally vehicles 193 374 The remuneration of Authority members and the Director-General are set out on page 36. 5 Employee information Group staff costs during the year amounted to: 2007 2006 €’000 €’000 Wages and salaries 143,050 129,047 Social welfare costs 9,479 8,727 Pension costs and life assurance 17,086 15,040 169,615 152,814 The total number of full-time, part-time and casual employees of the Group at 31 December, and their full-time equivalent (FTE) were: No. of employees Full time equivalents 2007 2006 2007 2006 RTÉ Group 2,307 2,283 2,106 2,061 The average annual number of full-time, part-time and casual employees during the year was: 2007 2006 RTÉ Group 2,319 2,239 58
ANNUAL REPORT & GROUP FINANCIAL STATEMENTS 2007 6 Discontinued operation Teilifís na Gaeilge was established as an independent statutory entity to operate the television service broadcast as TG4 on 1 April 2007, pursuant to the Teilifís na Gaeilge (Establishment Day) Order 2007, which implemented the relevant provisions of the Broadcasting Act 2001. Prior to this separation, the operations of TG4 had been conducted through Seirbhísí Theilifís na Gaeilge Teoranta, a wholly owned RTÉ subsidiary. There was no impact on the Income Statement from this separation as no amounts were recognised in the RTÉ Group Income Statement in prior years in relation to TG4. Effect of disposal on the financial position of the Group as at 31 March 2007 2007 €’000 Property, plant and equipment (9,287) Cash and cash equivalents (3,568) Trade and other receivables (1,806) Deferred tax liabilities - Trade and other payables 2,457 Capital grants 12,204 Consideration received, satisfied in cash - Cash disposed of (3,568) Net cash outflow (3,568) - 7 Income tax expense 2007 2006 €’000 €’000 Current tax expense Current corporation tax 4,718 - 4,718 - Deferred tax credit Origination and reversal of temporary differences (note 20) (1,564) (937) (1,564) (937) Income tax expense/(credit) from continuing operations 3,154 (937) Television Licence Fee income that RTÉ receives by way of grant-in-aid is subject to corporation tax with effect from 1 January 2007, in line with the notification received from Revenue in November 2006. Revenue have also sought to restrict the availability of past losses carried forward. RTÉ has challenged this approach and as the issue is ongoing no account has been taken of any potential losses forward in preparing these accounts. If a successful outcome is achieved, the group had corporation tax losses forward at 31 December 2006: €1.88 billion. 59
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Annual Reports - RTÃ