Annual Reports - RTÉ

RADIO TELEFÍS ÉIREANN
Notes (continued)
forming part of the group financial statements
7 Income tax expense (continued)
Reconciliation of effective tax rate
2007 2006
€’000 €’000
Surplus excluding income tax multiplied by the
standard rate of corporation tax in Ireland of 12.5% (2006: 12.5%) 3,698 2,126
Effects of:
Exempt Licence Fee revenue - (22,855)
Income taxable at a higher rate of tax 432 299
Utilisation of trading losses arising from exempt grant-in-aid - (1,846)
Other differences, including corporation tax losses arising in the year (976) 21,339
3,154 (937)
Deferred tax recognised directly in equity
2007 2006
€’000 €’000
Relating to pension surplus (note 20) (458) (1,327)
(458) (1,327)
8 Property, plant and equipment
Group
Land Plant Fixtures Capital
and and and projects in
buildings equipment fittings progress Total
€’000 €’000 €’000 €’000 €’000
Cost
Balance at 1 January 2006 60,013 150,195 3,152 8,831 222,191
Additions - - - 15,732 15,732
Reclassifications 1,065 14,347 146 (15,558) -
Disposals and retirements (7,477) (12,965) (586) - (21,028)
Balance at 31 December 2006 53,601 151,577 2,712 9,005 216,895
Balance at 1 January 2007 53,601 151,577 2,712 9,005 216,895
Additions - 773 - 16,206 16,979
Reclassifications 561 15,959 190 (16,710) -
Disposals and retirements (21) (6,130) (289) - (6,440)
Balance at 31 December 2007 54,141 162,179 2,613 8,501 227,434
Depreciation
Balance at 1 January 2006 24,847 104,402 1,826 - 131,075
Depreciation for the year 3,112 13,163 259 - 16,534
Disposals and retirements (1,334) (8,979) (413) - (10,726)
Balance at 31 December 2006 26,625 108,586 1,672 - 136,883
Balance at 1 January 2007 26,625 108,586 1,672 - 136,883
Depreciation for the year 3,631 13,960 267 - 17,858
Disposals and retirements (19) (6,095) (289) - (6,403)
Balance at 31 December 2007 30,237 116,451 1,650 - 148,338
Net book value
At 1 January 2006 35,166 45,793 1,326 8,831 91,116
At 31 December 2006 26,976 42,991 1,040 9,005 80,012
At 31 December 2007 23,904 45,728 963 8,501 79,096
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