Annual Reports - RTÃ
Annual Reports - RTÃ
Annual Reports - RTÃ
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ANNUAL REPORT & GROUP FINANCIAL STATEMENTS 2007<br />
Financial History<br />
IFRS IFRS Irish GAAP Irish GAAP Irish GAAP<br />
2007 2006 2005 2004 2003<br />
€’000 €’000 €’000 €’000 €’000<br />
INCOME STATEMENT<br />
Television Licence Fees 195,699 182,835 170,131 166,164 157,425<br />
Commercial income 245,453 222,186 199,757 176,718 155,247<br />
Total revenue 441,152 405,021 369,888 342,882 312,672<br />
Operating costs (430,189) (403,660) (366,764) (337,231) (310,650)<br />
Surplus before financing and tax 10,963 1,361 3,124 5,651 2,022<br />
Finance income 3,970 2,392 1,597 1,160 1,055<br />
Finance expense (1,534) (1,227) (445) (571) (816)<br />
Net defined benefit pension related finance income 16,184 14,485 12,185 15,730 See note 1<br />
Surplus before income tax 29,583 17,011 16,461 21,970 2,261<br />
Tax (3,154) 937 - (3,266) -<br />
Surplus for the year after tax 26,429 17,948 16,461 18,704 2,261<br />
BALANCE SHEET<br />
Non-current and current assets<br />
Property, plant and equipment 79,096 80,012 91,690 93,643 118,019<br />
Intangible assets 4,515 3,346 - - -<br />
Financial assets - - - 1,615 1,615<br />
Pension asset 17,535 13,872 3,253 3,217 51,546<br />
Inventories 44,387 41,453 - - -<br />
Other assets 175,922 154,855 130,168 119,515 87,405<br />
Total assets 321,455 293,538 225,111 217,990 258,585<br />
Non-current and current liabilities<br />
Employee benefits - restructuring provision 17,439 20,510 26,994 33,589 42,792<br />
Deferred tax liabilities 10,365 11,471 - - -<br />
Capital grants - - 13,370 14,663 16,081<br />
Other liabilities 112,922 100,487 89,200 83,512 71,962<br />
Total liabilities 140,726 132,468 129,564 131,764 130,835<br />
Equity 180,729 161,070 95,547 86,226 127,750<br />
Total equity and liabilities 321,455 293,538 225,111 217,990 258,585<br />
CASH FLOW<br />
Net cash generated from operating activities 31,224 25,611 20,690 30,821 24,842<br />
Net cash flow from (acquisition)/disposal of property, plant,<br />
equipment and intangible assets (22,689) (13,583) (10,710) 7,022 (10,013)<br />
EMPLOYEE HEADCOUNT<br />
Establishment before regularisations 1,994 1,970 1,926 1,820 1,712<br />
Retrospective estimate of staff previously engaged as contractors 313 313 313 313 313<br />
RTÉ (excl. TG4) 2,307 2,283 2,239 2,133 2,025<br />
TG4 - - 107 110 110<br />
Total at 31 December 2,307 2,283 2,346 2,243 2,135<br />
1<br />
Operating costs and surplus before financing and tax are calculated above on the basis set out prior to FRS 17.<br />
95