Here - RTÃ
Here - RTÃ
Here - RTÃ
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ANNUAL REPORT & GROUP FINANCIAL STATEMENTS 2008<br />
RTÉ Cash Flow Statement<br />
for the year ended 31 December 2008<br />
Notes 2008 2007<br />
€’000 €’000<br />
Cash Flows from Operating Activities<br />
(Deficit) / Surplus for the year (8,721) 17,975<br />
Adjustments for:<br />
Depreciation of property, plant and equipment 8 14,774 12,448<br />
Amortisation of intangible assets 9 975 953<br />
Gain on disposal of property, plant and equipment (21) (4)<br />
Difference between pension charge and cash contributions 4,613 6,209<br />
Net finance income (8,145) (19,372)<br />
Income tax (credit) / expense (9,956) 1,504<br />
(6,481) 19,713<br />
Change in inventories 2,815 (2,141)<br />
Change in trade and other receivables 8,098 (3,519)<br />
Change in prepayments 7,798 (7,564)<br />
Change in trade and other payables 3,970 (22,305)<br />
Change in taxation and social welfare (1,941) (744)<br />
Change in provisions and employee benefits (407) 3,453<br />
Net Cash from / (used in) Operating Activities 13,852 (13,107)<br />
Cash Flows from Investing Activities<br />
Interest received 3,251 3,864<br />
Proceeds from sale of property, plant and equipment 40 34<br />
Increase in investment in subsidiaries - (14,472)<br />
Acquisition of property, plant and equipment (23,160) (11,468)<br />
Acquisition of intangible assets (1,207) (2,566)<br />
Net Cash used in Investing Activities (21,076) (24,608)<br />
Cash Flows from Financing Activities<br />
Decrease in liquid investments 31,923 37,510<br />
Net Cash from Financing Activities 31,923 37,510<br />
Net increase / (decrease) in cash and cash equivalents 24,699 (205)<br />
Cash and cash equivalents at 1 January 11,369 11,574<br />
Increase / (decrease) in cash and cash equivalents 24,699 (205)<br />
Cash and Cash Equivalents at 31 December 13 36,068 11,369<br />
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