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RADIO TELEFÍS ÉIREANN
Notes (continued)
forming part of the Group financial statements
8 Property, Plant and Equipment
Group Land and Plant and Fixtures and Capital projects
Buildings equipment fittings in progress Total
€’000 €’000 €’000 €’000 €’000
Cost
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
Balance at 1 January 2008 54,141 162,179 2,613 8,501 227,434
Additions - - - 49,899 49,899
Reclassifications 5,128 16,417 361 (21,906) -
Disposals and retirements (136) (20,165) (130) - (20,431)
Balance at 31 December 2008 59,133 158,431 2,844 36,494 256,902
Depreciation
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
Balance at 1 January 2008 30,237 116,451 1,650 - 148,338
Depreciation for the year 4,414 15,070 486 - 19,970
Disposals and retirements (126) (20,080) (131) - (20,337)
Balance at 31 December 2008 34,525 111,441 2,005 - 147,971
Net Book Value
At 31 December 2007 23,904 45,728 963 8,501 79,096
At 31 December 2008 24,608 46,990 839 36,494 108,931
58
RTÉ Land and Plant and Fixtures and Capital projects
Buildings equipment fittings in progress Total
€’000 €’000 €’000 €’000 €’000
Cost
Balance at 1 January 2007 47,153 83,033 2,183 6,706 139,075
Additions - - - 8,627 8,627
Reclassifications 309 11,208 190 (11,707) -
Disposals and retirements - (2,951) - - (2,951)
Balance at 31 December 2007 47,462 91,290 2,373 3,626 144,751
Balance at 1 January 2008 47,462 91,290 2,373 3,626 144,751
Additions - - - 24,724 24,724
Reclassifications 4,021 9,712 362 (14,095) -
Disposals and retirements (90) (19,272) (128) - (19,490)
Balance at 31 December 2008 51,393 81,730 2,607 14,255 149,985
Depreciation
Balance at 1 January 2007 23,819 60,721 1,163 - 85,703
Depreciation for the year 3,443 8,742 263 - 12,448
Disposals and retirements - (2,592) - - (2,592)
Balance at 31 December 2007 27,262 66,871 1,426 - 95,559
Balance at 1 January 2008 27,262 66,871 1,426 - 95,559
Depreciation for the year 4,023 10,273 478 - 14,774
Disposals and retirements (90) (19,268) (128) - (19,486)
Balance at 31 December 2008 31,195 57,876 1,776 - 90,847
Net Book Value
At 31 December 2007 20,200 24,419 947 3,626 49,192
At 31 December 2008 20,198 23,854 831 14,255 59,138
The Authority has reviewed the carrying value of property, plant and equipment and is satisfied that the values are fairly stated.