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ANNUAL REPORT & GROUP FINANCIAL STATEMENTS 2008<br />
Financial History<br />
IFRS IFRS IFRS Irish GAAP Irish GAAP<br />
2008 2007 2006 2005 2004<br />
€’000 €’000 €’000 €’000 €’000<br />
INCOME STATEMENT<br />
Television Licence Fees 200,852 195,699 182,835 170,131 166,164<br />
Commercial income 239,908 245,453 222,186 199,757 176,718<br />
Total revenue 440,760 441,152 405,021 369,888 342,882<br />
Operating costs (460,510) (430,189) (403,660) (366,764) (337,231)<br />
(Deficit) / Surplus before financing and tax (19,750) 10,963 1,361 3,124 5,651<br />
Finance income 5,363 3,970 2,392 1,597 1,160<br />
Finance expense (764) (1,534) (1,227) (445) (571)<br />
Net defined benefit pension related finance income 5,725 16,184 14,485 12,185 15,730<br />
(Deficit) / Surplus before income tax (9,426) 29,583 17,011 16,461 21,970<br />
Income Tax credit / (expense) 9,459 (3,154) 937 - (3,266)<br />
Surplus for the year after tax 33 26,429 17,948 16,461 18,704<br />
BALANCE SHEET<br />
Non-current and current assets<br />
Property, plant and equipment 108,931 79,096 80,012 91,690 93,643<br />
Intangible assets 4,973 4,515 3,346 - -<br />
Financial assets - - - - 1,615<br />
Pension asset - 17,535 13,872 3,253 3,217<br />
Inventories 41,314 44,387 41,453 - -<br />
Other assets 134,418 175,922 154,855 130,168 119,515<br />
Total assets 289,636 321,455 293,538 225,111 217,990<br />
Non-current and current liabilities<br />
Employee benefits - restructuring provision 16,343 17,439 20,510 26,994 33,589<br />
Deferred tax liability - 10,365 11,471 - -<br />
Capital grants - - - 13,370 14,663<br />
Pension liability 86,617 - - - -<br />
Other liabilities 112,413 112,922 100,487 89,200 83,512<br />
Total liabilities 215,373 140,726 132,468 129,564 131,764<br />
Equity 74,263 180,729 161,070 95,547 86,226<br />
Total equity and liabilities 289,636 321,455 293,538 225,111 217,990<br />
CASH FLOW<br />
Net cash generated from operating activities 18,437 31,224 25,611 20,690 30,821<br />
Net cash flow from (acquisition)/disposal of property,<br />
plant, equipment and intangible assets (45,907) (22,689) (13,612) (10,710) 7,022<br />
EMPLOYEE HEADCOUNT<br />
RTÉ (excl. TG4) 2,351 2,307 2,283 2,239 2,133<br />
TG4 - - - 107 110<br />
Total at 31 December 2,351 2,307 2,283 2,346 2,243<br />
91
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