Annual Reports - RTÉ

ANNUAL REPORT & GROUP FINANCIAL STATEMENTS 2007Group Cash Flow Statementfor the year ended 31 December 2007Notes 2007 2006€’000 €’000Cash flows from operating activitiesSurplus for the year after tax 26,429 17,948Adjustments for:Depreciation of property, plant and equipment 17,857 16,534Amortisation of intangible assets 988 552(Gain)/loss on disposal of property, plant and equipment (5) 152Difference between pension charge and cash contributions 6,209 5,978Net finance income (19,423) (16,189)Income tax expense/(credit) 3,154 (937)35,209 24,038Change in inventories (2,195) 4,973Change in trade and other receivables (4,208) (4,374)Change in prepayments (7,259) 3,265Change in trade and other payables 6,294 (1,199)Change in taxation and social welfare (191) 925Change in provisions and employee benefits 3,574 (2,017)Net cash from operating activities 31,224 25,611Cash flows from investing activitiesCash disposed of on discontinued operation 6 (3,568) -Interest received 3,865 1,538Proceeds from sale of property, plant and equipment 43 29Acquisition of property, plant and equipment (20,026) (11,657)Acquisition of intangible assets (2,706) (1,955)Net cash used in investing activities (22,392) (12,045)Cash flows from financing activitiesIncrease in liquid investments (3,972) (23,165)Net cash used in financing activities (3,972) (23,165)Net increase/(decrease) in cash and cash equivalents 4,860 (9,599)Cash and cash equivalents at 1 January 11,870 21,469Increase/(decrease) in cash and cash equivalents 4,860 (9,599)Cash and cash equivalents at 31 December 16,730 11,87047