Annual Reports - RTÉ

ANNUAL REPORT & GROUP FINANCIAL STATEMENTS 2007RTÉ Cash Flow Statementfor the year ended 31 December 20072007 2006€’000 €’000Cash flows from operating activitiesSurplus for the year after tax 17,975 10,384Adjustments for:Depreciation of property, plant and equipment 12,448 12,071Amortisation of intangible assets 953 523(Gain)/loss on disposal of property, plant and equipment (4) 24Difference between pension charge and cash contributions 6,209 5,978Net finance income (19,372) (16,189)Income tax expense/(credit) 1,504 (834)19,713 11,957Change in inventories (2,141) 5,038Change in trade and other receivables (3,519) (4,639)Change in prepayments (7,564) 2,850Change in trade and other payables (22,305) 7,839Change in taxation and social welfare (744) 637Change in provisions and employee benefits 3,453 (2,131)Net cash from operating activities (13,107) 21,551Cash flows from investing activitiesInterest received 3,864 1,538Proceeds from sale of property, plant and equipment 34 -Increase in investment in subsidiaries (14,472) -Acquisition of property, plant and equipment (11,468) (7,112)Acquisition of intangible assets (2,566) (1,802)Net cash used in investing activities (24,608) (7,376)Cash flows from financing activitiesDecrease/(increase) in liquid investments 37,510 (23,165)Net cash from/(used in) financing activities 37,510 (23,165)Net decrease in cash and cash equivalents (205) (8,990)Cash and cash equivalents at 1 January 11,574 20,564Decrease in cash and cash equivalents (205) (8,990)Cash and cash equivalents at 31 December 11,369 11,57449