Annual Reports - RTÉ

RADIO TELEFÍS ÉIREANNNotes (continued)forming part of the group financial statements10 Investments in subsidiariesRTÉTotal€’000Balance at 1 January 2007 51,355Additions 14,472Balance at 31 December 2007 65,827RTÉ had the following subsidiaries at 31 December 2007:Share capitalClass ofSubsidiary companies held businessRTÉ Commercial Enterprises Limited 100% Publications andother commercial activitiesRTÉ Music Limited 100% Music publishingSeirbhísí Theilifís na Gaeilge Teoranta 100% DormantRTÉ Transmission Network Limited 100% Management oftransmission network assetsRTÉ Licence Collections Limited 100% Management ofTV Licence collectionsDTT Network Company 100% DormantThe Authority considers that the fair value of the Group’s remaining investments is not less than their carrying value.All subsidiaries operate in Ireland and have their registered offices at RTÉ, Donnybrook, Dublin 4. RTÉ Music Limited is a wholly ownedsubsidiary of RTÉ Commercial Enterprises Limited.Each of the subsidiaries is audited by KPMG, RTÉ’s independent auditor.Classification of RTÉ Group activities by Integrated Business Division (IBD) and by legal entityRTÉ TELEVISION IBDRTÉ RTÉ RTÉ RTÉCommercial Music TransmissionEnterprises Limited NetworkLimitedLimitedFree-to-air broadcast of public service television schedules and channelsCommissioning and production of indigenous television programmesStatutory commissioning of programme content from independent EU producersAcquisition of domestic/non-domestic television programmesStatutory provision of non-news and current affairs programming to TG4Television advertising and sponsorship salesHire of television production facilities to third partiesProvision of broadcast circuits and technical facilities to third partiesMaintenance of Television channel archives and news libraryAdministration of RTÉ Television IBDProgramme merchandising salesSale of library and archive materialSale of programme listingsTelevision programme salesIVR/SMS telecoms revenue shareStudio production of television advertisements for third partiesNon-broadcasting advertising revenue share•••••••••••••••••64