Bring Dreams to Life Fíoraítear Aislingí - National Lottery

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Notes to theFinancial StatementsFor the year ended 31 December 2008Nótaí ar naRáitis AirgeadaisDon bhliain dar críoch 31 Nollaig 20085. Statutory and other information2008 2007€’000 €’0005. Eolas reachtúil agus eile2008 2007€’000 €’000Directors’ emolumentsFees 63 68Other emoluments 308 262Pension contributions 33 27Auditors’ remunerationAudit 59 55Audit related services 527 439Non - audit 5 5Operating lease rentals:Buildings 907 907Telecommunications 2,600 3,350The remuneration package of the Chief Executive which is included in theamounts shown above as Directors emoluments was as follows:2008 2007€’000 €’000Director’s fee 14 14Basic salary 230 195Non-pensionable performance related pay 58 47Taxable benefits 20 20322 276Pension contributions 33 27355 303Luach saothair na StiúrthóiríTáillí 63 68Luach saothair eile 308 262Ranníocaíochtaí pinsin 33 27Luach saothair na nIniúchóiríIniúchadh 59 55Seirbhísí a bhain leis an iniúchadh 527 439Seirbhísí nár bhain leis an iniúchadh 5 5Cíos ar léasanna oibríochta:Foirgnimh 907 907Teileachumarsáid 2,600 3,350Ba mar seo a leanas a bhí pacáiste luach saothair an Phríomhfheidhmeannaighatá cuimsithe sna figiúir thuas a thaispeántar mar luach saothair Stiúrthóirí:2008 2007€’000 €’000Táille Stiúrthóirí 14 14Buntuarastal 230 195Tuarastal neamh-inphinsin i leith feidhmíochta 58 47Sochair incháinithe 20 20322 276Ranníocaíochtaí pinsin 33 27355 3036. Staff numbers and costsThe average number of permanent staff working in the Company was asfollows:2008 2007Marketing and distribution 36 34Administration 56 49The aggregate payroll costs were as follows:92 832008 2007€’000 €’000Wages and salaries 6,335 5,555Social welfare costs 270 205Other pension costs 837 7537,442 6,513Costs in respect of the staff working in the Company are charged from An Postat cost.In addition, the Company recognised costs of 2008: €Nil (2007: €500,000)with respect to organisational restructuring costs during the year.6. Líon agus costais foirneSeo a leanas meán-líon na buanfhoirne a bhí ag obair leis an gComhlacht:2008 2007Margaíocht agus dáileachán 36 34Riarachán 56 49Seo a leanas costas comhiomlán an phárolla:92 832008 2007€’000 €’000Pá agus tuarastail 6,335 5,555Costais leasa sóisialta 270 205Costais eile pinsin 837 7537,442 6,513Gearrann An Post costas na foirne atá ag obair leis an gComhlacht ar costas.De bhreis air sin, d’aithin an Comhlacht costais 2008: € Faic (2007: €500,000)a bhain le costais athstructúraithe eagraíochta le linn na bliana.44National Lottery Annual Report 2008
Notes to theFinancial StatementsFor the year ended 31 December 2008Nótaí ar naRáitis AirgeadaisDon bhliain dar críoch 31 Nollaig 20087. Tangible Fixed AssetsDraw andLeasehold Computer OtherImprovements Equipment Equipment Total€’000 €’000 €’000 €’000COSTAt 31 December 2007 2,992 2,011 11,655 16,658Additions during year 2,783 172 6,221 9,176Disposals during year (916) – (170) (1,086)At 31 December 2008 4,859 2,183 17,706 24,7487. Sócmhainní Seasta InláimhsitheTrealamh TrealamhFeabhsuithe Ríomhair- CrannchuirLéasachta eachta agus Eile Iomlán€’000 €’000 €’000 €’000COSTASAr 31 Nollaig 2007 2,992 2,011 11,655 16,658Breiseanna le linn na bliana 2,783 172 6,221 9,176Diúscairteanna le linn na bliana (916) – (170) (1,086)Ar 31 Nollaig 2008 4,859 2,183 17,706 24,748Review of the YearAthbhreithniú ar an mBliainREIMBURSEMENT FROM NATIONAL LOTTERY FUNDAt 31 December 2007 2,992 2,011 11,655 16,658Additions during year 2,783 172 6,221 9,176Disposals during year (916) – (170) (1,086)At 31 December 2008 4,859 2,183 17,706 24,748NET BOOK VALUEAt 31 December 2007 and 2008 – – – –CÚITEAMH Ó CHISTE AN CHRANNCHUIR NÁISIÚNTAAr 31 Nollaig 2007 2,992 2,011 11,655 16,658Breiseanna le linn na bliana 2,783 172 6,221 9,176Diúscairteanna le linn na bliana (916) – (170) (1,086)Ar 31 Nollaig 2008 4,859 2,183 17,706 24,748LEABHARLUACH GLANAr 31 Nolliag 2007 agus 2008 – – – –GovernanceRialachas8. Fixed Assets - Financial Assets€’0008. Sócmhainní Seasta - Sócmhainní Airgeadais€’000COSTAt beginning and end of year 7On 8 September 2004 and to facilitate the introduction of the EuroMillionsgame in Ireland, An Post National Lottery Company purchased 7,400 €1shares, a 2% interest, in the EuroMillions operating company, Services auxLotteries en Europe SCRL for €7,400.In the opinion of the Directors, the recoverable amount of financial fixedassets is not less than their net book value.9. StocksStocks comprise Scratch Card ticket stocks held for resale. The replacementcost of stocks is not considered to be materially different to its carrying value.10. Debtors2008 2007€’000 €’000Trade debtors 20,926 18,622Prepayments and accrued income 1,370 1,479Cash held in trust 8,059 10,53130,355 30,632As required by the EuroMillions Agreement entered into on 8 September 2004and in order to facilitate the introduction of the EuroMillions game in Irelandand the on-going payment of prizes, An Post National Lottery Company hasplaced cash on deposit with approved financial institutions. The money is heldin trust by The Law Debenture Trust Corporation and is not freely available tothe Company for use in the operation of its business. This amount includesa deposit to provide security to other EuroMillions participants for theCompany’s prize payment obligations. This amount (or the relevant part) willbe repayable to the Company in accordance with the EuroMillions agreement,in a period which is greater than one year.All other debtors fall due within one year.COSTASAg tús agus ag deireadh na bliana 7Chun tabhairt isteach an chluiche EuroMillions go hÉirinn a éascú cheannaighCrannchur Náisiúnta an Phoist 7,400 scair €1, sciar 2%, i gcuideachta oibríochEuroMillions, Services aux Lotteries en Europe SCRL ar €7,400 ar 8 MeánFómhair, 2004.Tá na Stiúrthóirí den tuairim nach lú luach inghnóthaithe na sócmhainníseasta airgid ná a leabharluach glan.9. StoicÁirítear mar stoic na ticéid do thob-chluichí atá á gcoinneáil le hathdhíol.Meastar nach bhfuil aon difríocht ábhartha idir luach athsholáthair stoic agusa luach reatha.10. Féichiúnaithe2008 2007€’000 €’000Féichiúnaithe trádála 20,926 18,622Réamhíocaíochtaí agus ioncam fabhraithe 1,370 1,479Airgead faoi iontaobhas 8,059 10,53130,355 30,632Mar a éilítear faoi chomhaontú EuroMillions, ar glacadh leis ar 8 MeánFómhair, 2004, agus chun tabhairt isteach chluiche EuroMillions go hÉirinnmaille le híoc leanúnach duaiseanna a éascú, chuir Crannchur Náisiúnta anPhoist airgead i dtaisce in institiúidí údaraithe airgeadais. Tá an t-airgeadseo faoi iontaobhas ag an Law Debenture Trust Corporation agus níl teachtgo neamhshrianta ag an gComhlacht air le húsáid in oibriú a ghnó. Áirítear satsuim seo airgead i dtaisce mar urrús do rannpháirtithe eile EuroMillions i leithoibleagáidí íocaíocht duaise an Chomhlachta. Tá an tsuim seo (nó an chuidábhartha di) inaisíoctha leis an gComhlacht, faoi réir téarmaí chomhaontúEuroMillions, taobh istigh de thréimhse ar mó í ná bliain amháin.Tá na féichiúnaithe eile go léir le híoc taobh istigh de bhliain amháin.FinanceAirgeadasTuarascáil Bhliantúil an Chrannchuir Náisiúnta 2008 45
Page 4 and 5: Financial HighlightsBuaicphointí A
Page 6 and 7: A Year ofWinning WaysBliain na mBua
Page 8 and 9: Our GamesÁr gCluichíLottoLotto sa
Page 10 and 11: Review of OperationsAthbhreithniú
Page 12: Review of OperationsAthbhreithniú
Page 17: In September the National Lottery l
Page 24: Review of OperationsAthbhreithniú
Page 27 and 28: ManagementAn BhainistíochtNiamh Mc
Page 29 and 30: Report of the DirectorsTuarascáil
Page 37 and 38: Statement of Directors’Responsibi
Page 39 and 40: Report of theIndependent Auditorsto
Page 41 and 42: Statement ofAccounting PoliciesFor
Page 43 and 44: Balance SheetAt 31 December 2008Cl
Page 45: Notes to theFinancial StatementsFor
Page 49 and 50: Notes to theFinancial StatementsFor
Page 51 and 52: Glennon Print FSC Logo options Mixe

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