|
for the year ended 31 December 2005
 |
|
2005 |
2004 |
| |
 |
 |
 |
 |
 |
 |
 |
| |
Notes |
Under
SSAP24 |
FRS 17
impact 1 |
Total |
Under
SSAP24 |
FRS 17
impact 1 |
Total
(as restated) |
| |
|
€’000 |
€’000 |
€’000 |
€’000 |
€’000 |
€’000 |
| |
|
|
|
|
|
|
|
| Revenue |
1 |
369,888 |
- |
369,888 |
342,882 |
- |
342,882 |
| Operating costs before interest, tax, depreciation and amortisation |
|
(346,338) |
(5,009) |
(351,347) |
(315,308) |
(3,831) |
(319,139) |
Operating costs of STnaG, net of revenue |
 |
(1,146) |
- |
(1,146) |
- |
- |
- |
| |
|
|
|
|
|
|
|
| Operating surplus before interest, tax, depreciation and amortisation |
|
22,404 |
(5,009) |
17,395 |
27,574 |
(3,831) |
23,743 |
| |
|
|
|
|
|
|
|
| Depreciation and amortisation |
|
|
|
|
|
|
|
| Continuing operations, excl. STnaG |
7 |
(15,177) |
- |
(15,177) |
(15,672) |
- |
(15,672) |
| STnaG depreciation, net of capital grant amortisation |
7 |
(778) |
- |
(778) |
- |
- |
- |
| Write-down of plant and equipment/ fixtures and fittings |
3 |
- |
- |
- |
(8,272) |
- |
(8,272) |
Building impairment charge |
3 |
- |
- |
- |
(10,767) |
- |
(10,767) |
| |
|
|
|
|
|
|
|
| |
|
6,449 |
(5,009) |
1,440 |
(7,137) |
(3,831) |
(10,968) |
| |
|
|
|
|
|
|
|
| Gain on disposal of tangible fixed assets |
|
104 |
- |
104 |
31 |
- |
31 |
| Gain on disposal of financial assets |
11 |
505 |
- |
505 |
- |
- |
- |
| Excess of insurance proceeds received by STnaG over related asset values |
7 |
1,075 |
- |
1,075 |
- |
- |
- |
Gain on disposal of surplus transmitter site before capital gains tax |
4 |
- |
- |
- |
16,588 |
- |
16,588 |
| |
|
|
|
|
|
|
|
| Surplus before interest and tax |
|
8,133 |
(5,009) |
3,124 |
9,482 |
(3,831) |
5,651 |
| Interest receivable and similar income |
5 |
1,597 |
- |
1,597 |
1,160 |
- |
1,160 |
| Interest payable and similar charges |
6 |
(445) |
- |
(445) |
(571) |
- |
(571) |
Other finance income |
5,16 |
- |
12,185 |
12,185 |
- |
15,730 |
15,730 |
| |
|
|
|
|
|
|
|
Surplus on ordinary
activities before taxation |
7 |
9,285 |
7,176 |
16,461 |
10,071 |
11,899 |
21,970 |
| |
|
|
|
|
|
|
|
| Tax on surplus on ordinary activities |
|
|
|
|
|
|
|
| Corporation tax on surplus on ordinary activities |
9 |
- |
- |
- |
- |
- |
- |
| Capital gains tax arising on gain on disposal of surplus transmitter site |
4 |
- |
- |
- |
(3,266) |
- |
(3,266) |
 |
 |
 |
 |
 |
 |
 |
 |
Surplus for the year |
 |
9,285 |
7,176 |
16,461 |
6,805 |
11,899 |
18,704 |
| |
|
|
|
|
|
|
|
| 1 : See note 16. |
|
|
|
|
|
|
|
All revenues and the surplus on ordinary activities before interest arose from continuing operations.
On behalf of the Authority
| Mary Finan |
Chairman |
| Cathal Goan |
Director-General |
| Paddy Marron |
Authority Member and Chairman of the Audit Committee |
|