RTÉ 2020 Annual Report - RTÉ Statement of Financial Position

RTÉ Statement of Financial Position

at 31 December 2020

	Notes	2020	2019
		€’000	€’000

ASSETS
Non-Current Assets
Property, plant and equipment	9	16,049	20,311
Intangible assets	10	4,772	6,298
Investments in subsidiaries	20	65,827	65,827
Pension asset	21	150,816	110,404
Deferred tax asset	22	-	1,090
Total Non-Current Assets		237,464	203,930

Current Assets
Inventories	11	26,589	27,580
Receivables and prepayments	12	62,372	53,767
Liquid investments	13	10,000	29,000
Cash and cash equivalents	14	64,487	33,194
Derivative financial instruments	23	3	326
Total Current Assets		163,451	143,867

Total Assets		400,915	347,797

EQUITY
Retained earnings		83,791	47,127

LIABILITIES
Non-Current Liabilities
Employee benefits	18	8,679	11,413
Interest-bearing loans and borrowings	15	10,000	5,000
Trade and other payables	16	4,560	2,533
Deferred tax liability	22	4,006	-
Lease liability	27	657	1,146
Derivative financial instruments	23	79	10
Total Non-Current Liabilities		27,981	20,102

Current Liabilities
Trade and other payables	16	257,695	261,200
Lease liability	27	241	214
Taxation and social welfare	17	10,462	8,541
Employee benefits	18	20,404	10,613
Derivative financial instruments		341	-
Total Current Liabilities		289,143	280,568

Total Liabilities		317,124	300,670
Total Equity and Liabilities		400,915	347,797

On behalf of the Board

Moya Doherty

Chair

Board Member and
Chair of the Audit and
Risk Committee

Director-General

29 April 2021