RTÉ Cash Flow Statement
for the year ended 31 December 2022
|
Notes |
2022 |
2021 |
|
|
€’000 |
€’000 |
||
|
Cash Flows from Operating Activities |
|||
|
Deficit for the year after tax |
(7,864) |
(3,416) |
|
|
Adjustments for: |
|||
|
Depreciation of property, plant and equipment |
5,536 |
4,961 |
|
|
Amortisation of intangible assets |
1,389 |
1,029 |
|
|
Impairment of intangible assets |
281 |
1,189 |
|
|
Loss on disposal of property, plant and equipment |
(13) |
(22) |
|
|
Difference between pension charge and cash contributions |
1,777 |
1,072 |
|
|
Net finance income |
(923) |
(1,440) |
|
|
Income tax expense |
(167) |
(130) |
|
|
16 |
3,243 |
||
|
Change in inventories and related inventory payables |
(3,642) |
2,609 |
|
|
Change in receivables and prepayments |
124 |
9,661 |
|
|
Change in provisions and trade and other payables |
31,069 |
9,662 |
|
|
Change in taxation and social welfare |
361 |
416 |
|
|
Change in employee benefits and restructuring and other costs |
(1,334) |
(5,464) |
|
|
Net Cash generated from Operating Activities |
26,594 |
20,127 |
|
|
Cash Flows from Investing Activities |
|||
|
Interest received |
12 |
- |
|
|
Proceeds from sale of property, plant and equipment |
13 |
22 |
|
|
Acquisition of property, plant and equipment |
(5,990) |
(7,755) |
|
|
Acquisition of intangible assets |
(1,714) |
(1,523) |
|
|
Net Cash absorbed by Investing Activities |
(7,679) |
(9,256) |
|
|
Cash Flows from Financing Activities |
|||
|
Debt repayment |
(1,875) |
- |
|
|
Interest paid |
(448) |
(495) |
|
|
Cash payments for the principal portion of the lease liability |
(387) |
(382) |
|
|
Cash payments for the interest portion of the lease liability |
(47) |
(51) |
|
|
Increase in liquid investments |
(21,880) |
(28,892) |
|
|
Net Cash generated/(absorbed) by Financial Activities |
(24,637) |
(29,820) |
|
|
Net decrease in cash and cash equivalents |
(5,722) |
(18,949) |
|
|
Cash and cash equivalents at 1 January |
45,538 |
64,487 |
|
|
Cash and Cash Equivalents at 31 December |
39,816 |
45,538 |
|
On behalf of the Board |
|
|
Siún Ní Raghallaigh Chair |
Anne O’Leary Board Member and Chair of the Audit and Risk Committee |
|
20 June 2023 |