22. Financial Commitments, Contingencies and Guarantees
(a) Capital commitments
Group |
RTÉ |
|||
2022 |
2021 |
2022 |
2021 |
|
€’000 |
€’000 |
€’000 |
€’000 |
|
Contracted but not provided for |
5,398 |
2,591 |
4,176 |
2,125 |
Authorised but not contracted for |
4,056 |
360 |
3,843 |
- |
9,454 |
2,951 |
8,019 |
2,125 |
(b) Programme/rights purchase commitments
Group |
RTÉ |
|||
2022 |
2021 |
2022 |
2021 |
|
€’000 |
€’000 |
€’000 |
€’000 |
|
Contracted but not provided for |
131,767 |
68,942 |
131,767 |
68,942 |
(c) Contingent liabilities
Due to the nature of its operations, the Group is involved in various legal actions with third parties which have arisen in the normal course of the business. While it is not practicable to quantify accurately the potential liability under the various actions, the Board is satisfied that it has made reasonable provision for the likely outcome of these actions.
(d) Guarantees
At 31 December 2022, RTÉ had entered into guarantee facilities amounting to €2.3 million which expire on 10 February 2024.
(e) Digital television services Northern Ireland
RTÉ has entered into a joint venture with TG4 for the provision of digital television services in Northern Ireland and, under this agreement, RTÉ has a funding commitment that expires in October 2024. The remaining commitment at 31 December 2022 is €1.0 million.