8. Property, Plant and Equipment
|
Group |
Land and buildings (Owned) |
Land and buildings (Leased) |
Plant and equipment |
Fixtures and fittings |
Capital projects in progress |
Total |
|
€’000 |
€’000 |
€’000 |
€’000 |
€’000 |
€’000 |
|
|
Cost |
||||||
|
Balance at 1 January 2021 |
67,584 |
4,073 |
164,851 |
2,104 |
7,845 |
246,457 |
|
Additions |
- |
- |
- |
- |
13,196 |
13,196 |
|
Reclassifications |
480 |
1,585 |
4,922 |
76 |
(7,063) |
- |
|
Disposals and retirements |
(11) |
- |
(5,148) |
(96) |
(353) |
(5,608) |
|
Balance at 31 December 2021 |
68,053 |
5,658 |
164,625 |
2,084 |
13,625 |
254,045 |
|
Balance at 1 January 2022 |
68,053 |
5,658 |
164,625 |
2,084 |
13,625 |
254,045 |
|
Additions |
- |
- |
- |
- |
6,166 |
6,166 |
|
Reclassifications |
284 |
124 |
1,725 |
- |
(2,133) |
- |
|
Disposals and retirements |
- |
(124) |
(1,240) |
(26) |
(85) |
(1,475) |
|
Balance at 31 December 2022 |
68,337 |
5,658 |
165,110 |
2,058 |
17,573 |
258,736 |
|
Depreciation |
||||||
|
Balance at 1 January 2021 |
59,251 |
1,098 |
123,219 |
1,907 |
- |
185,475 |
|
Depreciation for the year |
804 |
601 |
9,511 |
98 |
- |
11,014 |
|
Disposals and retirements |
(11) |
- |
(5,147) |
(96) |
- |
(5,254) |
|
Balance at 31 December 2021 |
60,044 |
1,699 |
127,583 |
1,909 |
- |
191,235 |
|
Balance at 1 January 2022 |
60,044 |
1,699 |
127,583 |
1,909 |
- |
191,235 |
|
Depreciation for the year |
1,052 |
672 |
8,902 |
119 |
- |
10,745 |
|
Disposals and retirements |
- |
(124) |
(1,239) |
(26) |
- |
(1,389) |
|
Balance at 31 December 2022 |
61,096 |
2,247 |
135,246 |
2,002 |
- |
200,591 |
|
Net Book Value |
||||||
|
At 31 December 2021 |
8,009 |
3,959 |
37,042 |
175 |
13,625 |
62,810 |
|
At 31 December 2022 |
7,241 |
3,411 |
29,864 |
56 |
17,573 |
58,145 |
The Group leases several assets including land & buildings. The average lease term is 8 years (2021: 8 years).
|
RTÉ |
Land and buildings (Owned) |
Land and buildings (Leased) |
Plant and equipment |
Fixtures and fittings |
Capital projects in progress |
Total |
|
€’000 |
€’000 |
€’000 |
€’000 |
€’000 |
€’000 |
|
|
Cost |
||||||
|
Balance at 1 January 2021 |
55,820 |
1,389 |
67,138 |
1,905 |
5,194 |
131,446 |
|
Additions |
- |
- |
- |
- |
10,872 |
10,872 |
|
Reclassifications |
55 |
2,010 |
2,178 |
76 |
(4,319) |
- |
|
Disposals and retirements |
(7) |
- |
(3,236) |
(96) |
- |
(3,339) |
|
Balance at 31 December 2021 |
55,868 |
3,399 |
66,080 |
1,885 |
11,747 |
138,979 |
|
Balance at 1 January 2022 |
55,868 |
3,399 |
66,080 |
1,885 |
11,747 |
138,979 |
|
Additions |
- |
- |
- |
- |
4,204 |
4,204 |
|
Reclassifications |
284 |
124 |
1,167 |
- |
(1,575) |
- |
|
Disposals and retirements |
- |
(124) |
(499) |
(26) |
(113) |
(762) |
|
Balance at 31 December 2022 |
56,152 |
3,399 |
66,748 |
1,859 |
14,263 |
142,421 |
|
Depreciation |
||||||
|
Balance at 1 January 2021 |
52,540 |
503 |
60,593 |
1,761 |
- |
115,397 |
|
Depreciation for the year |
266 |
410 |
4,207 |
78 |
- |
4,961 |
|
Disposals and retirements |
(7) |
- |
(3,236) |
(96) |
- |
(3,339) |
|
Balance at 31 December 2021 |
52,799 |
913 |
61,564 |
1,743 |
- |
117,019 |
|
Balance at 1 January 2022 |
52,799 |
913 |
61,564 |
1,743 |
- |
117,019 |
|
Depreciation for the year |
624 |
410 |
4,403 |
99 |
- |
5,536 |
|
Disposals and retirements |
- |
(124) |
(499) |
(26) |
- |
(649) |
|
Balance at 31 December 2022 |
53,423 |
1,199 |
65,468 |
1,816 |
- |
121,906 |
|
Net Book Value |
||||||
|
At 31 December 2021 |
3,069 |
2,486 |
4,516 |
142 |
11,747 |
21,960 |
|
At 31 December 2022 |
2,729 |
2,200 |
1,280 |
43 |
14,263 |
20,515 |
RTÉ leases several assets including various buildings. The average lease term is 5 years (2021: 5 years).