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Financial Statements

Income & Expenditure Account

Extract from Financial Statements for year ended 31 December 2017

Income & Expenditure Account

 

2017
€'000

2016
 €'000

Income - continuing operations

Maintenance and treatment fees 66,769 65,168
Other income 369 483
  67,138 65,651

Expenditure

 
Salaries and wages (51,589) (50,423)
Establishment and administration expenses (10,629) (8,637)
Other operating costs (2,865) (2,832)
Depreciation  (2,011) (1,887)
  (67,094) (63,779)

Operating surplus 

44 1,872
Interest receivable and similar charges - 17
Interest payable and similar charges (111) (39)
Pension income/(expense) 439 (324)

Surplus for the year

372 1,526

Statement of Comprehensive Income

Extract from Financial Statements as at 31 December 2017

Statement of Comprehensive Income

 

2017
€'000

2016
 €'000

Surplus for the year 372 1,526
Remeasurement of net defined benefit pension liability 5,578 (5,252)

Total comprehensive income/ (expense) for the year

5,950 (3,726)

Balance Sheet

Extract from Financial Statements as at 31 December 2017

Balance Sheet

 

2017
€'000

2016
 €'000

Fixed assets 31,942 28,123
Financial assets 4 4
  31,946 28,127

Current assets

 
Stocks 73 63
Debtors 13,619 12,162
Cash at bank and on hand 7,408 12,035
  21,100 24,260

Creditors:

 
 amounts falling due within one year (14,055) (12.074)
Net current assets 7,045 12,186
Total assets less current liabilities 38,991 40,313

Creditors:

 
amounts falling due after more than one year (7,473) (1,155)
Net assets excluding pension liability 31,518 39,158
Net pension liability - (13,590)
Net assets 31,518 25,568

Capital and special funds

Capital account 31,518 25,568

Statement of changes in equity

for year ended 31 December 2017

Statement of changes in equity

 

Capital account
€'000

Total
 €'000

Balance at 1 January 2016 29,294 29,294

Total Comprehensive income for the year 

Surplus for the year  1,526 1,526
Other comprehensive expense  (5,252) (5,252)
Total comprehensive expense for the year (3,726) (3,726)

Balance at 31 December 2016

25,568 25,568
 

Capital account
€'000

Total
 €'000

Balance at 1 January 2017 25,568 25,568

Total Comprehensive income for the year 

Surplus for the year  372 372
Other comprehensive expense  (5,578) (5,578)
Total comprehensive expense for the year (5,950) (5,950)

Balance at 31 December 2017

31,518 31,518

 

Cash Flow Statement

for year ended 31 December 2017

Cash Flow Statement

Cash flows from operating activities

   
Surplus for the year 372 1,526
Adjustments for:    
Depreciation, amortisation and impairment 2,011 1,887
Interest receivable and similar income - (17)
Interest payable and similar charges 111 39
Pension finance charge (439) 324
  ________ ________
  2,055 3,759
  ________ ________
(Increase)/decrease in trade and other debtors  (1,457) 1,129
Decrease in stocks (10) 8
Increase in trade and other creditors 1,866 1,519
Decrease in provisions and employee benefits (7,444) (1,022)
                                       
  -7,045 5,393
                                       
Net cash from operating activities -4,990 5,393
                                       
Cash flows from investing activities    
Interest paid -111 -39
Acquisition of tangible fixed assets  -5,830 -3,731
    ________      ________
Net cash from investing activities (5,941) (3,770)
  ________ ________
Cash flows from financing activities    
Repayment of borrowings 6,304 (640)
Interest received - 17
                    ________                   ________

Net cash from financing activities

6,304 -623
   ________       ________
Net increase in cash and cash equivalents (4,627) 1,000
Cash and cash equivalents at 1 January 12,035 11,035
          ________ ________
Cash and cash equivalents at 31 December  7,408 12,035