Financial Statements

Income and Expenditure Account

Extract from Financial Statements for year ended 31 December 2018

Income and Expenditure Account

  2018   2017
  €'000   €'000
Income - continuing operations      
Maintenance and treatment fees 70,085   66,769
Other income 306   369
  70,391   67,138
Expenditure      
Salaries and wages (52,848)   (51,589)
Establishment and administration expenses (10,793)   (10,629)
Other operating costs (2,968)   (2,865)
Depreciation (2,886)   (2,011)
  (69,495)   (67,094)
       
Operating surplus 896   44
       
Interest receivable and similar charges 6   _
Interest payable and similar charges (260)   (111)
       
Pension income/expense =   439
       
Surplus for the year  642   372

 

Statement of Comprehensive Income

Statement of Comprehensive Income for year ended 31 December 2018

Statement of Comprehensive Income

  2018   2017
  €'000   €'000
       
Surplus for the year 642   372
Actuarial gain/(loss) on remeasurement of net defined benefit pension liability =   5,578
       
Total comprehensive income/(expense) for the year 642   5,950

 

Balance Sheet

Extract from Financial Statements as at 31 December 2018

Balance Sheet

  2018   2017
  €'000   €'000
       
Fixed assets 31,035   31,942
Financial assets 4   4
  31,039   31,946
       
Current assets      
Stocks 83   73
Debtors 15,336   13,619
Cash at bank on hand 4,422   7,408
  19,841   21,100
Creditors:      
amounts falling due within one year  (11,991)   (14,055)
       
Net current assets 7,850   7,045
Total assets less current liabilities  38,889   38,991
       
Creditors:       
amounts falling due after more than one year (6,729)   (7,473)
       
Net assets 32,160   31,518
       
Capital and special funds       
Capital account 32,160   31,518

 

Statement of Changes in Equity

Statement of Changes in Equity for year ended 31 December 2018

Statement of Changes in Equity

  Capital Account   Total
  €'000   €'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   5,590
       
Balance at 31 December 2017 31,518   31,518
       
       
  Capital Account   Total
  €'000   €'000
       
Balance at 1 January 2018 31,518   31,518
       
Total Comprehensive Income for the year      
Surplus for the year 642   642
Other comprehensive income =   =
Total comprehensive income for the year 642   642
       
Balance at 31 December 2018 32,160   32,160

 

Cash Flow Statement

Extract from Financial Statements as at 31 December 2018

Cash Flow Statement

  2018   2017
  €'000   €'000
Cash flows from operating activities      
Surplus for the year 642    372 
Adjustments for:       
Depreciation, amortisation and impairment 2,886    2,011 
Interest receivable and similar income  
Interest payable and similar charges 260    111 
Pension finance charge   (439) 
  ______    ______ 
  3,794    2,055 
       
(Increase) in trade and other debtors (1,717)    (1,457)
(Increase) in stocks (10)   (10)
(Decrease)/increase in trade creditors   2,064   1,886 
Decrease in provisions and employee benefits      (7,444) 
  ______    ______ 
  (3,791)    (7,045) 
  ______    ______ 
Net cash from operating activities   (4,990) 
  ______    ______ 
Cash flows from investing activities      
Interest paid (260)    (111)
Acquisition of tangible fixed assets  (1,979)    (5,830)
  ______    ______ 
Net cash from investing activities (2,239)    (5,941)
  ______     ______
Cash flows from financing activities      
Repayment of borrowings  (744)    6,304 
Interest received (6)   
  ______    ______ 
Net cash from financing activities   (750)    6,304 
  ______    ______ 
Net increase in cash and cash equivalents  (2,986)    (4,627)
Cash and cash equivalents at 1 January  7,408    12,035 
       
Cash and cash equivalents at 31 December  4,422    7,408