AnnuAL REPORT OF BORD SCAnnÁn nA ... - Irish Film Board

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AN PáISTE BEO BOCHT
Cash Flow Statement
Year ended 31 December 2009
2009 2008
Reconciliation of Surplus to net Cash Inflow from Operating Activities I I
Surplus/(Deficit) on Capital Account 1,315,883 (1,523,474 )
Surplus/(Deficit) on Administration Account 12,422 3,878
1,328,305 (1,519,596 )
Adjustment for non-operating items
Bank interest (72,428 ) (224,224 )
Transfer to/(from) Administration Income and Expenditure Account (74,650 ) 18,128
Loss on Disposal of Assets - -
(147,078 ) (206,096 )
Adjustment for non-cash items
Depreciation 96,180 126,500
(Increase)/Decrease in Debtors 253,340 88,251
Increase/(Decrease) in Creditors (268,919 ) 106,255
net cash inflow from Operating activities 1,261,828 (1,404,686 )
Cash Flow Statement
Net Cash Inflow from Operating activities 1,261,828 (1,404,686 )
Bank Interest 72,428 224,224
Payments to Acquire Assets (21,529 ) (144,627 )
Inflow/Outflow 1,312,727 (1,325,089 )
Reconciliation of net Cash Flow to movement in Cash and Cash Equivalents
Increase/Decrease in Cash in Period 1,312,727 (1,325,089 )
Net Funds as at 1 January 2009 3,243,654 4,568,743
net Funds at 31 December 2009 4,556,381 3,243,654
The Accounting Policies and Notes 1-17 form part of these Financial Statements
James Morris Lesley McKimm
Chair Board Member
24 November 2010
uNCLE MAx II
nOTES TO THE FInAnCIAL STATEMEnTS
1. Oireachtas Grants
The Oireachtas grant in respect of the Board’s capital expenditure is funded under the Productive Sector Operational Programme and the
Employment and Human Resources Development Operational Programme of the National Development Plan 2007-2013.
2009 2008
Current Purposes I I
Irish Film Board 3,023,000 3,189,000
Less Pension Contributions (47,074 ) (44,591 )
Total 2,975,926 3,144,409
Capital purposes
Investment in Film 18,817,000 20,000,000
2. Limitation of Monies Provided by the Board
under Section 10 of the Irish Film Board Act, 1980 as amended, the maximum amount of any investments, loans, grants and guarantees
(less recoveries) shall not exceed €200,000,000. At the 31st December 2009, an amount of €174,780,208 had been provided (At 31/12/2008,
€156,327,322 had been provided).
3. Investment in Films
Production Development
Loans Loans TOTAL
notes I I I
Advanced During the Year 15,101,659 2,201,585 17,303,244
Recoupment During the Year (905,702 ) (474,675 ) (1,380,377 )
Provision for Year (14,411,328 ) (1,795,306 ) (16,206,634 )
Movement in the Year 13 (215,371 ) (68,396 ) (283,767 )
Balance at 1 January 2009 1,422,505 218,776 1,641,281
Balance as at 31/12/09 1,207,134 150,380 1,357,514
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