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

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LITTLE MATADOR
Cash Flow Statement
Year ended 31 December 2010
2010 2009
I I
Surplus/(Deficit) on Capital Account 946,733 1,315,883
Surplus/(Deficit) on Administration Account 12,835 12,422
959,568 1,328,305
Adjustment for non-operating items
Bank interest (72,689 ) (72,428 )
Transfer to/(from) Administration Income and Expenditure Account (58,031 ) (74,650 )
(130,720 ) (147,078 )
Adjustment for non-cash items
Depreciation 86,848 96,180
(Increase)/Decrease in Debtors (222,830 ) 253,340
Increase/(Decrease) in Creditors 939,481 (268,919 )
net cash inflow from Operating activities 1,632,347 1,261,828
Cash Flow Statement
Net cash inflow from Operating activities 1,632,347 1,261,828
Bank interest 72,689 72,428
Payments to acquire assets (28,817 ) (21,529 )
Inflow 1,676,219 1,312,727
Reconciliation of net Cash Flow to Movement in net Funds
Increase in Cash in Period 1,676,219 1,312,727
Cash at 1 January 2010 4,556,381 3,243,654
net Funds at 31 December 2010 6,232,600 4,556,381
The Accounting Policies and Notes 1-17 form part of these Financial Statements
James Morris Lesley McKimm
Chair Board Member
28 November 2011
FIvE MINuTES OF HEAvEN
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.
2010 2009
Current Purposes I I
Irish Film Board 2,772,000 3,023,000
Less Pension Contributions (42,047 ) (47,074 )
Total 2,729,953 2,975,926
Capital purposes
Investment in Film 16,500,000 18,817,000
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 2010, an amount of €188,727,393 had been provided (At 31/12/2009,
€174,780,208 had been provided).
3. Investment in Films
Production Development
notes Loans Loans TOTAL
I I I
Advanced during the year 13,385,800 1,705,500 15,091,300
Recoupment during the year (604,682 ) (133,516 ) (738,198 )
Provision for year (12,941,455 ) (1,593,473 ) (14,534,928 )
Movement in the Year 13 (160,337 ) (21,489 ) (181,826 )
Balance at 1 January 2010 1,207,134 150,380 1,357,514
Balance as at 31/12/10 1,046,797 128,891 1,175,688
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