Operations Review Directors and Other Information Report of the Directors Statement of Directors' Responsibilities Report of the Auditors Principal Accounting Policies Profit and Loss Account Balance Sheet Cash Flow Statement Notes to the Financial Statements
  1. PAYROLL AND RELATED COSTS
  2. (A) MATERIALS AND SERVICES (B) EXCEPTIONAL ITEM
  3. DEPRECIATION AND LOSS ON DISPOSAL OF TANGIBLE ASSETS
  4. TANGIBLE FIXED ASSETS
  5. STOCKS
  6. DEBTORS
  7. CREDITORS
  8. PROVISIONS FOR LIABILITIES AND CHARGES
  9. DEFERRED INCOME
  10. SHARE CAPITAL
  11. ASSET REPLACEMENT RESERVE
  12. RECONCILIATION OF MOVEMENT IN SHAREHOLDERS’ FUNDS
  13. CASH FLOW STATEMENT
  14. OPERATING LEASE OBLIGATIONS
  15. PENSIONS
  16. CAPITAL COMMITMENTS
  17. CONTINGENT LIABILITIES
  18. NET SURPLUS/DEFICIT BY ACTIVITY
  19. RELATED PARTIES
  20. PUBLIC SERVICE OBLIGATION PAYMENT
  21. MEMBERSHIP OF CÓRAS IOMPAIR ÉIREANN GROUP
  22. APPROVAL OF FINANCIAL STATEMENTS

Profit and Loss Account

Year ended 31st December Notes 2008
€000		 2007
€000
Revenue   299,676 282,948
Costs      
Payroll and related costs 1 (142,311) (130,014)
Materials and services 2(a) (195,108) (179,296)
Depreciation less amortisation of grants 3 (11,886) (13,113)
Total operating costs   (349,305) (322,423)
Deficit before loss on disposal, interest receivable, Public Service Obligation payment and before release of provision for liabilities and charges and before exceptional items   (49,629) (39,475)
       
Loss on disposal of tangible assets   (149) (756)
Deficit before interest receivable, Public Service Obligation payment and before release of provision for liabilities and charges and before exceptional items   (49,778) (40,231)
Interest receivable   1,840 1,516
Deficit before Public Service Obligation payment and before release of provision for liabilities and charges and before exceptional items   (47,938) (38,715)
       
Public Service Obligation payment 20 41,846 36,595
Deficit for the year after Public Service Obligation payment and before release of provision for liabilities and charges and before exceptional items   (6,092) (2,120)
       
Release of provision for liabilities and charges 8 – 9,023
Exceptional item 2(b) (2,000) –
(Deficit)/Surplus for the year after Public Service Obligation payment and after release of provision for liabilities and charges and after exceptional items   (8,092) 6,903
Accumulated surplus at start of the year   14,842 987
Transfer from asset replacement reserve 11 – 6,952
Accumulated surplus at end of the year 6,750 14,842
 
All figures relate to the continuing activities of the company.
 
There were no recognised gains or losses other than those included in the profit and loss account.
 
 
On behalf of the board
Dr. J.J. Lynch Chairman
Mr. R. Langford Director