28 March 2024 The Irish Film & Television Network
     

Irish Film and Television Network

 »

Post Production

 »

Post Production News



RTÉ Annual Report Shows Net Deficit of €6.4M in 2017
27 Jun 2018 :
Exceptional land sale gain and restructuring give rise to Net Surplus of €42.1m

RTÉ has released its Annual Report and Group Consolidated Financial Statements for the Year Ended 31st December 2017.

See http://www.rte.ie/annualreport for full the report.

With overall 2017 revenues at the same level as 2016, but assisted through reduced operating costs, RTÉ returned a lower operating Net Deficit, before exceptional items and tax, of €6.4m in 2017 (2016 Net Deficit before tax of €19.4 million).

There were a number of exceptional items for the organisation in 2017. RTÉ recorded an overall Net Surplus for the year of €42.1 million (2016 Net Deficit of €19.7 million), including a net gain after tax of €78.5 million from the sale of part of the Donnybrook site, less sales-enabling project costs, and after a restructuring charge of €29.6 million.

The Annual Report also highlights RTÉ's many achievements in 2017, including:

  • RTÉ One and RTÉ2 delivered all of the top 20 most-watched programmes in Ireland
  • More than 1,300,000 viewers tuned into the The Late Late Toy Show
  • RTÉ News kept the nation informed with live transmissions throughout Storm Ophelia
  • RTÉ Investigates produced a number of high-impact programmes on those living on hospital waiting lists, and those stuck in substandard rental accommodation
  • RTÉ Player delivered 51.5million streams, up 2% on 2016
  • RTÉ launched a dedicated Irish-language website, www.rte.ie/gaeilge
  • Over 1,000,000 people tuned into RTÉ Radio 1 each week
  • The RTÉ Concert Orchestra and 2fm presented seven sell-out dance music concerts
  • RTÉ Archives attracted a record number of online visitors, with 3.1 million compared to 1.9 million in 2016.

Dee Forbes, Director-General RTÉ, said RTÉ experienced a year of very significant change in 2017. It was the beginning of a period of transformation that will run over the next few years. Against a difficult financial backdrop, RTÉ introduced a radically new organisational structure; reduced the size of its workforce; developed a new five-year strategy (2018-2022); and managed the sale of more than 8 acres of land at its Donnybrook site – all while continuing to deliver a breadth of compelling programming and content for audiences every day”.

She added: “If RTÉ is to return to a sustainable financial footing, meaningful Government action on reforming the licence fee system is essential. The current system is losing more than €50 million every year. Not only is this unfair on the majority that pay their TV Licence fee, it is also limiting the potential of the whole independent production sector. Without action there will be far-reaching consequences for our journalism, for national cultural and creative expression, and for employment in the broader media sector.”

Moya Doherty, Chair of the RTÉ Board, commented: “RTÉ is re-imagining itself for the 21st century and will continue to build for the future through appropriate collaboration and partnerships. The development of the independent production sector and the creation of relevant content reflecting the changing needs and aspirations of the Irish nation are equally important ambitions for the organisation. Working with key stakeholders to develop a sustainable funding model for public media in these dynamic times remains the central challenge for this re-imagined RTÉ.”

See http://www.rte.ie/annualreport for more and to download the full report.





FEATURES & INTERVIEWS
“For the industry to grow here, we need more storytellers”, Oscar-nominated producer Ed Guiney discusses Storyhouse
Sharon Horgan, Róisín Gallagher, and Éanna Hardwicke among BAFTA TV Award nominees
Free Industry Newsletter
Subscribe to IFTN's industry newsletter - it's free and e-mailed directly to your inbox every week.
Click here to sign up.






 
 the Website  Directory List  Festivals  Who's Who  Locations  Filmography  News  Crew  Actors
 

Contact Us | Advertise | Copyright | Terms & Conditions | Security & Privacy | RSS Feed | Twitter

 

 

 
canli bahis siteleri rulet siteleri deneme bonusu veren siteler bahis siteleri free spin veren siteler deneme bonusu veren yeni siteler yeni casino siteleri yeni bahis siteleri betwoon grandpashabet