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RTÉNL/2RN Annual Return

  • 21-09-2014 11:43PM
    #1
    The Cush
    Registered Users, Registered Users 2 Posts: 15,978 ✭✭✭✭


    Small piece in the Sunday Times regarding RTÉNL's 2013 accounts
    Bumper profits haul for Saorview network operator

    2RN, the RTÉ company which operates the Saorview network, made a pre-tax profit of €5.6m in 2013.

    The figure was down from almost €7m in 2012, when there was a boost during the switchover from analogue to digital television. The company, which also provides mast and tower rental services to radio stations, had revenues of €23.6m last year.

    The total cost of building the Saorview network was €61m according to the accounts of the company. Total borrowings at 2RN were €38.2m.

    Cost of building the Saorview network - €61m
    Amount borrowed - €38.25m

    2013 Revenue - €26.3m (incorrect figure in the article)
    - down from the previous year due to the loss of revenue from analogue TV transmission (2012 - €29.4m)

    2013 Profit - €5.11m after tax (2012 - €7.158m)

    2013 Employees - 54 (2012 - 65)


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