Financial Statements

2017 in numbers

Extract from Financial Statements for year ended 31 December 2017

	2017 €'000	2016 €'000
Income - continuing operations
Maintenance and treatment fees	66,769	65,168
Other income	369	483
	67,138	65,651
Expenditure
Salaries and wages	(51,589)	(50,423)
Establishment and administration expenses	(10,629)	(8,637)
Other operating costs	(2,865)	(2,832)
Depreciation	(2,011)	(1,887)
	(67,094)	(63,779)
Operating surplus	44	1,872
Interest receivable and similar charges	-	17
Interest payable and similar charges	(111)	(39)
Pension income/(expense)	439	(324)
Surplus for the year	372	1,526

Extract from Financial Statements as at 31 December 2017

	2017 €'000	2016 €'000
Surplus for the year	372	1,526
Remeasurement of net defined benefit pension liability	5,578	(5,252)
Total comprehensive income/ (expense) for the year	5,950	(3,726)

Extract from Financial Statements as at 31 December 2017

	2017 €'000	2016 €'000
Fixed assets	31,942	28,123
Financial assets	4	4
	31,946	28,127
Current assets
Stocks	73	63
Debtors	13,619	12,162
Cash at bank and on hand	7,408	12,035
	21,100	24,260
Creditors:
amounts falling due within one year	(14,055)	(12.074)
Net current assets	7,045	12,186
Total assets less current liabilities	38,991	40,313
Creditors:
amounts falling due after more than one year	(7,473)	(1,155)
Net assets excluding pension liability	31,518	39,158
Net pension liability	-	(13,590)
Net assets	31,518	25,568
Capital and special funds
Capital account	31,518	25,568

for year ended 31 December 2017

	Capital account €'000	Total €'000
Balance at 1 January 2016	29,294	29,294
Total Comprehensive income for the year
Surplus for the year	1,526	1,526
Other comprehensive expense	(5,252)	(5,252)
Total comprehensive expense for the year	(3,726)	(3,726)
Balance at 31 December 2016	25,568	25,568

	Capital account €'000	Total €'000
Balance at 1 January 2017	25,568	25,568
Total Comprehensive income for the year
Surplus for the year	372	372
Other comprehensive expense	(5,578)	(5,578)
Total comprehensive expense for the year	(5,950)	(5,950)
Balance at 31 December 2017	31,518	31,518

for year ended 31 December 2017

Cash flows from operating activities
Surplus for the year	372	1,526
Adjustments for:
Depreciation, amortisation and impairment	2,011	1,887
Interest receivable and similar income	-	(17)
Interest payable and similar charges	111	39
Pension finance charge	(439)	324
	________	________
	2,055	3,759
	________	________
(Increase)/decrease in trade and other debtors	(1,457)	1,129
Decrease in stocks	(10)	8
Increase in trade and other creditors	1,866	1,519
Decrease in provisions and employee benefits	(7,444)	(1,022)

	-7,045	5,393

Net cash from operating activities	-4,990	5,393

Cash flows from investing activities
Interest paid	-111	-39
Acquisition of tangible fixed assets	-5,830	-3,731
	________	________
Net cash from investing activities	(5,941)	(3,770)
	________	________
Cash flows from financing activities
Repayment of borrowings	6,304	(640)
Interest received	-	17
	________	________
Net cash from financing activities	6,304	-623
	________	________
Net increase in cash and cash equivalents	(4,627)	1,000
Cash and cash equivalents at 1 January	12,035	11,035
	________	________
Cash and cash equivalents at 31 December	7,408	12,035