Consolidated income statement for the year ended December m m

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					Consolidated income statement
for the year ended 31 December 2007
2007 €m 2006 €m Notes

Revenue Other operating income Consumption of current programme rights Depreciation, amortisation and impairment Other operating expense Impairment of goodwill and amortisation of fair value adjustments on acquisitions of subsidiaries and joint ventures Gain from sale of subsidiaries, joint ventures and other investments Profit from operating activities Share of results of associates Earnings before interest and taxes (“EBIT”) Net interest income /(expense) Financial results other than interest Profit before taxes Income tax income /(expense) Profit for the year Attributable to: RTL Group shareholders Minority interest Profit for the year

4. 1.

4. 2. 5. 2. 5. 10. 4. 3.

5,707 71 (2,048) (213) (2,689) (142) 76 762 60 822 (4) 26 844 (170) 674

5,640 86 (1,968) (217) (2,764) (14) 207 970 72 1,042 2 33 1,077 34 1,111

5. 4.

4. 4. 4. 5.

4. 6.

563 111 674

890 221 1,111

EBITA* Impairment of goodwill and of disposal group Amortisation and impairment of fair value adjustments on acquisitions of subsidiaries and joint ventures Amortisation of fair value adjustments on acquisitions of associates Gain from sale of subsidiaries, joint ventures and other investments Earnings before interest and taxes (“EBIT”)

5. 2. 5. 10.

898 (133) (19)

851 – (14) (2) 207 1,042

5. 4. 4. 3.

– 76 822

Earnings per share (in €) – Basic – Diluted

4. 7. 4. 7.

3.67 3.67

5.79 5.79

The accompanying notes form an integral part of these consolidated financial statements.

* EBITA represents earnings before interest and taxes excluding impairment of goodwill and of disposal group and amortisation and impairment of fair value adjustments on acquisitions and gain from sale of subsidiaries, joint ventures and other investments

110

RTL Group Annual Report 2007

Consolidated balance sheet
as at 31 December 2007
2007 €m 2006* €m Notes

Non-current assets Programme rights Goodwill Other intangible assets Property, plant and equipment Investments in associates Loans and other financial assets Deferred tax assets

5. 5. 1. 5. 5. 5. 5. 2. 5. 5. 5.

1. 2. 1. 3. 4. 5. 6.

80 3,130 357 341 466 542 559 5,475

93 3,144 336 354 573 482 392 5,374

Current assets Programme rights Other inventories Income tax receivable Accounts receivable Cash and cash equivalents Assets classified as held for sale

5. 7.

5. 8. 5. 9. 5. 10.

1,293 40 117 1,833 535 18 3,836

1,390 46 122 1,742 348 9 3,657

Current liabilities Loans and bank overdrafts Income tax payable Accounts payable Provisions Liabilities directly associated with non-current assets classified as held for sale

5. 11. 5. 12. 5. 13. 5. 10.

14 238 1,913 113 12 2,290 1,546

67 218 1,933 160 1 2,379 1,278

Net current assets Non-current liabilities Loans Accounts payable Provisions Deferred tax liabilities

5. 11. 5. 12. 5. 13. 5. 6.

91 306 110 83 590 6,431 5,876 555 6,431

39 259 121 82 501 6,151 5,629 522 6,151

Net assets Equity attributable to RTL Group shareholders Equity attributable to minority interest Equity

The accompanying notes form an integral part of these consolidated financial statements.

* Restated (see note 1.2.1.)

RTL Group Annual Report 2007

111

Consolidated cash flow statement
for the year ended 31 December 2007
2007 €m 2006 €m Notes

Cash flows from operating activities Profit before taxes Adjustments for: – Depreciation and amortisation – Value adjustments, impairment and provisions – Equity-settled share-based payments expenses – Gain on disposal of assets – Financial results including net interest expense and share of results of associates Use of provisions Working capital changes Income taxes paid Net cash from operating activities Cash flows from investing activities Acquisitions of: – Programme rights – Subsidiaries and joint ventures net of cash acquired – Other intangible and tangible assets – Other investments and financial assets Current deposit with shareholder

844 170 227 13 (104) (45) (78) 89 (256) 860

1,077 178 132 9 (216) (76) (51) (86) (103) 864

5. 13.

(48) 3. 4. 57 (143) (168) (134) (436) 67 3. 6. – 3 285 48 403 (33)

5. 8. 8. 1.

(45) (36) (113) (41) (486) (721) 26 (70) 12 95 28 91 (630)

Proceeds from the sale of intangible and tangible assets Disposal of: – TPS, net of cash disposed of – Other subsidiaries and joint ventures net of cash disposed of Proceeds from the sale of associates, other investments and financial assets Interest received

Net cash used in investing activities Cash flows from financing activities Interest paid Proceeds from loans Repayment of loans Net change in bank overdraft Dividends paid Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Effect of exchange rate fluctuation on cash held Cash and cash equivalents at end of year

(32) 5 (66) (1) (537) (631) 196 348 (9) 535

(12) 113 (76) (7) (235) (217) 17 332 (1) 348

The accompanying notes form an integral part of these consolidated financial statements.
112

Consolidated statement of recognised income and expense
for the year ended 31 December 2007
2007 €m 2006* €m Notes

Foreign currency translation differences Change in fair value of cash flow hedges Change in fair value of available-for-sale financial assets Defined benefit plan actuarial gains Income tax on income and expense recognised directly in equity Income and expense recognised directly in equity Profit for the year Total recognised income and expense for the year Attributable to: RTL Group shareholders Minority interest Total recognised income and expense for the year

(6) (35) 5. 4. 5. 5. 5. 14. 2 9 3 (27) 674 5. 15.1. 647

1 (39) 2 10 6 (20) 1,111 1,091

537 110 647

873 218 1,091

The accompanying notes form an integral part of these consolidated financial statements.

* Restated (see note 1.2.1.)

RTL Group Annual Report 2007

113