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October 15, 2018

Public television activity report: over 24 million lei in losses in 2015

The public television has recorded in 2015 over 24 million lei in losses, according to the activity report of the Romanian Society of Television (SRTv) submitted to the Parliament on Friday.

According to the document, the Romanian Television has had in 2015 total incomes of 501,059,860 lei, of which operating revenues of 495,076,982 lei (down by 9.3 percent year on year) and financial incomes of 5,982,878 lei.

The total expenditure of the public television was 525,276,360 lei, of which operating expenditure of 511,010,504 lei and financial expenditure of 14,265,856 lei.

The result was a net turnover of 484,379,534 lei, with 24,216,500 lei total loss.

According to the report, “2015 was a complicated year for the Romanian Television, with the Board sacked on 23 September following the rejection of its activity report. On the same day, the Parliament validated Irina Radu as interim general manager. According to the law, in the absence of the Board, the attributions of an interim general manager are limited, which made impossible deciding radical measures that might have resulted in a recovery of TVR.”

In July 2015, the National Agency for Fiscal Administration (ANAF) has foreclosed the institution for historic debts worth 10.4 million lei. Starting with August, compulsory enforcement procedures obtained by the current and former employees began; the staff was demanding the payment of updated salaries, based on the consumer price indexes. By the end of 2015, the value of these foreclosures reached 11.3 million lei, to which the fiscal obligations of 6.8 million lei are added.

Currently, the TVR has a Board validated by the Parliament, but no CEO.

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