Restructuring costs behind National Lottery firm's losses - RTÉ

Oct 8, 2024 · Restructuring costs of €3.2m contributed to the operator of the National Lottery last year recording an operating loss of €7.7m. That is according to new accounts by Premier …

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Restructuring Costs Behind National Lottery Firm's Losses - RTÉ

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Oct 8, 2024 · Restructuring costs of €3.2m contributed to the operator of the National Lottery last year recording an operating loss of €7.7m. That is according to new accounts by Premier …

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Sep 6, 2023 · Premier Lotteries Ireland DAC recording a pre-tax loss of €21m — more than a ... of the National Lottery last year slumped by more than €100m. ... costs that related to …

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Restructuring Costs Contribute To €7.7m National Lottery Loss

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Oct 8, 2024 · Restructuring costs of €3.2m contributed to the operator of the National Lottery last year recording an operating loss of €7.7m. ... The lottery firm also paid out a dividend of …

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Restructuring costs behind National Lottery firm's losses Restructuring costs of €3.2m contributed to the operator of the National Lottery last year recording an operating loss of €7.7m ...

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Restructuring costs contribute to €7.7m National Lottery loss

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FAQs about Restructuring costs behind National Lottery firm's losses - RTÉ Coupon?

How much did the National Lottery lose last year?

Restructuring costs of €3.2m contributed to the operator of the National Lottery last year recording an operating loss of €7.7m. That is according to new accounts by Premier Lotteries Ireland DAC (PLI) which show that revenues from ticket sales slumped by €54.7m or 6% from €884.1m to €829.4m. ...

How much commission was paid to National Lottery retailers in 2023?

Commission paid to National Lottery retailers amounted to €43.8m. CEO Premier Lotteries Ireland, Cian Murphy said: "Almost a quarter of a billion euro was raised for the Good Causes Fund in 2023, and we are delighted with the continued positive impact those resources have on thousands of Good Causes throughout the country. ...

How did a restructuring cost affect a company's profit?

The company’s profits were hit by €3.9m in non-trading costs that related to restructuring costs of €3.2m and a €700,000 impairment loss on a tangible asset. The pre-tax loss takes account of combined non-cash amortisation and depreciation costs of €33.3m. ...

Can a contractor defer the costs of a restructuring event?

A contractor may defer the costs of one restructuring event (e.g., restructuring in connection with acquisition of Company A) and propose to expense the costs of a subsequent restructuring event (e.g., restructuring in connection with Company B years later), subject to the CAS Board rules governing accounting practice changes. ...

How should restructuring costs be calculated?

Overall reduced costs should be computed based on restructuring costs and savings that will be realized over the next five years. Those costs and savings that are not stated in current year dollars should be discounted to current year dollars using the most recently published cost of money rate. ...

Should restructuring charges be used to increase future earnings?

On the other hand, firms might be flexible in determining the timing of when they release the reserve created by abnormal restructuring charges to increase future earnings, whereas such flexibility is less likely to be used with normal charges. ...