Annual Report 2020 Annual Report 2020 TABLE OF CONTENTS GENERAL INFORMATION ON ESTONIAN PUBLIC BROADCASTING .................................................... 3 MANAGEMENT REPORT ......................................................................................................................... 4 Developments and activities related to COVID-19 .......................................................................................... 5 Programmes and departments ........................................................................................................................ 7 ETV..............................................................................................................................................................................7 ETV2 ............................................................................................................................................................................7 ETV+........................................................................................................................................................................... 8 Vikerraadio ............................................................................................................................................................... 8 Raadio 2 ..................................................................................................................................................................... 8 Klassikaraadio ........................................................................................................................................................... 9 Raadio 4 .................................................................................................................................................................... 9 Raadio Tallinn .......................................................................................................................................................... 10 Jupiter ...................................................................................................................................................................... 10 News and sports department ................................................................................................................................. 10 Audiences ......................................................................................................................................................... 12 Archives ............................................................................................................................................................ 16 Technical development and investments ...................................................................................................... 16 Department of Property and Transport ......................................................................................................... 17 Structure and staff ........................................................................................................................................... 17 Internal control and risk management .......................................................................................................... 18 Budget and its implementation ...................................................................................................................... 19 FINANCIAL STATEMENTS ...................................................................................................................... 21 Balance sheet ................................................................................................................................................... 21 Statement of financial performance ............................................................................................................. 22 Statement of changes in net assets ............................................................................................................... 22 Cash flow statement ........................................................................................................................................23 NOTES TO FINANCIAL STATEMENTS ............................................................................................................. 24 Note 1 Accounting methods and measurement bases used in the preparation of the financial statements . 24 Note 2 Cash and bank ............................................................................................................................................. 28 Note 3 Trade receivables ....................................................................................................................................... 29 Note 4 Taxes ........................................................................................................................................................... 29 Note 5 Prepaid expenses and other short-term receivables ............................................................................... 29 Note 6 Inventories.................................................................................................................................................. 30 Note 7 Long-term prepayments ............................................................................................................................ 30 Note 8 Investment properties ................................................................................................................................ 31 Note 9 Property, plant and equipment ................................................................................................................. 32 Note 10 Intangible assets ........................................................................................................................................ 33 Note 11 Long-term debt and pledged assets .......................................................................................................... 33 Note 12 Operating lease ......................................................................................................................................... 34 Note 13 Payables and prepayments ...................................................................................................................... 34 Note 14 Deferred income ....................................................................................................................................... 34 Note 15 Provisions ................................................................................................................................................... 35 Note 16 Income from state budget ........................................................................................................................ 35 Note 17 Revenue from sales of services and other revenue ................................................................................ 35 Note 18 Programme production, transmission and archiving costs.................................................................... 37 Note 19 Management and administrative expenses ........................................................................................... 38 Note 20 Other expenses ........................................................................................................................................ 38 Note 21 Staff employees ........................................................................................................................................ 38 Note 22. Off-balance sheet assets, binding future liabilities and conditional liabilities ................................... 38 Note 23 Transactions with related parties ........................................................................................................... 39 INDEPENDENT CERTIFIED AUDITOR’S REPORT .................................................................................. 40 SIGNATURES OF MANAGEMENT BOARD OF PUBLIC BROADCASTING ............................................ 43 OPINION OF AUDIT COMMITTEE ......................................................................................................... 44 SIGNATURES OF SUPERVISORY BOARD OF PUBLIC BROADCASTING .............................................. 45 2 Annual Report 2020 GENERAL INFORMATION ON ESTONIAN PUBLIC BROADCASTING Name: Estonian Public Broadcasting (ERR) Legal form: legal entity in public law Postal address: Kreutzwaldi 14, 15029 Tallinn Telephone: +372 628 4100 E-mail: [email protected] Website: www.err.ee Registry code: 74002322 VAT payer’s registration number: EE101148858 Financial year: 1 January – 31 December 2020 Principal area of activity: production, transmission and archiving of broadcasting programmes Management Board: Erik Roose (Chairman of the Management Board) Riina Rõõmus Urmas Oru Joel Sarv Supervisory Board: Rein Veidemann (Chairman of the Supervisory Board) Peeter Espak Priit Hõbemägi Viktoria Ladõnskaja-Kubits Jevgeni Ossinovski Valdo Randpere Anti Poolamets Viktor Trasberg Marika Tuus-Laul Organising ministry: Ministry of Culture Auditor: AS PricewaterhouseCoopers Estonian Public Broadcasting is a member of the EBU. 3 Annual Report 2020 MANAGEMENT REPORT The year 2020 was everything but ordinary due to the global pandemic that affected the whole world. The new problems and resulting restrictions have also been leaving an unprecedented mark on the activities of Estonian Public Broadcasting since early March. Many plans launched in January and February had to