IFI Report Record Year

In another article from The Sunday Business Post the Irish Film Institute (IFI) reported a 7.5% increase in turnover, and took in €4.3 million last year.

The institute, which shows arthouse and less mainstream films, had a surplus of more than €121,000 for the year, up from just under €104,000 in 2006. Annemarie Gray, acting director of the IFI, said that more than 300,000 people visited the centre for screenings and other activities each year.

"We are reinvesting the end-of-year surplus in current and future cultural activities, including our education and archive programmes, alongside a significant cultural development project," Gray said.

The IFI had €1.1 million in cash on its balance sheet last year, including more than €500,000 that it is obliged to spend on future projects.