asked the Taoiseach if he will state the amount of the profits of public and private companies in 1952 as computed for national income purposes and the amount put to reserves.
Ceisteanna—Questions. Oral Answers. - Company Profits.
The estimated figure for the profits before tax of public and private companies from their operations within the State, whether such companies are incorporated in the State or abroad, was £34,000,000 in 1952. The estimate of the undistributed profits after tax of all companies incorporated in the State was £13,000,000 in 1952.
Due to the inevitable delays involved before data for the satisfactory estimation of such figures become available, the estimates given for 1952 cannot, as stated in the Irish Statistical Survey,1951-52 (Pr. 1983), be considered as more than conjectural. In the use of such statistics, all the relevant definitions given in the survey should be borne in mind as, for example, the fact that in deriving the figure quoted for profits the allowances made for depreciation are the wear and tear and obsolescence allowance for income-tax purposes.