asked the Minister for Finance if he will bring up to date the information regarding profits and losses of companies in which the State has majority shareholding which was given in reply to Question No. 133 of 8th March, 1966.
Ceisteanna — Questions. Oral Answers. - Profits and Losses of State Companies.
173.
The following is the information requested: Companies in which the State has a majority shareholding. Profit (+) and losses (-) for the latest accounting year.
|
Year ended (See note (a)) |
£ |
||
|
Aer Rianta Teoranta |
31/3/66 |
+ |
244,797 |
|
Aer Lingus Teoranta |
31/3/66 |
+ |
36,873 |
|
Aerlinte Teoranta |
31/3/66 |
+ |
1,050,544 |
|
Agricultural Credit Corporation Ltd. |
30/4/66 |
+ |
95,410 |
|
Arramara Teoranta |
30/9/65 |
+ |
5,399 |
|
British and Irish Steampacket Co. Ltd. |
31/12/65 |
– |
87,752 |
|
Ceimicí Teoranta |
30/9/66 |
+ |
113,642 |
|
Comhlucht Siúicre Éireann Teo. (See note (b)) |
30/4/66 |
+ |
262,590 |
|
Dairy Disposal Co. Ltd. |
31/12/65 |
+ |
86,709 |
|
Cólucht Groighe Náisiúnta na h-Éireann Teo. |
31/12/65 |
+ |
18,929 |
|
Irish Steel Holdings Ltd. |
30/6/66 |
– |
65,657 |
|
Industrial Credit Company Ltd. (See note (c)) |
31/10/66 |
+ |
314,330 |
|
Irish Shipping Ltd. |
31/3/66 |
+ |
18,166 |
|
Irish Life Assurance Co. Ltd. (See note (d)) |
31/12/65 |
+ |
800,000 |
|
Min-Fhéir Teoranta |
31/3/66 |
– |
6,445 |
|
National Building Agency Ltd. |
31/3/66 |
+ |
6,723 |
|
Nítrigin Éireann Teoranta (See note (f)) |
30/6/66 |
+ |
8,391 |
|
Shannon Free Airport Development Co. Ltd. (See note (e)) |
31/3/66 |
– |
649,899 |
Depreciation, but not taxation, has been deducted in arriving at these figures.
NOTES:
(a) Years of account vary. The figures given are the latest available.
(b) Takes into account the loss (£1,205,278) on food processing charged to Profit and Loss Account. Figures given in reply to previous Questions were net after providing for taxation. If a similar basis were adopted on this occasion, the result would be a loss of £102,410.
(c) Does not include results of trading of wholly-owned subsidiaries.
(d) The surplus is the result of biennial valuation.
(e) Represents the deficit on the Company's Income and Expenditure Account before account is taken of State grants (£474,500) received.
(f) Arrived at without taking account of interest on Exchequer advances.