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Dáil Éireann debate -
Thursday, 28 Nov 1968

Vol. 237 No. 9

Ceisteanna—Questions. Oral Answers. - Semi-State Body Statistics.

136.

asked the Minister for Industry and Commerce if he will give details of (a) the share capital, (b) the loan capital, (c) profit or loss, (d) wages paid, (e) the number of employees and (f) the amount and value of exports for each of the semi-State companies for which his Department is responsible, for each of the years 1951, 1958, 1959 and 1961 to 1968 inclusive.

As the information requested by the Deputy is in the form of tabular statements, I propose with your permission, a Cheann Comhairle, to have the statements circulated with the Official Report. The details are given for the latest year in each case for which the company's accounts have been published, and are in respect of the trading companies for which I am responsible.

Following are the statements:—

NÍTRIGIN Éireann Teoranta (which was incorporated on 3rd October, 1961 and which commenced to trade on 3rd May, 1965)

Year ended

Share Capital

Loan Capital

Profit/Loss

Wages Paid

Number of employees

Amount and Value of Exports

(a)

(b)

(c)

(d)

(e)

(f)

£

£

£

£

£

30/6/62

5

34,000

6,330

13

30/6/63

5

1,544,000

13,370

17

30/6/64

6

3,829,000

36,000

30

30/6/65

97

5,649,000

50,395

112,000

280

19,000

(loss)

30/6/66

97

6,000,000

8,391

391,000

412

234,000

(profit)

30/6/67

97

6,000,000

108,634

548,000

564

38,000

(profit)

NOTES:

(a) The figures under this heading represent the issued share capital of the company at 30th June each year.

(b) The figures under this heading exclude commercial loans and bank overdraft accommodation. The figures represent the total sums advanced from the Exchequer to the company by the 30th June each year out of the total £6 million (maximum) authorised to be advanced to the company by way of interest bearing repayable advances in accordance with the NÍtrigin Éireann Teoranta Act, 1963.

(c) The figures under this heading represent profit providing for depreciation, directors' emoluments and auditor's fee and before providing for taxation or for the payment of interest on the advances from the Exchequer.

(d) The figures under this heading include salaries as well as wages.

(f) Exports can be expressed in value only.

Ceimicí Teoranta

Year ended

Share Capital

Loan Capital

Profit/Loss

Wages Paid

Number of Employees

Amount and value of Exports

(a)

(b)

(c)

(d)

(e)

(f)

Permanent

Seasonal

£

£

£

£

£

30/9/51

275,763

Nil

37,667

40,158

151

24

Nil

(Loss)

30/9/58

495,766

Nil

52,386

57,482

119

35

42,674

(Profit)

30/9/59

495,766

Nil

153,318

58,012

114

11

Nil

(Profit)

30/9/61

495,766

Nil

98,212

83,417

117

61

125,497

(Profit)

30/9/62

495,766

Nil

117,016

92,496

114

48

139,318

(Profit)

30/9/63

495,766

Nil

68,445

88,547

115

56

85,718

(Profit)

30/9/64

495,767

Nil

70,289

115,964

114

65

60,284

(Loss)

30/9/65

495,767

Nil

27,467

104,232

114

31

68,129

(Profit)

30/9/66

495,767

Nil

113,642

92,496

110

30

38,606

(Profit)

30/9/67

495,767

Nil

126,909

100,538

112

32

32,507

(Profit)

NOTES:

(a) The figures under this heading represent the issued share capital of the Company at the 30th September, each year.

(c) The figures under this heading represent profit before taxation and after providing for depreciation and directors' emoluments and auditor's fee.

(d) The figures under this heading include salaries as well as wages.

(f) The figures under this heading cover a number of different commodities manufactured by the company and can be expressed in value only.

Irish Steel Holdings Ltd.

(a)

(b)

(c)

(d)

(e)

(f)

Year ended 30th June

Share Capital

Loan Capital

Profit or Loss

Wages Paid

Number of employees

Amount and value of Exports

£

£

£

£

1951

3

Nil

58,449

145,000

422

(profit)

1958

3

Nil

71,720

240,000

469

185,689

(profit)

1959

3

Nil

79,776

270,000

531

370,898

(profit)

1961

1,400,000

Nil

51,244

383,000

661

362,489

(profit)

1962

3,100,002

Nil

43,668

459,000

705

189,376

(profit)

1963

4,400,000

Nil

257,448

522,000

730

40,306

(loss)

1964

4,400,000

Nil

191,081

669,000

795

432,744

(loss)

1965

5,500,000

Nil

4,200

685,000

775

965,462

(profit)

1966

5,650,000

Nil

65,657

620,000

695

941,878

(loss)

1967

5,785,000

Nil

182,488

800,000

769

696,665

(profit)

1968

5,785,000

Nil

433,221

826,000

775

552,222

(profit)

(a) The figures under this heading represent issued share capital as at the 30th June each year.

(b) The figures under this heading exclude commercial loans and bank overdraft accommodation.

(c) The figures under this heading represent profit after providing for depreciation, directors' emoluments and Audit Fee and before providing for taxation.

(d) The figures under this heading include salaries as well as wages.

(f) Exports can be expressed in value only.

Mín Fhéir (1959) Teo. (which was incorporated on 5th May, 1960 and which commenced to trade on 30th April, 1964).

Year ended

Share Capital

Loan Capital

Profit or Loss

Wages Paid

Number of Employees

Amount and value of Exports

(a)

(b)

(c)

(d)

(e)

(f)

£

£

£

31/3/61

30,007

Nil

4,166

26

31/3/62

57,000

Nil

9,298

29

31/3/63

115,000

Nil

17,666

43

31/3/64

165,000

Nil

10,529

36

31/3/65

200,000

Nil

Loss of £6,173

8,422

26

2,436

31/3/66

200,000

Nil

Loss of £6,959

9,959

26

2,356

31/1/67

200,000

Nil

Loss of £12,857

9,337

28

4,243

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