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Dáil Éireann debate -
Thursday, 11 Dec 1969

Vol. 243 No. 7

Ceisteanna—Questions. Oral Answers. - State-Sponsored Trading Bodies.

50.

asked the Minister for Industry and Commerce (a) the share capital, (b) the loan capital, (c) the net profit before taxation, (d) the total wages and salaries paid, (e) the number of employees and (f) the value of exports, in respect of each State-sponsored trading body for which he is responsible for each of the last two years for which the information is available.

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.

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

Net Profit before Taxation

Total Wages and Salaries Paid

Number of employees

Value of Exports

(a)

(b)

(c)

(d)

(e)

(f)

£

£

£

£

£

30/6/67

97

6,000,000

108,634

548,000

564

38,000

30/6/68

97

6,000,000

329,372

664,000

590

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. This figure represents the sum advanced from the Exchequer to the company as repayable advances in accordance with the Nítrigin Éireann Teoranta Act, 1963.

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

Ceimicí Teoranta

Year ended

Share Capital

Loan Capital

Net Profit before Taxation

Total Wages and Salaries

Number of employees

Value of Exports

(a)

(b)

(c)

(d)

(e)

(f)

£

£

£

£

£

Permanent

Seasonal

30/9/67

495,767

nil

126,909

100,538

112

32

32,507

30/9/68

495,767

nil

87,629

124,772

125

40

34,361

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 net profit after providing for depreciation and directors' emoluments and auditor's fee.

Irish Steel Holding Ltd.

Year ended 30th June

Share Capital (Issued)

Loan Capital

Net Profit before Taxation

Total Wages and Salaries Paid

Number of employees

Value of Exports

(a)

(b)

(c)

(d)

(e)

(f)

£

£

£

£

£

1968

5,785,000

Nil

433,221

825,561

775

552,000

1969

5,785,000

Nil

524,940

998,263

832

656,000

(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 and before providing for taxation.

Min 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

Net Profit before Taxation

Total Wages and Salaries Paid

Number of employees

Value of Exports

(a)

(b)

(c)

(d)

(e)

(f)

£

£

£

£

£

31/3/67

200,000

Nil

Loss of £12,857

9,729

28

£4,243

31/3/68

200,000

Nil

Profit of £199

10,596

26

7,560

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