asked the Minister for Education if he will state, in respect of the boards, State companies, or any other bodies under the aegis of his Department, for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of (f) and (g) respectively for the four years and (i) the profit or loss, and whether there are now adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
Written Answers. - Gaeltarra Éireann.
Tréimhse |
Caillteanas |
Soláthar na tréimhse den díluachadh |
£ |
£ |
|
12 mhí go 31/3/68 |
165,774 |
31,739 |
12 mhí go 31/3/69 |
102,066 |
38,169 |
9 mí go 31/12/69 |
94,909 |
35,450 |
12 mhí go 31/12/70 |
207,597 |
39,913 |
£145,271 |
There are no such bodies operating under the aegis of my Department.
161.
asked the Minister for Agriculture and Fisheries if he will state, in respect of the boards, State companies, or any other bodies under the aegis of his Department, for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of (f) and (g) respectively for the four years and (i) the profit or loss, and whether there are now adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
The following is the information requested. The particulars given in each case relate to the financial year of the body concerned:
Bord na gCon
£000
Year Ended |
31/12/68 |
31/12/69 |
31/12/70 |
|
(a) |
326 |
389 |
467 |
|
(b) Reserves and Provisions |
326 |
389 |
467 |
|
(c) (d), (e) |
Not Applicable |
|||
(f) |
54 |
56 |
67 |
(h) Total 177 |
(g) |
20 |
16 |
15 |
(h) Total 51 |
(i) Profit |
93 |
64 |
78 |
|
(2) |
There are now tangible assets to repay (a) and (g) |
Bord Iascaigh Mhara
£000
Year Ended |
31/3/68 |
31/3/69 |
31/3/70 |
31/3/71 |
(a) |
2,437 |
2,754 |
2,519 |
2,985 |
(b) Capital Provided by the Exchequer |
||||
(i) Repayable Advances |
1,786 |
2,034 |
1,756 |
2,204 |
(ii) Non-repayable grants |
651 |
720 |
763 |
782 |
(c) |
4.3% |
4.2% |
8.9% |
4.6% |
(d) |
104 |
116 |
224* |
137* |
(e) |
89 |
98 |
362 |
173 |
(f) |
Nil |
Nil |
Nil |
Nil (h)Total Nil |
(g) |
21 |
36 |
39 |
41 (h)Total 137 |
(i) (1) Loss |
153 |
119 |
82 |
80 |
(2) |
There are now tangible assets to repay 98% of (a) and (g) |
* Those figures include £97,000 and £9,000 in respect of interest written off in the years 1969/70 and 1970/71 respectively.
Dairy Disposal Company Ltd.
£000
Year Ended |
31/12/68 |
31/12/69 |
31/12/70 |
|
(a) |
585 |
585 |
585 |
|
(b) (1) Exchequer |
585 |
585 |
585 |
|
(2) Associated Companies |
— |
— |
— |
|
(c) |
10% |
3.3% |
Nil |
|
(d) |
35 |
35 |
35 |
|
(e) |
Nil |
Nil |
Nil |
|
(f) |
5 |
Nil |
.5 |
(h) Total 5.5 |
(g) |
184 |
201 |
215 |
(h) Total 600 |
(i) (1) Profit/Loss |
29 (Profit) |
15 (Loss) |
373 (Loss) |
|
(2) There are now tangible assets to repay the totals of (a) and (g). |
162.
asked the Minister for Industry and Commerce if he will state, in respect of the boards, State companies, or any other bodies under the aegis of his Department, for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of (f) and (g) respectively for the four years and (i) the profit or loss, and whether there are now adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
I am seeking the information and I suggest that the Deputy might repeat the question in a week's time. I have assumed that it refers only to trading bodies.
163.
asked the Minister for Local Government if he will state, in respect of boards, State companies or any other bodies under the aegis of his Department for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of (f) and (g) respectively for the four years and (i) the profit or loss; and whether there are now adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
The following is the information requested:
1. An Foras Forbartha:
(a) The share capital is £100 being 100 shares of £1 each issued in 1964. |
|
(b) The shares are held as follows: Minister for Finance |
92 |
Minister for Local Government |
1 |
7 initial Directors (1 share each) |
7 |
100 |
(c)
(d)
(e)
(f) Not applicable as An Foras Forbartha is a non-profit making body.
(g)
(h) financed by Grant-in-Aid and Grant from the Road Fund.
(i)
2. National Building Agency:
(a) |
(b) |
(c) |
(d) |
(e) |
(f) |
(g) |
(h) |
(i) |
|
Year Ended |
Amount of Capital |
Source of Capital |
Yield on Capital |
Return paid on capital |
Amount of Capital repaid |
Amount provided for C.P.T. and Income Tax |
Depreciation |
Total of (f) and (g) |
Profit |
31st March, 1968 |
£1,391,000 |
Exchequer |
Not applicable |
Not applicable |
£6,891 |
£172 |
£1,012 |
£1,184 |
Not applicable |
31st March, 1969 |
£1,891,000 |
,, |
,, |
,, |
£8,619 |
£2,786 |
£1,331 |
£4,117 |
,, |
31st March, 1970 |
£2,391,000 |
,, |
,, |
,, |
£16,161 |
Nil |
£1,725 |
£1,725 |
,, |
31st March, 1971 |
£2,791,000 |
,, |
,, |
,, |
£19,868 |
Nil |
£2,095 |
£2,095 |
,, |
The Agency has adequate tangible assets to repay, if need be, the totals of (a) and (g) above.
164.
asked the Minister for Posts and Telegraphs if he will state, in respect of boards, State companies, or any other bodies under the aegis of his Department for 1968, 1969, 1970 and 1971 (a) the amount of capital employed on the 31st March, (b) how and from what source such capital was provided, (c) the yield on the total capital employed, (d) the return paid on the capital, (e) the amount of any capital repaid or converted, (f) the total amount paid in corporation profits and income tax, (g) the amount set aside for depreciation, (h) the total of (f) and (g) respectively for the four years and (i) the profit or loss; and whether there are now adequate tangible assets to repay, if need be, the totals of (a) and (g) and if not, what proportion could be repaid.
Radio Telefís Éireann is the only such body for which I have responsibility. The particulars requested by the Deputy are as follows:
(a) Loan Capital (£000) on 31st March:
1968 |
1969 |
1970 |
1971 |
2,100 |
2,100 |
2,300 |
2,700 |
(b) The capital comprises (i) repayable advances made by the Exchequer under Section 23 of the Broadcasting Authority Act, 1960, (ii) a sum of £249,900 representing the value of property and rights transferred to the Authority under Section 32 of the same Act, (iii) sums of £200,000 per annum borrowed from the R.T.E. Superannuation Fund in each of the years 1969-70 and 1970-71, and (iv) a sum of £200,000 borrowed from a commercial bank in 1970-71.
(c) The yield earned on capital, before charging interest, was:
1968 |
1969 |
1970 |
1971 |
23.0% |
12.4% |
4.4% |
5.2% |
(d) The return paid on Exchequer advances all of which were made between 1961 and 1968 was at the lending rate fixed for such advances, varying between 6% and 7%.
Interest on borrowing from the Superannuation Fund varied between 10% and 10?%.
Bank interest rate in 1970-71 was 9½%.
(e) and (f) Nil.
(g) The amount charged against income in respect of depreciation in each of the 4 years (ending 31st March), is:
1968 |
1969 |
1970 |
1971 |
£221,280 |
£262,261 |
£253,002 |
£234,187 |
(h) as at (g).
(i)
1968 |
1969 |
1970 |
1971 |
Surplus: |
Surplus: |
Deficit: |
Surplus: |
£370,824 |
£144,312 |
£21,383 |
£3,647 |
There are now adequate tangible assets to repay, if need be, the loan capital and the outstanding depreciation liability but the assets consist mostly of land, buildings and equipment necessary for the provision of the broadcasting services.
NOTE:
The final RTE accounts for 1970-71 are not yet available, and the figures given for that year are provisional.