asked the Minister for Finance (a) the capital employed (b) the profit or loss before taxation (c) the total wages and salaries paid (d) the number of employees and (e) the value of exports for 1971 or 1971-1972 and each subsequent year in respect of the following: (i) the Agricultural Credit Corporation (ii) Comhlucht Siúicre Éireann Teoranta (iii) Industrial Credit Company (iv) Irish Life Assurance Company and (v) the Central Bank of Ireland.
Written Answers. - State Companies' Statistics.
287.
Following is the information requested:
|
Year ended |
Capital Employed |
Profit (Loss) before Taxation |
Total wages and salaries paid |
Number of Employees |
Value of Exports |
|
|
£ |
£ |
£ |
£ |
|||
|
Agricultural Credit Corporation |
30/4/72 |
39,524,000 |
362,000 (a) |
293,765 |
202 |
|
|
30/4/73 |
57,674,000 |
395,000 (a) |
379,000 |
252 |
Does not arise |
|
|
30/4/74 |
88,822,000 |
54,000 (a) |
594,000 |
325 |
||
|
Comhlucht Siúicre Éireann |
30/4/72 |
11,465,000 |
581,000 |
5,616,000 |
3,757 (b) |
6,381,000 |
|
Teoranta |
30/4/73 |
10,412,000 |
1,597,000 |
5,872,000 |
3,590 (b) |
6,234,000 |
|
30/4/74 |
12,305,000 |
657,000 |
7,194,000 |
3,401 (b) |
5,534,000 |
|
|
Industrial Credit Company Ltd. |
31/10/72 |
26,358,000 |
703,000 (c) |
219,000 |
106 |
|
|
(including wholly-owned subsidiary companies) |
31/10/73 |
28,088,000 |
910,000 (c) |
296,000 |
114 |
Does not arise |
|
31/10/74 |
41,284,000 |
1,022,000 (c) |
376,000 |
134 |
||
|
Irish Life Assurance Company |
31/12/71 |
106,006,000 |
825,000 (d) |
1,567,000 |
1,180 |
2,951,000 (e) |
|
31/12/72 |
133,093,000 |
900,000 (d) |
1,693,000 |
1,210 |
3,738,000 (e) |
|
|
31/12/73 |
164,919,000 |
1,300,000 (d) |
2,032,000 |
1,255 |
4,529,000 (e) |
|
|
31/12/74 |
171,023,000 |
1,100,000 (d) |
2,545,000 |
1,266 |
3,086,000 (e) |
|
|
Central Bank of Ireland |
31/3/72 |
209,357,000 |
11,997,000 |
460,905 |
313 |
|
|
31/3/73 |
227,175,000 |
10,990,000 |
636,625 |
365 |
Does not arise |
|
|
31/3/74 |
259,073,000 |
15,552,000 |
782,701 |
463 |
(a) In 1974, the corporation changed its accounting system, which has changed its method of calculating profits. In effect the provision for bad and doubtful debts which had been previously charged against the profits is now included in the revenue reserves.
(b) These figures represent the average employment in the company during the year.
(c) In 1973, the company changed the basis of accounting for Provisions in its Accounts, which were previously written off in the revenue reserves. Provisions are now written off in the company's profit and loss account.
(d) These figures represent surpluses on periodic valuations.
(e) These figures represent premium income from abroad.
288.
asked the Minister for Agriculture and Fisheries (a) the capital employed (b) the profit or loss before taxation (c) the total wages and salaries paid (d) the number of employees and (e) the value of exports for 1971 or 1971-1972 and each subsequent year in respect of each of the following:
(i) the Dairy Disposal Company and
(ii) Bord Iascaigh Mhara.
With the permission of the Cheann Comhairle, I propose to circulate the reply in the form of a tabular statement. Following is the reply:
Dairy Disposal Company Ltd. and Subsidiary Companies.
|
1971 |
1972 |
1973 |
1974 |
|
|
£ |
£ |
£ |
||
|
(a) Capital employed |
2,229,777 |
2,994,001 |
2,496,854 |
See Note (1) |
|
(b) Profit before taxation |
38,829 |
115,308 |
77,730 |
|
|
(c) Total wages and salaries |
1,915,091 |
1,970,727 |
2,095,019 |
|
|
(d) Number of employees (2) |
1,352 |
1,192 |
1,131 |
718 |
|
(e) Value of exports |
6,661,153 |
10,126,233 |
8,806,286 |
2,999,721 |
Notes:
(1) The 1974 accounts of the Dairy Disposal Company Ltd. and subsidiary companies are not yet available and therefore the information required at (a), (b) and (c) cannot be furnished.
(2) Average yearly figures.
An Bord Iascaigh Mhara.
|
1971-72* |
1972-73* |
1973-74* |
1st April to 31st December 1974† |
|
|
£ |
£ |
£ |
£ |
|
|
(a) Capital employed |
2,416,502 |
3,444,631 |
4,484,593 |
not available |
|
(b) Profit or (Loss) |
3,394 |
(8,021) |
21,869 |
do. |
|
(c) Total wages and salaries |
362,277 |
427,368 |
537,428 |
do. |
|
(d) Number of Employees |
260 |
295 |
320 |
368 |
|
(e) Value of Exports‡ |
Nil |
Nil |
Nil |
Nil |
Notes:
*Financial year ended 31st March.
†The final accounts for An Bord Iascaigh Mhara for this financial period are not yet available and therefore the information required at (a), (b) and (c) is not included.
‡An Bord Iascaigh Mhara is primarily a development body and does not engage in exports.