asked the Minister for Energy if he will state in respect of the ESB, (1) the date of establishment of the company and the initial equity capital subscribed; (2) the equity capital, if any, provided by the Exchequer in each of the years 1982, 1983 and 1984 and the total amount of equity capital at the end of each of the years 1982, 1983, and 1984; (3) the total amount of the loans provided by the Exchequer to the company in each of the years 1982, 1983 and 1984, the total amount of loan interest paid by the company to the Exchequer in each of these years, and the total amount of the loans outstanding to the Exchequer at the end of 1982, 1983 and 1984; (4) the total amount of all loans raised by the company from all sources, excluding the Exchequer, in each of the years 1982, 1983 and 1984, the amount of such loans guaranteed by the Exchequer, and the total amount of interest paid on all non-Exchequer loans in each of these years; (5) the amount of any grant, subsidy or payment for services, specifying the amount and nature of each, made by the Exchequer in each of the years 1982, 1983 and 1984; and (6) the amount of (a) gross profits, and (b) any dividends or other payments made by the company to the Exchequer in each of the years 1982, 1983 and 1984.
Written Answers. - State and Semi-State Bodies.
The information requested by the Deputy is shown in the following statement. The figures are given for the years ending 31 March 1982, 31 March 1983 and 31 March 1984.
1. ESB established in 1927 by Electricity (Supply) Act, 1927 — No Equity Capital.
2. No Equity Capital.
3. No Exchequer loans in 1982, 1983 or 1984.
|
Year Ended 31.3 |
£000 |
||
|
1982 |
1983 |
1984 |
|
|
Total Exchequer Loans outstanding |
41,173 |
39,566 |
37,887 |
|
Total Loan Interest Payable to Exchequer |
1,919 |
1,842 |
1,780 |
|
4. Total “Other Long Term Loans” raised during year (all State Guaranteed) |
158,881 |
190,313 |
157,681 |
|
Total Interest payable on all other than Exchequer Loans outstanding |
82,419 |
96,412 |
111,809 |
|
5. Exchequer grants received |
Nil |
Nil |
Nil |
|
6. Results — Surplus — (Deficit) |
5,933 |
(5,658) |
(23,298) |
|
7. Dividents and other payments to Exchequer: Dividends |
Nil |
Nil |
Nil |
543.
asked the Minister for Energy if he will state in respect of Bord na Móna (1) the date of establishment of the company and the initial equity capital subscribed; (2) the equity capital, if any, provided by the Exchequer in each of the years 1982, 1983, 1984, and the total amount of equity capital at the end of each of the years 1982, 1983, 1984; (3) the total amount of the loans provided by the Exchequer to the company in each of the years 1982, 1983 and 1984, the total amount of loan interest paid by the company to the Exchequer in each of these years, and the total amount of the loans outstanding to the Exchequer at the end of 1982, 1983 and 1984; (4) the total amount of all loans raised by the company from all sources, excluding the Exchequer, in each of the years 1982, 1983 and 1984, the amount of such loans guaranteed by the Exchequer, and the total amount of interest paid on all non-Exchequer loans in each of these years; (5) the amount of any grant, subsidy or payment for services, specifying the amount and nature of each, made by the Exchequer in each of the years 1982, 1983 and 1984, and (6) the amount of (a) gross profits, and (b) any dividends or other payments made by the company to the Exchequer in each of the years 1982, 1983, 1984.
The information requested is given in the following statement:
The information given below is in respect of financial years ending on 31 March.
(1) Bord na Móna was established in 1946 pursuant to the provisions of the Turf Development Act of the same year. The board has not at any time had equity capital.
(2) See reply to (1) above.
(3)
|
Year |
Exchequer Loans |
Total Loan Interest paid to the Exchequer |
Total of Loans outstanding to the Exchequer |
|
1982 |
Nil |
£0.9m |
£34m |
|
1983 |
(a) £3.2m |
£2.4m |
£36.2m |
|
1984 |
Nil |
£3.6m |
£33.6m |
(4)
|
Year |
Non-Exchequer Loans |
Amount of Non-Exchequer Loans guaranteed by Exchequer |
Amount of Interest paid on all non-Exchequer loans outstanding |
|
1982 |
£9.3m |
£9.3m |
£7.4m |
|
1983 |
£28m |
£28m |
£10m |
|
1984 |
£25m |
£25m |
£11.6m |
(5) Nil
(6) (a)
|
Year |
Trading Surplus |
|
1982 |
£4.4m (b) |
|
1983 |
£26.9m |
|
1984 |
£30.7m |
(b) Nil except interest payments.
(a) represents interest on Third Development Programme advances which was converted to a repayable advance.
(b) After transfer of £7.6 million to Third Development Programme Reserve Fund in 1982.
544.
asked the Minister for Energy if he will state in respect of Bord Gáis (1) the date of establishment of the company and the initial equity capital subscribed; (2) the equity capital, if any, provided by the Exchequer in each of the years 1982, 1983, 1984, and the total amount of equity capital at the end of each of the years 1982, 1983, 1984; (3) the total amount of the loans provided by the Exchequer to the company in each of the years 1982, 1983 and 1984, the total amount of loan interest paid by the company to the Exchequer in each of these years, and the total amount of the loans outstanding to the Exchequer at the end of 1982, 1983 and 1984; (4) the total amount of all loans raised by the company from all sources, excluding the Exchequer, in each of the years 1982, 1983 and 1984, the amount of such loans guaranteed by the Exchequer, and the total amount of interest paid on all non-Exchequer loans in each of these years; (5) the amount of any grant, subsidy or payment for services, specifying the amount and nature of each, made by the Exchequer in each of the years 1982, 1983 and 1984, and (6) the amount of (a) gross profits, and (b) any dividends or other payments made by the company to the Exchequer in each of the years 1982, 1983, 1984.
The information requested is given in the following statement:
1. Date of establishment: 13 September, 1976. Initial equity capital subscribed: Nil
2. Equity capital provided by the Exchequer, and total amount of equity capital at year end:
1982 — Nil
1983 — Nil
1984 — Nil
3. Total amount of loans provided by the Exchequer, loan interest paid to the Exchequer, and, total amount of loan outstanding to the Exchequer at year end:
1982 — Nil
1983 — Nil
1984 — Nil
4. Total amount of all loans raised from all sources, excluding the Exchequer:
1982 — £24,786,000
1983 — £20,244,000
1984 — Nil
Amount of such loans guaranteed by the Exchequer:
1982 — £24,786,000
1983 — £20,244,000
1984 — Nil
Amount of interest paid on all non-Exchequer loans outstanding:
1982 — £1,256,000
1983 — £4,874,000
1984 — £5,467,000
5. The amount of any grant, subsidy or payment made by the Exchequer to the company:
1982 — Nil
1983 — Nil
1984 — Nil
6. (a) Amount of gross profits:*
1982 — £29,416,000
1983 — £70,146,000
1984 — £80,675,000
(b) Payments made to the Exchequer by the company:
|
Dividends |
Corporation Tax |
|
|
£ |
£ |
|
|
1982 |
33,000,000 |
Nil |
|
1983 |
63,000,000 |
12,920,000 |
|
1984 |
71,000,000 |
353,000 |
*Gross profit is interpreted as being profits after provision for tax but before dividend.