Robert Molloy
Question:50 Mr. Molloy asked the Minister for Finance the dividends paid to the Exchequer in each of the last ten years by each commercial State-sponsored body compared with post-tax surpluses; and the percentage in each case.
Written Answers. - State-sponsored Bodies.
The information required by the Deputy is set out in the following table.
TABLE
Dividends paid to the Exchequer by, and post-tax surpluses of, Commercial State Bodies in the years 1983-1992
£ million
|
1983 |
1984 |
1985 |
1986 |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
|
|
Aer Lingus/Aer Linte |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
2.182 |
2.520 |
0.5 |
— |
|
|
(2) Post-tax Surplus |
(2.5) |
5.0 |
11.6 |
16.6 |
16.8 |
32.2 |
36.097 |
27.6 |
8.1 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
7% |
7% |
9% |
6% |
— |
|
Aer Rianta |
||||||||||
|
(1) Dividends |
5.581 |
9.090 |
9.691 |
11.072 |
12.053 |
11.755 |
15.089 |
14.846 |
18.289 |
— |
|
(2) Post-tax Surplus |
6.947 |
10.646 |
11.501 |
13.233 |
17.501 |
23.178 |
27.858 |
28.104 |
22.104 |
N.AV. |
|
(3) (1) as % of (2) |
80% |
85% |
84% |
84% |
69% |
51% |
54% |
53% |
83% |
— |
|
ACC Bank |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
0.382 |
— |
|
(2) Post-tax Surplus |
0.401 |
0.982 |
0.667 |
0.221 |
(14.985) |
1.669 |
3.614 |
4.459 |
4.614 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
8% |
— |
|
An Post¹ |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
N.AP. |
(0.377) |
(1.804) |
0.673 |
1.576 |
0.634 |
(2.655) |
(8.701) |
(3.145) |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Arramara Teo¹ |
||||||||||
|
(1) Dividends |
0.004 |
— |
— |
0.004 |
0.004 |
0.004 |
0.004 |
0.004 |
0.004 |
— |
|
(2) Post-tax Surplus |
0.087 |
(0.036) |
(0.127) |
0.019 |
0.011 |
0.012 |
0.037 |
0.007 |
0.036 |
N.AV. |
|
(3) (1) as % of (2) |
5% |
— |
— |
21% |
36% |
33% |
11% |
57% |
11% |
— |
|
B & I |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
(11.526) |
(27.664) |
(29.601) |
(15.356) |
(19.953) |
(1.535) |
(1.462) |
(3.421) |
(1.708) |
N.AP. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Bord na gCon |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
(0.177) |
0.030 |
0.005 |
0.047 |
0.002 |
(0.084) |
(0.023) |
0.464 |
(0.093) |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Bord Gais Éireann |
||||||||||
|
(1) Dividends |
63,000 |
54,000 |
80,000 |
15,550 |
— |
— |
— |
15,000 |
28,000 |
25,000 |
|
(2) Post-tax Surplus |
70,146 |
80,675 |
93,824 |
33,424 |
10,601 |
21,477 |
43,211 |
43,103 |
54,934 |
N.AV. |
|
(3) (1) as % of (2) |
90% |
67% |
85% |
46% |
— |
— |
— |
35% |
51% |
— |
|
Bord na Mona |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
15.996 |
12.734 |
5.250 |
(17.664) |
(15.869) |
(4.890) |
(90.963) |
2.550 |
.054 |
2.286 |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Bord Telecom |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
N.AP. |
N.AP. |
(82.7) |
(24.3) |
(8.2) |
16.6 |
53.2 |
79.2 |
91.9 |
87.2 |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
13% |
38% |
47% |
|
Ceimici Teoranta |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
(0.699) |
(1.051) |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Coillte Teo |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
(0.345) |
0.415 |
0.210 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Custom House Docks Develop- ment Authority |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
1.350 |
|
(2) Post-tax Surplus |
N.AP. |
N.AP. |
N.AP. |
0.050 |
(0.460) |
(0.107) |
(0.451) |
0.214 |
0.695 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
CIE |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
(20,622) |
(0.004) |
6.793 |
4.364 |
(9.279) |
(12.684) |
5.239 |
(3.666) |
9.673 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
ESB |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
(23.298) |
(27.018) |
(7.666) |
6.369 |
(5.539) |
5.413 |
11.577 |
1.607 |
3.885 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
HFA |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
5.000 |
— |
|
(2) Post-tax Surplus |
(0.317) |
0.010 |
(2.042) |
(4.531) |
0.044 |
1.900 |
1.551 |
0.626 |
6.854 |
3.011 |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
73% |
— |
|
ICC Bank |
||||||||||
|
(1) Dividends |
0.795 |
0.795 |
0.795 |
1.079 |
1.438 |
1.438 |
1.438 |
1.438 |
1.797 |
2.037 |
|
(2) Post-tax Surplus |
2.773 |
2.247 |
2.184 |
2.291 |
2.648 |
2.974 |
10.309 |
6.484 |
3.909 |
5.965 |
|
(3) (1) as % of (2) |
29% |
35% |
36% |
47% |
54% |
48% |
14% |
22% |
46% |
34% |
|
Irish Life |
||||||||||
|
(1) Dividends |
0.195 |
0.234 |
0.269 |
0.309 |
0.356 |
0.409 |
0.471 |
0.541 |
— |
— |
|
(2) Post-tax Surplus |
0.381 |
0.511 |
0.557 |
0.567 |
0.616 |
0.617 |
0.605 |
30,328 |
N.AP. |
N.AP. |
|
(3) (1) as % of (2) |
51% |
46% |
48% |
54% |
58% |
66% |
78% |
2% |
— |
— |
|
Irish National Stud |
||||||||||
|
(1) Dividends |
0.075 |
0.032 |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
0.394 |
0.472 |
0.351 |
(0.036) |
0.143 |
(0.429) |
(0.467) |
(0.566) |
(0.786) |
N.AV. |
|
(3) (1) as % of (2) |
19% |
7% |
— |
— |
— |
— |
— |
— |
— |
— |
|
Irish National Petroleum Corp. |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
0.128 |
0.098 |
0.118 |
0.803 |
1.655 |
0.535 |
0.374 |
0.679 |
1.500 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Irish Shipping |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
|||
|
(2) Post-tax Surplus |
(14.001) |
(34.236) |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Kilkenny Design Workshops |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
|||
|
(2) Post-tax Surplus |
0.013 |
0.029 |
(0.041) |
(0.376) |
(0.532) |
(0.881) |
N.AP. |
N.AP. |
N.AP. |
N.AP. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Irish Steel |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
(21.489) |
(23.074) |
(17.488) |
0.501 |
(4.985) |
(4.540) |
2.317 |
0.744 |
(2.510) |
(6.148) |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
National Building Agency |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
0.300 |
0.408 |
0.421 |
0.033 |
(0.062) |
0.082 |
0.289 |
0.361 |
0.277 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Nítrigin Éireann Teo |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
(25.322) |
2.877 |
4.820 |
(19.564) |
(15.641) |
(16.585) |
(4.612) |
(9.544) |
(2.547) |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Racing Board |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
0.377 |
0.060 |
0.077 |
0.457 |
0.111 |
0.360 |
02.777 |
0.745 |
0.028 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
RTE |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
0.090 |
(0.372) |
0.828 |
3.496 |
8.924 |
5.298 |
5.800 |
25.628 |
8.774 |
N.AV. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
Siuicre Éireann |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
(2) Post-tax Surplus |
(5.900) |
5.179 |
(6.998) |
(7.977) |
9.246 |
11.886 |
14.863 |
12.257 |
N.AP. |
N.AP. |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
|
VHI (1) |
||||||||||
|
(1) Dividends |
— |
— |
— |
— |
— |
— |
— |
— |
— |
3.000 |
|
(2) Post-tax Surplus |
(0.276) |
1.341 |
2.357 |
6.923 |
2.861 |
(12.325) |
(11.276) |
6.211 |
8.845 |
8.427 |
|
(3) (1) as % of (2) |
— |
— |
— |
— |
— |
— |
— |
— |
— |
36% |
Notes
Years are the calendars years in which financial year of bodies concerned ended. Dividends relate to surpluses in the years in questio n and were nphi necessarily paid in those years. Dividends include distributions and other similar payments to the Exchequer.
1 Established 1984.
2 Ceased to be a State Body in January 1992.
3 In receivership.
4 Established 1986.
5 Ceased to be a State Body in 1991.
6 In liquidation.
7 Non-trading.
8 Ceased to be a State Body in 1991.