Thursday, 12 July 2012

Questions (98)

Kevin Humphreys

Question:

97 Deputy Kevin Humphreys asked the Minister for Jobs, Enterprise and Innovation the amount Enterprise Ireland has lost on investments since the year 2000 on an annual basis for companies that have gone into liquidation or receivership; and if he will make a statement on the matter. [34117/12]

View answer

Written answers (Question to Minister for Jobs, Enterprise and Innovation)

Between 2000 and the end of 2011, Enterprise Ireland incurred losses of €35,548,000 on its investments in companies that have gone into liquidation or receivership. In the same period, Enterprise Ireland earned €329,234,000 from the proceeds of sales of companies in which it had invested. Details for each year are set out in the table:

Investment amounts lost on companies in Liquidation/Receivership and the Sales proceeds earned on investments 2001-2011

Year of Loss

Amount lost €’000

No. of Companies

Sales Proceeds €’000

2000

0

100,801

2001

0

49,552

2002

2,471

13

12,025

2003

0

11,642

2004

4,342

23

13,143

2005

3,684

17

32,874

2006

4,703

11

19,886

2007

4,436

14

18,974

2008

2,134

12

14,531

2009

5,363

23

9,105

2010

3,529

13

14,685

2011

4,886

17

32,016

Total

35,548

143

329,234