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Dáil Éireann Debate, Thursday - 19 July 2012

Thursday, 19 July 2012

Questions (322)

Kevin Humphreys

Question:

323 Deputy Kevin Humphreys asked the Minister for Jobs, Enterprise and Innovation if the €329,234,000 earned from the proceeds of sales of companies in which Enterprise Ireland invested between 2000 and end of 2011 is inclusive of the original investment; the total sum of investments made by Enterprise Ireland in that period; if he will provide a breakdown of amount invested by year; and if he will make a statement on the matter. [36874/12]

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Written answers

The figure of €329,234,000 earned by Enterprise Ireland from the proceeds of sales of companies is inclusive of the original investment.

The total sum of investments made by Enterprise Ireland in that period amounted to €369,389,000.

Details of the amounts invested by Enterprise Ireland from 2000-2011 and the Profit/Loss on disposal of Investments 2000-2011 are set out in the following tabular statements.

Table 1: Amounts invested by Enterprise Ireland from 2000-2011

Year

No. of Companies

Cost of Investment €’000

2011

201

35,224

2010

184

44,453

2009

217

74,002

2008

105

30,702

2007

101

23,679

2006

89

25,033

2005

92

21,509

2004

101

25,648

2003

102

22,774

2002

97

16,916

2001

121

29,429

2000

99

20,020

Total

1,509

369,389

Table 2: Profit/Loss on disposal of Investments 2000-2011

Year

Sales Proceeds €’000

Cost of Disposals €’000

Profit/(Loss) €’000

2011

32,016

24,970

7,046

2010

14,685

16,444

(1,759)

2009

9,105

18,582

(9,477)

2008

14,531

20,587

(6,056)

2007

18,974

28,793

(9,819)

2006

19,886

14,649

5,237

2005

32,874

12,027

20,847

2004

13,143

7,495

5,648

2003

11,642

6,722

4,920

2002

12,025

7,047

4,978

2001

49,552

11,036

38,516

2000

100,801

8,265

92,536

Total

329,234

176,617

152,617

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