Wednesday, 2 July 2014

Questions (128)

Anthony Lawlor

Question:

128. Deputy Anthony Lawlor asked the Minister for Agriculture, Food and the Marine with regard to the annual accounts for Tote Ireland, which is a subsidiary of Horse Racing Ireland, if it is possible that greater detail than has heretofore been provided by HRI in respect of Tote Ireland will be included in the 2013 accounts; if these details could include salaries and costs associated with the operations of the tote, such as sponsorship and payments to racecourses; and if he will make a statement on the matter. [28615/14]

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Written answers (Question to Agriculture)

Tote Ireland Limited is a wholly owned subsidiary of Horse Racing Ireland. Tote Ireland Limited is incorporated under the Companies Acts. Financial statements are prepared for Tote Ireland Limited for each financial year in accordance with Irish company law and statutory returns are filed with the Companies Office. In addition the annual report and accounts of Tote Ireland Limited are laid by my Department before both Houses of the Oireachtas.

Most of the detail sought by the Deputy appears in the statutory accounts or in the Notes to the Financial Statements which form part of the statutory accounts. The 2012 annual report and accounts of Tote Ireland Limited, which are the most recent available, were laid before both Houses in 2013 and these show the following:

- Payments to Racecourses are included in the Profit and Loss Account, €135,648 (2012).

- Details in relation to Staff Numbers and Costs are contained in Note 1 to the Financial Statements.

- A detailed breakdown of Operating and Administration Expenses is contained in Note 2.

Details of Sponsorship costs are not published by Tote Ireland Limited. The Deputy may wish to request this information directly from Horse Racing Ireland