Tuesday, 21 May 2019

Questions (171, 172, 173)

Joan Burton

Question:

171. Deputy Joan Burton asked the Minister for Finance the estimated gross assets of companies that were involved in aircraft leasing in each of the years 2012 to 2018, in tabular form. [21670/19]

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Joan Burton

Question:

172. Deputy Joan Burton asked the Minister for Finance the estimated total indebtedness of companies that were involved in aircraft leasing in each of the years 2012 to 2018, in tabular form. [21671/19]

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Joan Burton

Question:

173. Deputy Joan Burton asked the Minister for Finance the estimated number of employees directly employed here by companies which were involved in aircraft leasing in each of the years 2012 to 2018, in tabular form. [21672/19]

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Written answers (Question to Finance)

I propose to take Questions Nos. 171 to 173, inclusive, together.

The most recent information available is from the CSO publication, Aircraft Leasing in Ireland 2007-2016. 

 In relation to the number of direct employees in aircraft leasing companies, the CSO report shows that this has increased from 1,010 in 2012 to 1,482 in 2016.

Table 1 Direct employees in companies of aircraft leasing

 

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Persons employed

396

546

737

821

895

1,010

1,086

1,180

1,321

1,482

Total pay

€41m

€62m

€82m

€106m

€110m

€123m

€132m

€164m

€207m

€245m

  The CSO report shows the total liabilities of companies involved in aircraft leasing has risen from €60.6bn in 2012 to €141.1bn in 2016.

Table 2 Total liabilities of companies in companies of aircraft leasing € million

 

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Bonds and Notes

2,399

2,408

2,201

3,953

3,451

3,231

3,410

3,753

4,134

5,300

Creditors

8,704

1,589

1,518

1,251

1,392

1,620

1,828

5,020

6,087

6,567

Equity Insurance

13,588

14,071

14,951

16,435

16,406

16,843

18,335

29,059

34,601

40,571

Loans

12,920

17,750

17,882

19,244

22,862

28,723

33,681

75,696

71,943

81,287

Other

1,658

4,915

6,526

5,637

9,621

10,215

9,242

9,849

11,294

7,406

Total Liabilities

39,269

40,733

43,077

46,520

53,732

60,633

66,496

123,376

128,060

141,130

Finally, the CSO report shows that the total assets of companies involved in aircraft leasing rose from €65.8bn in 2012 to €141.6bn in 2016.

Table 3

Total assets of companies in aircraft Leasing € million

 

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Cash and Bank Deposits

555

418

521

290

446

1,445

1,899

3,193

4,691

4,887

Debtors

2,265

1,810

1,810

1,404

3,242

3,209

3,847

17,013

18,943

19,399

Loans

1,100

4,399

4,360

6,733

7,073

8,816

8,765

8,560

5,563

11,352

Tangible Fixed Assets

27,385

28,625

31,475

35,621

38,726

43,980

47,073

77,480

*

*

Other

2,191

4,475

5,042

4,035

6,394

8,362

6,464

10,862

*

*

Total Assets

33,496

39,727

43,209

48,083

55,881

65,812

68,048

117,108

128,567

141,633

*Tangible Fixed Assets have been suppressed in 2015 and 2016 due to confidentiality