Company Data

Dáil Éireann Debate, Tuesday - 21 May 2019

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]

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]

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]

Written answers

Minister for 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