Dáil Éireann Debate, Tuesday - 26 July 2022
2002. Deputy Ged Nash asked the Minister for Health the dividends paid by State-owned enterprises under the remit of his Department in each of the past five years; the projected dividends to be received in 2022, in tabular form; and if he will make a statement on the matter. [41653/22]
View answerThe Deputy's question relates to the dividends paid by State-owned enterprises under the remit of my Department in each of the past five years. As Minister for Health I have one commercial state body under the aegis of my Department, which is the Voluntary Health Insurance Board or Vhi.
Vhi operates on a mutual basis, with any surpluses at the end of the year being reinvested back into the business. Under the Voluntary Health Insurance Act 1957 (as amended) there is no provision for dividends to be paid from Vhi to the Exchequer.
Vhi Group was established in 2015 as part of its authorisation as an insurance provider by the Central Bank, and Vhi's different functions under the Voluntary Health Insurance Acts are carried out by subsidiaries. These subsidiaries can issue dividends within the internal group organization. The subsidiaries issue these dividends to the Vhi parent organization, Vhi Group. The amounts of these dividends can be found in the Vhi Annual Report.
