Dáil Éireann Debate, Wednesday - 17 January 2024
1840. Deputy Paul Murphy asked the Minister for Further and Higher Education, Research, Innovation and Science to confirm what reserves TU Dublin holds; how much of these reserves are unencumbered (details supplied); and the actual reserves TU Dublin holds that can be used to offset the deficit. [57251/23]
View answerTU Dublin holds €559.154 Million reserves (per the audited Consolidated Statement of Financial Position as at 31 August 2022). €262.384 Million of these reserves are unrestricted reserves, including capital development reserve of €37.372 Million.The actual reserves that TU Dublin holds that can be used to offset the deficit is €224.912 Million, this being the income and expenditure reserve (per audited Consolidated Statement of Financial Position as at 31 August 2022).
