asked the Minister for Industry and Commerce if he will state what is the total net deficit on the operation of Shannon Airport in each financial year since its inauguration to date.
Ceisteanna — Questions. Oral Answers. - Shannon Airport: Operation Costs.
I propose to circulate in the Official Report a tabular statement setting out the information sought by the Deputy.
Following is the statement:—
COST OF OPERATION OF SHANNON AIRPORT.
1940/1941 — 1951/1952.
|
Year |
Expenditure |
Revenue |
Operating Deficit |
Depreciation and Interest |
Total Deficit |
|
£ |
£ |
£ |
£ |
£ |
|
|
1940/'41 |
22,277 |
6,057 |
16,220 |
35,469 |
51,689 |
|
1941/'42 |
31,604 |
7,724 |
23,880 |
40,162 |
64,042 |
|
1942/'43 |
48,662 |
14,812 |
33,850 |
49,209 |
83,059 |
|
1943/'44 |
77,864 |
21,323 |
56,541 |
54,679 |
111,220 |
|
1944/'45 |
109,428 |
28,199 |
81,229 |
72,332 |
153,561 |
|
1945/'46 |
115,212 |
15,264 |
99,948 |
88,794 |
188,742 |
|
1946/'47 |
167,023 |
45,732 |
121,291 |
118,966 |
240,257 |
|
1947/'48 |
257,117 |
143,325 |
113,792 |
145,586 |
259,378 |
|
1948/'49 |
295,580 |
157,180 |
138,400 |
166,855 |
305,255 |
|
1949/'50 |
326,337 |
147,246 |
179,091 |
206,560 |
385,651 |
|
1950/'51 |
375,803 |
189,338 |
186,465 |
213,300 |
399,765 |
|
1951/'52 |
406,210 |
202,474 |
203,736 |
222,282 |
426,018 |
NOTE: Rate of depreciation—4 per cent.
Rate of interest — 4 per cent. up to and including 1948/49, 5 per cent, thereafter.