asked the Minister for Finance if he will bring up to date the information regarding profits and losses of companies in which the State has majority shareholding which was given in reply to Question No. 48 of 15th April, 1964.
Written Answers. - Company Profits and Losses.
133.
The following is the information requested:—
COMPANIES in which the State has a majority shareholding. Profits (+) and losses (–) for latest accounting year.
|
Year ended(See note (a)) |
£ |
|
|
Aer Rianta Teo. (see note (e)) |
31/3/65 |
+ 184,204 |
|
Agricultural Credit Corporation Ltd. |
30/4/65 |
+ 57,954 |
|
Arramara Teo. |
30/9/64 |
+ 2,771 |
|
Ceimicí Teo. |
30/9/65 |
+ 27,467 |
|
Comhlucht Siúicre Éireann Teo. (see note (d)) |
30/4/65 |
– 455,717 |
|
Dairy Disposal Co. Ltd. (see note (e)) |
31/12/63 |
+ 204,140 |
|
Cólucht Groighe Náisiúnta na h Éireann, Teo. |
31/12/64 |
+ 21,348 |
|
Irish Steel Holdings Ltd. |
30/6/65 |
+ 4,200 |
|
Industrial Credit Co. Ltd. (see note (e)) |
31/10/65 |
+ 301,786 |
|
Irish Shipping Ltd. |
31/3/65 |
– 274,842 |
|
Irish Life Assurance Co. Ltd. (see note (f)) |
31/12/63 |
+ 580,000 |
|
National Building Agency Ltd. |
31/3/65 |
+ 781 |
|
Nítrigin Éireann Teo. (see note (g)) |
30/6/65 |
–50,395 |
|
Shannon Free Airport Development Co. Ltd. (see note (h)) |
31/3/65 |
– 527,791 |
NOTES:
(a) Years of account vary.
(b) Allowances made for depreciation are included.
(c) Except in the case of Comhlucht Siúicre Éireann Teo., the figures are as calculated before taxation.
(d) The figure here is net after providing for taxation. It takes into account the total loss (£1,168,285) on food processing.
(e) Does not include results of trading of wholly-owned subsidiaries.
(f) The surplus is the result of biennial valuation.
(g) This figure represents the results of two months' trading, the Company having commenced trading on 3rd May, 1965.
(h) Represents the deficit on the Company's Income and Expenditure Account before account is taken of State grants (£508,000) received.