asked the Minister for Finance (a) the combined net profit or loss before tax and financing charges (b) the combined net profit or loss before tax (c) the Government subventions and (d) the numbers employed in each of the following commercial semi-State bodies, ICC, ACC and Irish Life, for each of the years 1980 to 1986 inclusive.
Written Answers - Commercial Semi-State Bodies.
64.
The position with respect to the commercial State bodies (Agricultural Credit Corporation plc, Industrial Credit Corporation plc and Irish Life Assurance plc) under the aegis of my Department is as set out below. With regard to question (a), in respect of the net profit or loss before tax and financing charges, figures for banks and life assurance companies are not included as they are not comparable with those for ordinary service or trading concerns. This is because interest charges arise on deposits and policy-holders' funds. The information quoted below is taken from the published accounts of these bodies for the relevant accounting period.
Irish Life Assurance plc
|
Year end December |
Profit before tax |
Government Subvention |
Numbers Employed |
|
(b) |
(c) |
(d) |
|
|
£'000 |
|||
|
1980 |
280 |
nil |
1,288 |
|
1981 |
375 |
nil |
1,363 |
|
1982 |
446 |
nil |
1,400 |
|
1983 |
511 |
nil |
1,424 |
|
1984 |
581 |
nil |
1,480 |
|
1985 |
637 |
nil |
1,552 |
|
1986 |
653 |
nil |
1,635 |
|
Industrial Credit Corporation, plc. |
|||
|
1980 |
3,829 |
nil |
253 |
|
1981 |
4,535 |
nil |
325 |
|
1982 |
4,708 |
nil |
379 |
|
1983 |
4,339 |
nil |
390 |
|
1984 |
2,716 |
nil |
363 |
|
1985 |
2,809 |
nil |
336 |
|
1986 |
3,361 |
nil |
319 |
|
Agricultural Credit Corporation, plc. |
|||
|
(Average) |
|||
|
1980 |
2,320 |
nil |
630 |
|
1981 |
1,912 |
nil |
674 |
|
1982 |
463 |
nil |
657 |
|
1983 |
409 |
nil |
600 |
|
1984 |
408 |
nil |
555 |
|
1985 |
351 |
nil |
507 |
|
1986 |
242 |
nil |
445 |