asked the Minister for Finance, in respect of non-public sector companies in which he holds either directly or indirectly shares or debenture stock as at 30 April 1989: (a) the names of such companies (b) the extent of State investment in such companies and (c) the amount of dividends received in respect of each such company in the years 1987 and 1989.
Written Answers. - State Holdings in Non-Public Sector Companies.
64.
The Industrial Development Authority has invested in 34 companies now actively trading, on behalf of the Minister for Finance in whose name they are registered.
The Equity Shareholding in these companies is tabulated on Appendix A as follows.
Twenty five of the holdings were acquired since 1 January 1987. Dividend income is shown on Appendix B.
In addition, the Minister for Finance holds 220 shares in the National Theatre Society Ltd. No dividend has been received in respect of this company.
Appendix A
|
Value at Cost of |
|
|
Company |
Share Capital |
|
IR£ |
|
|
Asahi Spinning (I) Ltd., Killala |
450,000 |
|
Asahi Synthetic Fibres Ltd., Killala |
1,125,000 |
|
Mitsui Denman (I) Ltd., Little Island, Cork |
440,000 |
|
Elxsi Corporation, San Jose, California |
892,459 |
|
Landis & Gyr Lake Ltd., Dublin 12 |
246,250 |
|
Premier Periclase Ltd., Drogheda |
1,500,000 |
|
KME International Ltd., Dublin |
210,000 |
|
Pressure Hydraulics Ltd., Carlow |
26,000 |
|
Silver Hill Foods Ltd., Emyvale, Co. Monaghan |
100,000 |
|
Biocon Biochemicals Ltd., Carrigaline |
1,000,000 |
|
Tower Fame Ltd., Dublin |
200,005 |
|
Ramville Ltd., Portumna |
450,000 |
|
Mentec Ltd., Dublin 8 |
500,000 |
|
Lissadell Towels Ltd., Carrickmacross |
1,610 |
|
Softrans International Ltd., Blackrock, Co. Dublin |
54,250 |
|
Sullivan Studios (I) Ltd., Dublin 2 |
16,042 |
|
Berto Limited, Dublin 2 |
1,000,000 |
|
Rynhart Collection Ltd., Bantry |
50,000 |
|
Bantry Bay Mussels Ltd., Bantry |
50,000 |
|
Ovamass Ltd., Dublin 2 |
2,000 |
|
Kerry Group plc, Listowel |
1,500,000 |
|
C Step Ltd., Dundalk |
250,000 |
|
Software Manufacturing Consultants, Cork |
9,126 |
|
The National Microelectronics Application Centre Ltd., Limerick |
25,000 |
|
Farmdale Foods Ltd., Bantry |
25,000 |
|
Graftel Systems Ltd., Dublin |
250,000 |
|
O.M.I. Ltd., Dundalk |
105,000 |
|
Melson Services Ltd., Dublin |
1,579 |
|
Kingspan Group Ltd., Co. Cavan |
799,874 |
|
Foher Engineering Ltd., Co. Kildare |
2,105 |
|
Microsol Ltd., Co. Dublin |
1,261 |
|
International Development Ireland Ltd., Dublin |
385,000 |
|
Western Digital Ireland Ltd., Co. Cork |
313,750 |
|
Hoermann Electronics Ltd., Cork |
13,944 |
APPENDIX B
Dividend Income has been received in respect of the following companies in 1987.
|
Company |
Dividend |
Date |
|
IR£ |
||
|
Mitsui Denman (Irl) Ltd. |
57,200 |
June 1987 |
|
Biocon Biochemicals Ltd. |
11,370 |
December 1987 |
|
Wellman International Ltd. |
37,430 |
January 1987 |
Wellman International Ltd. shares were redeemed in April 1987.
No dividend has been received in 1989.