Since its establishment in April 2003 to the end of March 2013, the transfers to the Fund have totalled some €678.5 million, which includes interest earned of approximately €38.7 million. Funds reclaimed in that period by account holders amounted to around €255.4 million. The net value of uncommitted funds is currently €85 million. This does not include a Reserve Fund, currently standing at €56.8 million. The table provides a profile of the Fund showing yearly inflows, reclaims, disbursements, etc, from 2003 to the end of March 2013.
Appendix A - Value of Dormant Accounts Fund at 31/03/2013
Year
|
Inflows
|
Inflows
|
Inflows
|
Inflows
|
Inflows
|
Gross Inflow
of Funds
|
Outflows
|
Outflows
|
Outflows
|
Net Funds
|
|
Banks/building
societies
|
An Post
products
|
Insurance
products
|
Intestate
Estates
|
Interest
earned
|
|
Reclaimed by
account holders
|
Disbursed by NTMA
|
Expenses &
Compliance Costs
|
|
2003
|
105,802,747
|
90,406,394
|
0
|
0
|
2,778,039
|
198,987,180
|
24,002,874
|
0
|
148,048
|
174,836,258
|
2004
|
18,387,604
|
14,642,260
|
22,994,803
|
0
|
3,802,846
|
59,827,513
|
21,080,853
|
14,000,000
|
1,055,958
|
198,526,960
|
2005
|
13,049,089
|
19,870,684
|
7,895,688
|
0
|
4,061,302
|
44,876,763
|
22,916,079
|
14,400,000
|
1,673,497
|
204,414,147
|
2006
|
20,535,464
|
52,513,242
|
7,100,575
|
0
|
6,375,902
|
86,525,183
|
44,736,631
|
33,250,000
|
1,608,356
|
211,344,343
|
2007
|
12,531,434
|
42,658,151
|
6,704,210
|
4,400,000
|
8,787,603
|
75,081,398
|
34,082,871
|
45,511,412
|
1,881,135
|
204,950,323
|
2008
|
19,644,431
|
6,239,735
|
7,149,521
|
0
|
7,561,873
|
40,595,560
|
19,500,791
|
73,050,705
|
1,999,776
|
150,994,611
|
2009
|
25,014,071
|
11,359,722
|
5,010,644
|
0
|
891,120
|
42,275,557
|
19,051,956
|
37,644,335
|
1,717,634
|
134,856,243
|
2010
|
20,970,740
|
12,304,426
|
6,009,518
|
0
|
472,958
|
39,757,642
|
20,302,633
|
20,267,035
|
1,618,257
|
132,425,960
|
2011
|
27,841,100
|
9,912,279
|
5,326,408
|
0
|
1,137,669
|
44,217,456
|
24,345,430
|
8,403,338
|
937,628
|
142,957,020
|
2012
|
25,496,009
|
11,074,307
|
6,783,903
|
0
|
2,004,458
|
45,358,677
|
22,022,290
|
4,159,969
|
803,305
|
161,330,133
|
2013
|
171,120
|
0
|
0
|
0
|
808,881
|
980,001
|
3,392,297
|
0
|
0
|
|
Totals
|
289,443,809
|
270,981,200
|
74,975,270
|
4,400,000
|
38,682,651
|
678,482,930
|
255,434,705
|
250,686,794
|
13,443,594
|
€158,917,837
|
Liabilities on the Fund:
|
|
|
|
|
Of which
|
|
|
|
|
1. Reserve for future reclaims by account holders
|
|
|
|
-56,838,980
|
2. Disbursements allocated to beneficiary projects by
|
Approved
|
Decommited
|
Net Approved
|
|
(a) Dormant Accounts Fund Disbursement Board
|
63,082,815
|
4,753,521
|
58,404,119
|
|
(b) Government (2006)
|
75,642,596
|
4,552,415
|
71,090,181
|
|
(c) Government (2007)
|
22,278,213
|
698,845
|
21,579,368
|
|
(d) Government (2008)
|
30,134,074
|
83,780
|
30,050,294
|
|
(e) Government – Early Childhood Initiative (2006)
|
18,000,000
|
|
18,000,000
|
|
(f) Government - Rural Social Scheme (2004-2008)
|
64,400,000
|
|
64,400,000
|
|
(g) Government – Catch Up Measure 5 new RAPID towns
|
1,250,000
|
|
1,250,000
|
|
(h) Government – Allocation to support labour activation in local authorities
|
2,835,000
|
|
2,835,000
|
|
Sub-totals
|
277,622,698
|
-10,088,561
|
267,608,962
|
|
3. Remaining funds to be disbursed by NTMA on foot of approvals
|
|
|
|
-16,922,168
|
Net Value of Dormant Accounts Fund (uncommitted funds)
|
|
|
|
€85,156,689
|
Under the Dormant Accounts Act 2001, the NTMA is required to maintain a Reserve Account to meet reclaims from account holders and operational expenses of the agency and the Dormant Accounts Board.