For statistical purposes, following discussion with the CSO, the start date for Irish Water was taken to be 1st October 2014. As a result the €240m was not treated as equity and no shares have been issued so there has been no effect on the shareholdings of the existing shareholders.
In general EUROSTAT will look on Irish Water as a whole and not at individual transactions. Once decisions are finalised regarding the structure and financing of Irish Water, a submission will be made to the CSO and EUROSTAT regarding the classification of Irish Water. Until this submission is received no decision on the classification of Irish Water will be made by the CSO or EUROSTAT. It would be expected that a decision will be made by the time of the next EDP reporting date (end March 2015).