Dáil Éireann Debate, Wednesday - 15 April 2015
829. Deputy Billy Timmins asked the Minister for the Environment, Community and Local Government if he will provide a list of the semi-State commercial companies under his control; the policy of a dividend payment to the Exchequer from each company; the dividend paid by each company to the Exchequer for each year from 2000 to 2014; and if he will make a statement on the matter. [14964/15]
Amharc ar fhreagraIrish Water is the only commercial semi-state Company under the aegis of my Department.
Irish Water has not paid a dividend since its incorporation and in the medium term it is not envisaged that any dividends will be paid by Irish Water.
The Housing Finance Agency plc. (HFA) is a company limited by shares, incorporated in 1982, under the terms of the Housing Finance Agency Act 1981 as amended. Which the HFA is a non-commercial semi-State body, I can confirm that the agency did not make any dividend payments to the Exchequer in the years 2000 to 2014. In June 2014, the HFA’s Board agreed to adopt a dividend policy to award up to 30% of its ‘Total recognised gains for the previous financial year’, provided that the payment of a dividend is appropriate and prudent in the context of the HFA’s financial position, strategic objectives and prospects.
