Dáil Éireann Debate, Wednesday - 15 April 2015
891. Deputy Billy Timmins asked the Minister for Transport, Tourism and Sport 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. [14971/15]
Amharc ar fhreagraA list of the semi-State commercial companies under the remit of my Department is available on the Department's website at the following link http://www.dttas.ie/agencies?field_sector_tid=All. Details of Dividends paid from 2000 are set out in the Table below or, in the case of the State ports and harbour authorities, from 2006 when responsibility for maritime functions was transferred to the then Department of Transport.
The Government's position is that all profitable commercial State companies with distributable profits return a financial dividend to the State. The general guideline figure is 30% of after-tax profits. Depending on the financial circumstances of the particular company, the figure adopted may be more or less than this guideline 30% figure. However, dividend policies will need to take account of issues such as current and projected profitability, capital investment plans and pension funding.
The DAA dividend policy is dependent on profitability and is currently based on a 20% payment. As a newly established entity (August 2014), Shannon Group's focus is on its commercial sustainability. A dividend policy is yet to be decided.
|
Commercial Companies |
Year |
€ Dividend Paid |
|
DAA |
2000-2002 2003 2004 2005-2008 2009 2010-2014 |
Nil 7.2m 6m Nil 19.4m Nil |
|
Irish Aviation Authority |
2000 2001 2002 2003 2004-2011 2012 2013 2014 |
1.16m 1.071m 1m 1.271m Nil 5.015m 4.833m 6.535m |
|
Port of Cork Company |
2006-2010 2011 2012 2013 2014 |
Nil 630,000 358,976 407,000 503,861 |
|
Drogheda Port Company |
2006-2014 |
Nil |
|
Dublin Port Company |
2006 2007 2008 2009 2010 2011 2012 2013 2014 |
Nil 4.2m 5.1m 5.3m 5.5m 16.5m 10.2m 15m 8m |
|
Dun Laoghaire Harbour Company |
2006-2014 |
Nil |
|
Shannon Foynes Port Company |
2006-2014 |
Nil |
|
Galway Harbour Company |
2013 |
30,000 |
|
New Ross Port Company |
2006-2014 |
Nil |
|
Port of Waterford Company |
2006-2014 |
Nil |
|
Wicklow Port Company |
2006-2014 |
Nil |
