Dáil Éireann Debate, Wednesday - 5 April 2017
316. Deputy Thomas P. Broughan asked the Minister for Transport, Tourism and Sport if he will report on the financial position of Bus Éireann since 2010; if some of Bus Éireann cash reserves were transferred in this period to other companies in the CIE semi-state group; and if he will make a statement on the matter. [16832/17]
Amharc ar fhreagraAs the Deputy is aware, the annual audited accounts for Bus Éireann are available on the Company's website, and provide full disclosure on their financial position in each financial year.
In the period 2010 to 2012/13 the Company experienced declining passenger numbers and revenues; however, in recent years the Company has seen increased passenger numbers and revenues on its PSO services but the Company's smaller network of commercial Expressway services is continuing to experience significant challenges. These challenges are impacting on the Company's overall financial position and in its last set of audited accounts for 2015 the Company recorded a deficit of €6 million.
In relation to the query regarding cash reserves, this is a matter for Bus Éireann and I have forwarded the Deputy's question to the Company for direct reply. Please advise my private office if you do not receive a response within ten working days.
The referred reply under Standing Order 42A was forwarded to the Deputy.
