Dáil Éireann Debate, Tuesday - 30 January 2024
245. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment how much money Enterprise Ireland has written off in investments it has made in companies for the years 2018, 2019, 2020, 2021, 2022 and 2023, by year, in tabular form; and if he will make a statement on the matter. [4149/24]
Amharc ar fhreagraOver the last six years Enterprise Ireland has had to write off €54.2 million of equity investments.Enterprise Ireland have confirmed that the amounts recommended for write-off have been identified as uncollectable following Enterprise Ireland’s due diligence procedure. Traditionally, uncollectable amounts stem from company liquidation or dissolution. A subset arises from settled agreements or uncollectable amounts per legal advice.
|
Year |
Total Equity (inc dividends) Written Off |
|
2018 |
€14.1 million |
|
2019 |
€10.6 million |
|
2020 |
€8.8 million |
|
2021 |
€10.4 million |
|
2022 |
€3.1 million |
|
2023 |
€7.2 million |
|
Total 2018-2023 |
€54.2 million |
