Committee Reports::Report No. 16 - Nitrigin Eireann Teoranta::01 April, 1981::Appendix


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Committee Reports > List of Committees > Joint > 1981 > Committee on State Sponsored Bodies > Report No. 16 - Nitrigin Eireann Teoranta

APPENDIX 2

NÍTRIGIN ÉIREANN TEORANTA

Financial Performance 1970 to 1979

			£000
			1970	1971	1972	1973	1974*	1975	1976	1977	1978	1979
1.	Trading Profit/Loss (T.P.)	£	780	1,164	898	1,690	2,831	1,953	660	(601)	1,070	3,734
2.	Profit before Interest and Tax (PBIT)	£	74	440	136	728	940	579	(824)	(2,031)	(326)	(748)
3.	Profit before Tax (PBT)	£	(83)	284	(16)	249	(692)	(823)	(2,756)	(4,336)	(3,010)	(11,994)
4.	Capital Employed (Excl. Development Expenditure)**	£	8,496	7,736	9,270	12,358	17,378	21,057	25,547	25,799	15,528	157,169
5.	T.P. as % of C.E.		9.2	14.7	9.7	13.6	16.3	9.3	2.6	(2.3)	6.9	2.4
6.	PBIT as % of C.E.		0.9	5.6	1.5	5.9	5.4	2.7	(3.2)	(7.9)	(2.1)	(0.5)
7.	PBT as % of C.E.		(0.9)	3.6	(0.2)	2.0	(4.0)	(3.9)	(10.8)	(16.8)	(19.4)	(7.6)

Notes:

1. *1974 is an 18 month period.

**Development Expenditure—Interest charges incurred on expenditure on plant and machinery not yet operational have been capitalised.

**Capital Employed includes long and short term borrowings but excludes development expenditure.

2. Trading Profit/Loss (T.P.) has been arrived at after crediting dividends received from associated companies (1970-1977) or share of profits of associated companies, net of tax (1978 and 1979) but before charging depreciation, interest or taxation.

3. Consolidated accounts were prepared by the Company for 1978 and 1979 only.