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 3

NÍTRIGIN ÉIREANN TEORANTA

Summary of Assets and Liabilities

		£000
		1970	1974	1976	1978	1979
Fixed Assets:	Land, Buildings, Plant	6,784	10,176	12,674	11,068	143,991
	Trade Investment	176	2,802	4,726	7,822	6,663
		6,960	12,978	17,400	18,890	150,654
	Development Expenditure	267	852	32,617	107,740	—
	Total	7,227	13,830	50,017	126,630	150,654
Current Assets:	Stock	1,521	3,352	6,038	7,586	14,992
	Debtors	461	3,597	3,936	2,828	10,630
	Cash & Deposits	85	1	1,424	706	6
	Total	2,067	6,950	11,398	11,120	25,628
Deferred Expenditure:	Stamp Duty	—	—	150	150	177
Total Assets Excl. Development Exp.		9,027	19,928	28,948	30,160	176,459
Total Assets Incl. Development Exp.		9,294	20,780	61,565	137,900	176,459
Current Liabilities:	Creditors	532	2,551	3,401	15,352	19,824
	Bank O/D & Bills. etc.	1,834	8,549	5,829	56	29,101
	Total	2,366	11,100	9,230	15,408	48,925
Net Assets Excl. Development Exp.		6,661	8,828	19,718	14,752	127,534
Net Assets Incl. Development Exp.		6,928	9,680	52,335	122,492	127,534
Represented by
Issued Capital		4,712	5,362	20,362	20,362	27,500
Profit & Loss Account		(732)	(1,078)	(4,657)	(12,104)	(24,014)
State Grant		—	—	2,000	5,093	5,141
Capital Reserve		—	34	34	34	—
Tax Equalisation Account		73	244	244	244	—
	Total	4,053	4,562	17,983	13,629	8,627
Exchequer Loan		2,500	2,282	2,163	2,030	1,957
Institutional Credits		—	—	21,965	33,096	24,560
Consortium Loan		—	—	—	62,500	89,451
Deferred Plant Contract Monies		375	2,836	4,016	1,475	311
Medium Term Loan		—	—	6,208	9,762	2,628
Total Capital Employed		6,928	9,680	52,335	122,492	127,534

Note:

Balance sheets relate to Company only in all years. Consolidated accounts were prepared in 1979 but comparative data were not available for the years prior to 1978.