Committee Reports::Report No. 03 - Bord Gais Eireannn::19 December, 1985::Appendix


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Committee Reports > List of Committees > Joint > 1985 > Committee on Commercial State-Sponsored Bodies > Report No. 03 - Bord Gais Eireannn

APPENDIX 7

BORD GÁIS ÉIREANN

	1984	1983	1982	1981	1980	1979
	£‘000	£‘000	£‘000	£‘000	£‘000	£‘000
Turnover	179,333	158,620	108,845	55,067	33,563	11,674
Profit (Loss) before Taxation	80,675	68,206	44,415	17,432	2,376	(2,364)
Taxation	-	(1,940)	14,999	214	-	-
Profit (Loss) after Taxation	80,675	70,146	29,416	17,218	2,376	-
Profit applicable to Exchequer	71,000	63,000	33,000	-	-	-
Loans to Utilities	17,000	-	-	-	-	-
Revenue Reserve at year end	30,110	20,435	13,289	16,873	(345)	(2,721)

BALANCE SHEET

	1984	1983	1982	1981	1980	1979
	£‘000	£‘000	£‘000	£‘000	£‘000	£‘000
Payments for Future Gas Deliveries	-	-	-	5,639	5,059	2,212
Fixed Assets	79,691	73,325	67,874	26,224	23,298	19,242
	79,691	73,325	67,874	31,863	28,357	21,454
Current Assets	16,045	15,927	10,589	2,423	12,478	3,749
Current Liabilities	28,383	33,103	31,370	7,080	14,000	6,331
Net Current Liabilities	(12,338)	(17,176)	(20,781)	(4,657)	(1,522)	(2,582)
Total Assets	67,353	56,149	47,093	27,206	26,835	18,872
Financed By
Revenue Reserve	30,110	20,435	13,289	11,017	(1,014)	(2,721)
Deferred Tax	-	-	-	5,856	669	-
Asset Replacement Reserve	5,690	4,150	2,886	1,721	814	317
Receipts for Future Gas Deliveries	-	-	-	2,480	5,059	2,212
Bank Borrowings	31,553	31,564	30,918	6,132	21,307	19,064
	67,353	56,149	47,093	27,206	26,835	18,872

FINANCIAL STATISTICS

	1984	1983	1982	1981	1980	1979
	£’000	£’000	£’000	£’000	£’000	£’000
Capital Investment (Cumulative)	91,900	81,037	68,361	26,543	21,267	18,983
Borrowings at Year end	49,360	53,870	33,626	8,965	24,777	19,947
Borrowings guaranteed by State	44,707	52,806	33,626	8,965	24,777	19,947
Currency Exchange Translation loss (Gains) Cumulative	415	2,635	(143)	(363)	1,449	-
Commitments - Capital Expenditure	3,965	7,140	16,254	50,000	210	1,001

SCHEDULE: BGE MAJOR CAPITAL PROJECTS 1977 - 1984

Pipeline	Capital Cost	Year built	Cumulative 5 Year Gross Margin
Inch - Cork	£15 m	1977/78	£137.31m
Cork - Ringaskiddy	£ 4 m	1980	£ 4.775m
Cork - Dublin	£45 m	1982 )
Dublin City	£15 m	1982/83 )	(£121.37m)
North East 1	£7.5 m	1984 )
Carlow Spur	£2.0 m	1984	(£ 17.328m)

( ): Includes projected gross margins for future years - to cover full five year period.