Enterprise Ireland
Annual Report and Accounts 2004

Financial Statements - Income and Expenditure Account

• Return to Main Report Index

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• Report of the Comptroller and Auditor General for presentation to the Houses of the Oireachtas
• Board Members’ Report
• Statement on the System of Internal Financial Control
• Accounting Policies
• Income and Expenditure Account
• Balance Sheet
• Cash Flow Statement
• Notes to the Financial Statements

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• Appendix 1

For the Year Ended 31 December 2004

	Notes	2004 €'000	2003 €'000
INCOME
Exchequer Funding
Oireachtas Grants	1	216,649	214,249
Other Funding
Own Resources	2	14,201	15,327
Profit on Disposal of Fixed Assets (net)	7	6,246	5,571
TOTAL  INCOME		237,096	235,147
EXPENDITURE
Financial Support to Industry	3	107,175	111,158
Administration, Operation and Promotion	4	95,368	92,473
Diminution in Value of Fixed Assets	5	23,134	25,840
Diminution in Value of Financial Incentive Assets	6	398	583
TOTAL  EXPENDITURE		226,075	230,054
SURPLUS BEFORE APPROPRIATIONS		11,021	5,093
APPROPRIATIONS
Contribution to Exchequer	8	(4,801)	(265)
Contribution from other Organisations	9	777	631
Transfer to Capital Account	10	(12,248)	(7,669)
Transfer from State Advances Account	11	766	1,601
Deficit  after Appropriations		(4,485)	(609)
Balance Brought Forward at Start of Year		7,776	8,385
Balance Carried Forward at End of Year		3,291	7,776

Amounts shown under Income and Expenditure are in respect of continuing activities.
There are no recognised gains or losses, other than those dealt with in the Income and Expenditure Account.

The Accounting Policies, Cashflow Statement, Notes 1 to 21 and Appendix 1 form part of these financial statements.

On behalf of the Board of Enterprise Ireland:

Patrick J Molloy, Chairman

Frank Ryan, Chief Executive Officer.