Enterprise Ireland
Annual Report and Accounts 2005

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 2005

	Notes	2005 €'000	2004 €'000
INCOME
Exchequer Funding
Oireachtas Grants	1	232,221	216,649
Other Funding
Own Resources	2	13,208	14,201
Profit on Disposal of Fixed Assets (net)	7	24,187	6,246
TOTAL  INCOME		269,616	237,096
EXPENDITURE
Financial Support to Industry	3	130,288	107,175
Administration, Operation and Promotion	4	98,157	95,368
Diminution in Value of Fixed Assets	5	15,165	23,134
Diminution in Value of Financial Incentive Assets	6	1,201	398
TOTAL  EXPENDITURE		244,811	226,075
Surplus before appropriations		24,805	11,021
APPROPRIATIONS
Contribution to Exchequer	8	(7,956)	(4,801)
Contribution from other Organisations	9	1,201	777
Transfer from/(to) Capital Account	10	2,816	(12,248)
Transfer from State Advances Account	11	1,388	766
Surplus / (Deficit) after Appropriations		22,254	(4,485)
Balance Brought Forward at Start of Year		3,291	7,776
Balance Carried Forward at End of Year		25,545	3,291

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.