Enterprise Ireland
Annual Report and Accounts 2006

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 2006

	Notes	2006 €'000	2005 €'000
INCOME
Exchequer Funding
Oireachtas Grants	1	245,550	232,221
Other Funding
ESF Training and Employment Income	2	6,620	-
Own Resources	3	14,162	13,208
Profit on Disposal of Fixed Assets (net)	8	10,733	24,187
TOTAL  INCOME		277,065	269,616
EXPENDITURE
Financial Support to Industry	4	131,915	130,288
Administration, Operation and Promotion	5	108,023	98,157
Diminution in Value of Fixed Assets	6	21,344	15,165
Diminution in Value of Financial Incentive Assets	7	78	1,201
TOTAL  EXPENDITURE		261,360	244,811
Surplus before appropriations		15,705	24,805
APPROPRIATIONS
Contribution to Exchequer	9	(1,281)	(7,956)
Contribution from other Organisations	10	1,183	1,201
Transfer from Capital Account	11	6,997	2,816
Transfer (to)/from State Advances Account	12	(891)	1,388
Surplus after Appropriations		21,713	22,254
Balance Brought Forward at Start of Year		25,545	3,291
Balance Carried Forward at End of Year		47,258	25,545

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 23 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.