Enterprise Ireland
Annual Report and Accounts 2007

Financial Statements - Notes to the Financial Statements

• 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
  • Note 1
  • Note 2
  • Note 3
  • Note 4
  • Note 5
  • Note 6
  • Note 7
  • Note 8
  • Note 9
  • Note 10
  • Note 11
  • Note 12
  • Note 13
  • Note 14
  • Note 15
  • Note 16
  • Note 17
  • Note 18
  • Note 19
  • Note 20
  • Note 21
  • Note 22
  • Note 23
  • Note 24

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• Appendix 1

For year ended 31 December 2007

1 Exchequer Funding

Oireachtas Grants

1. Under Section 35 of the Industrial Development (Science Foundation Ireland) Act, 2003, the aggregate amount of grants made by the Minister to Forfás and its Agencies to enable them to discharge their Capital obligations and liabilities shall not exceed €3.4 billion. At 31 December 2007 the aggregate amount made available to the three Agencies was €3.029 billion (2006- €2.747billion) of which Enterprise Ireland and the former Forbairt received €797.405m (2006- €752.968m).
2. Under Section 14(3) of the Industrial Development Act 1986, the aggregate amount of grants made by the Minister to Forfás and its Agencies to enable them to meet their obligations and liabilities in respect of principal and interest on foot of Loan Guarantees under that Act and under Section 37 of the Industrial Development Act 1969 , Sections 2 and 3 of the Industrial Development Act 1977, shall not exceed €159m . At 31 December 2007 the aggregate amount so provided was €13.547m (2006- €13.547m), all of which related to Enterprise Ireland clients.

The Oireachtas Grants as shown in the financial statements consist of:

	2007 €'000	2006 €'000
Grant for Capital Grants, Loan Guarantees, etc	44,437	46,028
Grant for County Enterprise Boards	8,964	-
Grant for Promotion and Administration Expenditure	99,858	93,738
Grant for Capital Equipment	3,400	2,900
National Training Fund	3,160	3,550
Science & Technology Development Programme	114,058	99,334
	273,877	245,550