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Enterprise Ireland
Annual Report and Accounts
2007

Financial Statements - Income and Expenditure Account

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For the Year Ended 31 December 2007

  Notes 2007
€'000
2006
€'000
INCOME      
Exchequer Funding      
Oireachtas Grants 1 273,877 245,550
Other Funding      
ESF Training and Employment Income 2 - 6,620
Own Resources 3 14,936 14,162
(Loss)/Profit on Disposal of Fixed Assets (net) 9 (8,972)
10,733
TOTAL INCOME   279,841
277,065
EXPENDITURE      
Financial Support to Industry 4 146,467 116,637
Disbursements to other State Agencies re Financial Support to Industry 5 4,711 7,876
Administration, Operation and Promotion 6 107,775 115,425
Diminution in Value of Fixed Assets 7 7,752 21,344
Diminution in Value of Financial Incentive Assets 8 131
78
TOTAL EXPENDITURE   266,836
261,360
Surplus before Appropriations   13,005 15,705
APPROPRIATIONS      
Contribution to Exchequer 10 (3,100) (1,281)
Contribution from Other Organisations 11 484 1,183
Transfer (to)/from the Capital Account 12 (1,716) 6,997
Transfer to the State Advances Account 13 (2,529)
(891)
Surplus after Appropriations   6,144 21,713
Balance Brought Forward at Start of Year   47,258
25,545
Balance Carried Forward at End of Year   53,402
47,258

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 24 and Appendix 1 form part of these financial statements.

On behalf of the Board of Enterprise Ireland:

Patrick J. Molloy signature

Patrick J Molloy,
Chairman

Frank Ryan signature

Frank Ryan,
Chief Executive Officer.

 

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