Enterprise Ireland Annual Report and Accounts 2009

Income and Expenditure Account
For the year ended 31 December 2009

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    2009   2008
  Notes €'000   €'000
Income        
Exchequer Funding        
Oireachtas Grants 1 396,037   328,407
Other Funding        
Own Resources 2 10,432   13,119
Funding from Third Parties 3 35,494   25,940
TOTAL INCOME   441,963   367,466
Expenditure        
Financial Support to Industry 4 249,786   220,153
Disbursements to other State Agencies re Financial Support to Industry 5 14,018   2,545
Administration, Operation and Promotion 6 101,023   120,963
Diminution in Value of Fixed Assets 7 25,270   34,822
Diminution in Value of Financial Incentive Assets 8 285   -
Loss on Disposal of Fixed Assets (net) 9 8,987   5,013
TOTAL EXPENDITURE   399,369   383,496
Surplus/(Deficit) before Appropriations   42,594   (16,030)
Appropriations        
Contribution to Exchequer 10 (2,809)   (4,447)
Contribution from Other Organisations 11 208   1,948
Transfer (to)/from the Capital Account 12 (45,869)   3,371
Transfer to the State Advances Account 13 (2,253)   (3,930)
Deficit after Appropriations   (8,129)   (19,088)
Balance Brought Forward at Start of Year   34,314   53,402
Balance Carried Forward at End of Year   26,185   34,314

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 form part of these financial statements.

On behalf of the Board of Enterprise Ireland:

Hugh Cooney Signature

Hugh Cooney,
Chairman

Frank Ryan Signature

Frank Ryan,
Chief Executive Officer