Oireachtas Joint and Select Committees
Thursday, 31 January 2013
Public Accounts Committee
Enterprise Ireland - Annual Report and Financial Statement 2011
11:40 am
Mr. Paddy Hopkins:
There would have been a lot of sale figures included in that amount also. Enterprise Ireland was established in late 1998. From 1999 to 2011 there were total sales of €360 million of shares, on which we made a profit of €178 million. The cost of the disposals was €182 million. Let us examine the investments we made at the same time. During the period 1999 to 2011 we invested €386 million in ordinary and preference equity shares and that sum appears on the shares side. As I said, the income was €360 million and we have a residual value of €172 million noted in the accounts as the written down value. The Deputy can read note 10 which states the figure is €172.67 million. On the equity side, we made a profit of €170 million duirng that 11 year period.
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