Oireachtas Joint and Select Committees

Tuesday, 23 July 2013

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Enterprise Ireland Annual Report 2012: Discussion with Enterprise Ireland

2:10 pm

Mr. Paddy Hopkins:

Reference was made to refunds to the Exchequer. The way Enterprise Ireland funds its operations is that we get an amount of grant-in-aid each year. In addition we have some own-resource income and we are allowed to retain that up to a specified limit. Once we go over the specified limit we refund any excess to the Department. Note 10 on page 74 has several headings. Basically, it relates to the sale of shares and investments. No equipment was disposed of as such and we do not have any equipment as such.

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