Oireachtas Joint and Select Committees

Thursday, 24 November 2022

Public Accounts Committee

Financial Statements 2021: National Lottery Fund

9:30 am

Mr. Derek Donohoe:

Because the shareholders are looking at what equity they are going to put into the company and the company is funded by a mixture of capital coming in. The capital comes in as share capital, bank borrowings and shareholder loans. The benefit of a shareholder loan is that it can have a coupon in interest on it so money can be earned by the shareholder as interest on its loans to the company.

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