Oireachtas Joint and Select Committees

Thursday, 12 February 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013

10:00 am

Ms Julie Sinnamon:

It is pretty high because it cost us €55 million and we made a profit of €38.55 million on that €55.1 million. I will turn to Trinity specifically as Deputy Ross asked the question. We invested in two funds for Trinity Venture Capital. We invested a total of €19.8 million. We agreed to invest €22.8 million and it was not all drawn down. Some €19.6 million was invested in Trinity. Over a period, we also got approximately €6.5 million back from Trinity and made a profit of €2.5 million on those initial deals.