Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Am I correct to say that there were no receipts in 2012 and 2013? The Minister outlined the figures for 2014 and 2015. The revenue from ESB came from the sale of some of its power plants located abroad. They were proceeds in lieu of sale. Some of the dividends from Ervia came through in 2014 and an additional €100 million came through this year. The Minister indicated that the balance of the sale of Bord Gáis can only come through in stages in 2016 and 2017. If Ervia is profitable between now and 2017, EUROSTAT rules still will not allow it to remit dividends to the State. Where is the money being held? Is it held on Ervia's balance sheet as a contingent liability to be passed to the State in due course? There is no possibility of any further receipts by way of dividends or sale of State assets from Bord Gáis between now and 2017.

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