Results 1-5 of 5 for 5 million segment:6028560
- Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)
Mr. Ray O'Driscoll: The first point related to the profit in 2013 of €5 million. Fully €4 million of that profit was generated from the sale of 11 properties across Clare, Limerick and Kerry. It was a mixture of buildings and land. The largest property sold was next to the University of Limerick in Limerick city. It generated a profit of €4 million.
- Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)
Joe Costello: Will the deputation come to some of the nitty gritty of in the report in terms of the sale of assets and rental income? Mr. Pakey remarked that €5 million was realised following the sale of assets in 2013. Can Mr. Pakey give us some idea of what assets were sold? There is a reference to impaired assets which were not performing as well as assets that were in fact revalued upwards...
- Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)
Joe Costello: Is it the case that from 5 September, there is no impairment in regard to what was dealt with in the 2012 accounts, but there is a revaluation upwards in regard to the €39 million which was not registered in the 2013 accounts?
- Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)
...a disaggregation of the group's income and expenditure for the year between the continuing and discontinued operations. In 2013, the Shannon Development Group recorded a deficit for the year of €1.6 million. Its income for the year included €10.8 million in rental income from its commercial property assets, €11.2 million from its tourism activities, €5 million...
- Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)
...Shannon Development, remains a subsidiary of Shannon Commercial Enterprises. After the enactment of the State Airports (Shannon Group) Act 2014, Shannon Group was incorporated on 29 August 2014. On 5 September 2014, following the transfer of shares under the Act, the company became a subsidiary of Shannon Group plc. Shannon Group is a commercial semi-State company comprising four...