Written answers

Tuesday, 8 December 2009

Department of Arts, Sport and Tourism

Departmental Agencies

10:00 pm

Photo of Noel O'FlynnNoel O'Flynn (Cork North Central, Fianna Fail)
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Question 293: To ask the Minister for Arts, Sport and Tourism the sanctioned overdraft and borrowing facility and indebtedness for each agency and semi-State body, commercial and non-commercial, for the years 2005, 2006, 2007 and 2008 in tabular form; the amount and number of occasions that the sanctioned approved facility was breached for individuals companies and group structures; and if he will make a statement on the matter. [45852/09]

Photo of Martin CullenMartin Cullen (Waterford, Fianna Fail)
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In respect of each of the associated bodies of the Department which has or had sanctioned overdraft, borrowing or other debt facilities in the period 2005 to 2008, inclusive, the requested information is as set out in tabular form below. No such facilities exist or existed in respect of the other associated bodies of the Department.

ItemYear 2005Year 2006Year 2007Year 2008
Bord na gCon1
Overdraft, Borrowing or Other Debt Facility€12,500,000€12,500,000€12,500,000€12,500,000
Number of Breaches0000
Amount of BreachN/AN/AN/AN/A
Fáilte Ireland2
Overdraft, Borrowing or Other Debt Facility€0€652€625,140€485,808
Number of Breaches0000
Amount of BreachN/AN/AN/AN/A
Horse Racing Ireland3
Overdraft, Borrowing or Other Debt Facility€40,000,000€40,000,000€40,000,000€40,000,000
Number of Breaches0000
Amount of BreachN/AN/AN/AN/A
Irish Museum of Modern Art (IMMA)4
Overdraft, Borrowing or Other Debt Facility€20,000€20,000€20,000€20,000
Number of Breaches0000
Amount of BreachN/AN/AN/AN/A

1 The figures provided in respect of Bord na gCon relate to a borrowings limit.

2 Fáilte Ireland does not have sanctioned overdraft, borrowing or other debt facilities. The figures provided relate both to the five Regional Tourism Authorities which merged with Fáilte Ireland on 1 July 2006 and to Dublin Tourism which became a wholly-owned subsidiary of Fáilte Ireland in April 2007. The 2006 figure relates to a payment made to pay off loans and overdrafts. The 2007 and 2008 figures relate to mortgages on property purchased by Dublin Tourism which Fáilte Ireland proposes to pay off by the end of 2009.

3 The figures provided in respect of Horse Racing Ireland relate to a borrowings limit.

4 The figures provided in respect of IMMA relate to a sanctioned overdraft facility which is in place but has never been availed of.

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