Written answers
Thursday, 12 July 2012
Department of Enterprise, Trade and Innovation
Enterprise Ireland Investments
7:00 pm
Kevin Humphreys (Dublin South East, Labour)
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Question 97: To ask the Minister for Jobs, Enterprise and Innovation the amount Enterprise Ireland has lost on investments since the year 2000 on an annual basis for companies that have gone into liquidation or receivership; and if he will make a statement on the matter. [34117/12]
Richard Bruton (Dublin North Central, Fine Gael)
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Between 2000 and the end of 2011, Enterprise Ireland incurred losses of €35,548,000 on its investments in companies that have gone into liquidation or receivership. In the same period, Enterprise Ireland earned €329,234,000 from the proceeds of sales of companies in which it had invested. Details for each year are set out in the table.
Investment amounts lost on companies in Liquidation/Receivership and the Sales proceeds earned on investments 2001-2011
Year of Loss | Amount lost€'000 | No. of Companies | Sales Proceeds€'000 |
2000 | 0 | - | 100,801 |
2001 | 0 | - | 49,552 |
2002 | 2,471 | 13 | 12,025 |
2003 | 0 | - | 11,642 |
2004 | 4,342 | 23 | 13,143 |
2005 | 3,684 | 17 | 32,874 |
2006 | 4,703 | 11 | 19,886 |
2007 | 4,436 | 14 | 18,974 |
2008 | 2,134 | 12 | 14,531 |
2009 | 5,363 | 23 | 9,105 |
2010 | 3,529 | 13 | 14,685 |
2011 | 4,886 | 17 | 32,016 |
Total | 35,548 | 143 | 329,234 |
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