Written answers

Thursday, 19 July 2012

Department of Enterprise, Trade and Innovation

Enterprise Support Services

5:00 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour)
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Question 323: To ask the Minister for Jobs, Enterprise and Innovation of the €329,234,000 earned from the proceeds of sales of companies in which Enterprise Ireland invested between 2000 and end of 2011 is this inclusive of the original investment; the total sum of investments made by Enterprise Ireland in that period; if he will provide a breakdown of amount invested by year; and if he will make a statement on the matter. [36874/12]

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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The figure of €329,234,000 earned by Enterprise Ireland from the proceeds of sales of companies is inclusive of the original investment.

The total sum of investments made by Enterprise Ireland in that period amounted to €369,389,000.

Details of the amounts invested by Enterprise Ireland from 2000-2011 and the Profit/Loss on disposal of Investments 2000-2011 are set out in the attached tabular statements.

Table 1: Amounts invested by Enterprise Ireland from 2000-2011

YearNo. of CompaniesCost of Investment€'000
201120135,224
201018444,453
200921774,002
200810530,702
200710123,679
20068925,033
20059221,509
200410125,648
200310222,774
20029716,916
200112129,429
20009920,020
TOTAL1,509369,389

Table 2: Profit/Loss on disposal of Investments 2000-2011

YearSales Proceeds€'000Cost of Disposals€'000Profit/(Loss)€'000
201132,01624,9707,046
201014,68516,444(1,759)
20099,10518,582(9,477)
200814,53120,587(6,056)
200718,97428,793(9,819)
200619,88614,6495,237
200532,87412,02720,847
200413,1437,4955,648
200311,6426,7224,920
200212,0257,0474,978
200149,55211,03638,516
2000100,8018,26592,536
TOTAL329,234176,617152,617

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