Written answers

Tuesday, 30 April 2013

Department of Finance

Banking Sector Issues

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

172. To ask the Minister for Finance further to Parliamentary Question No. 240 of 16 April 2013, if he will provide a reconciliation between the €3.2bn, which now takes the form of our remaining 15% equity stake and preference shares with a nominal value of €1.8bn, and the net cash position of nearer €1.1bn showing coupons, dividends and ELG fees received by year. [20036/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I submit the table showing the reconciliation between the net €3.2bn investment position in Bank of Ireland and the net cash position taking into account ELG fees recently received (Q4 2012) and the preference coupon received in February 2013.

Bank of Ireland – Reconciliation of State’s net cash position

-€bn
Net Investment Position

Adjustments to get an overall “net cashflow” position

CIFS/ELG fees to Q4 2012
3.2




-1.3
All transaction fees received-0.1
Preference coupons in cash (inc. Feb. 2013)-0.6
Coco coupon (year to July 2012 and last five months of 2012-0.1
Estimate of net cashflow position with BOI1.0

Please note figures are rounded to their nearest hundred million.

Comments

No comments

Log in or join to post a public comment.