Tommy Broughan (Dublin North East, Labour)
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196. To ask the Minister for Finance if the review undertaken by NewERA of State companies to assess their financial performance has been completed. [42294/13]

Michael Noonan (Limerick City, Fine Gael)
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The core role of NewERA involves the ongoing oversight of the financial performance, corporate strategy, capital and investment plans of the five commercial semi-state companies within its remit - ESB, Bord Gáis Éireann (BGE), EirGrid, Bord na Móna and Coillte. NewERA works closely with the relevant Government Departments and the companies, with NewERA analysing the financial performance of each of these entities based on the annual audited accounts of the company, the interim accounts of the company and using output from quarterly financial performance meetings which have been initiated with the companies since NewERA was established. This work is undertaken on an ongoing basis.

The Annual Report of the National Treasury Management Agency 2012, which is available on the Agency’s website (www.ntma.ie), includes a section on the activities NewERA carried out in 2012 (pages 23-25).