Written answers
Wednesday, 15 April 2015
Department of Agriculture, Food and the Marine
Semi-State Bodies Dividends
Billy Timmins (Wicklow, Independent)
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317. To ask the Minister for Agriculture, Food and the Marine if he will provide a list of the semi-State commercial companies under his control, the policy of a dividend payment to the Exchequer from each company, the dividend paid by each company to the Exchequer for each year from 2000 to 2014; and if he will make a statement on the matter. [14958/15]
Simon Coveney (Cork South Central, Fine Gael)
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There are four commercial bodies under the aegis of my Department; Coillte, Bord na gCon, Horse Racing Ireland and the Irish National Stud. With regard to Coillte, one of the Government’s overall current policy objectives for Coillte is that the company should maintain financial policies and a capital structure that facilitate the payment of dividends to its shareholders. Coillte and its Board are in the process of developing a formal dividend policy, which is to include the method by which the dividend payable each year will be calculated in the context of the company’s financial performance. Active engagement with NewERA is anticipated in the process of concluding a formal dividend policy.
The table lists the dividends paid to the Exchequer by Coillte for each year from 2000 to 2014.
Year | Dividend Paid by Coillte |
---|---|
2000 - 2007 | No dividend paid |
2008 | €2.6m |
2009 -2010 | No dividend paid |
2011 | €10m |
2012 | €2m |
2013 | €2m |
2014 | €4m |
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