Written answers
Tuesday, 21 May 2019
Department of Finance
Company Data
Joan Burton (Dublin West, Labour)
Link to this: Individually | In context | Oireachtas source
171. To ask the Minister for Finance the estimated gross assets of companies that were involved in aircraft leasing in each of the years 2012 to 2018, in tabular form. [21670/19]
Joan Burton (Dublin West, Labour)
Link to this: Individually | In context | Oireachtas source
172. To ask the Minister for Finance the estimated total indebtedness of companies that were involved in aircraft leasing in each of the years 2012 to 2018, in tabular form. [21671/19]
Joan Burton (Dublin West, Labour)
Link to this: Individually | In context | Oireachtas source
173. To ask the Minister for Finance the estimated number of employees directly employed here by companies which were involved in aircraft leasing in each of the years 2012 to 2018, in tabular form. [21672/19]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I propose to take Questions Nos. 171 to 173, inclusive, together.
The most recent information available is from the CSO publication, Aircraft Leasing in Ireland 2007-2016.
In relation to the number of direct employees in aircraft leasing companies, the CSO report shows that this has increased from 1,010 in 2012 to 1,482 in 2016.
Table 1 Direct employees in companies of aircraft leasing
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Persons employed | 396 | 546 | 737 | 821 | 895 | 1,010 | 1,086 | 1,180 | 1,321 | 1,482 |
| Total pay | €41m | €62m | €82m | €106m | €110m | €123m | €132m | €164m | €207m | €245m |
The CSO report shows the total liabilities of companies involved in aircraft leasing has risen from €60.6bn in 2012 to €141.1bn in 2016.
Table 2 Total liabilities of companies in companies of aircraft leasing € million
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Bonds and Notes | 2,399 | 2,408 | 2,201 | 3,953 | 3,451 | 3,231 | 3,410 | 3,753 | 4,134 | 5,300 |
| Creditors | 8,704 | 1,589 | 1,518 | 1,251 | 1,392 | 1,620 | 1,828 | 5,020 | 6,087 | 6,567 |
| Equity Insurance | 13,588 | 14,071 | 14,951 | 16,435 | 16,406 | 16,843 | 18,335 | 29,059 | 34,601 | 40,571 |
| Loans | 12,920 | 17,750 | 17,882 | 19,244 | 22,862 | 28,723 | 33,681 | 75,696 | 71,943 | 81,287 |
| Other | 1,658 | 4,915 | 6,526 | 5,637 | 9,621 | 10,215 | 9,242 | 9,849 | 11,294 | 7,406 |
| Total Liabilities | 39,269 | 40,733 | 43,077 | 46,520 | 53,732 | 60,633 | 66,496 | 123,376 | 128,060 | 141,130 |
Finally, the CSO report shows that the total assets of companies involved in aircraft leasing rose from €65.8bn in 2012 to €141.6bn in 2016.
Table 3
Total assets of companies in aircraft Leasing € million
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Bank Deposits | 555 | 418 | 521 | 290 | 446 | 1,445 | 1,899 | 3,193 | 4,691 | 4,887 |
| Debtors | 2,265 | 1,810 | 1,810 | 1,404 | 3,242 | 3,209 | 3,847 | 17,013 | 18,943 | 19,399 |
| Loans | 1,100 | 4,399 | 4,360 | 6,733 | 7,073 | 8,816 | 8,765 | 8,560 | 5,563 | 11,352 |
| Tangible Fixed Assets | 27,385 | 28,625 | 31,475 | 35,621 | 38,726 | 43,980 | 47,073 | 77,480 | * | * |
| Other | 2,191 | 4,475 | 5,042 | 4,035 | 6,394 | 8,362 | 6,464 | 10,862 | * | * |
| Total Assets | 33,496 | 39,727 | 43,209 | 48,083 | 55,881 | 65,812 | 68,048 | 117,108 | 128,567 | 141,633 |
*Tangible Fixed Assets have been suppressed in 2015 and 2016 due to confidentiality
No comments