English
EXCHEQUER ACCOUNT              
                 
Account of Receipts and Payments             
for the year ended 31 December 2000            
               
    STATEMENT No.   2000     1999  
    £000 £000   £000 £000  
Current Receipts:                
  Tax Revenue   1.1   21,320,959     18,559,254  
  Non-Tax Revenue    1.2   416,881     416,874  
      21,737,840     18,976,128  
Current Payments:                
  Voted (Departmental expenditure                
  voted annually by the Dáil)   1.3 13,160,070     12,105,451    
  Non-Voted (non-discretionary expenditure              
  charged directly on Central Fund)                
  Sinking Fund (a)   2.1 378,375     329,380    
  Other Service of National Debt (b)   2.1 1,826,293     2,183,262    
  Payments to holders of political                 
    and Constitutional office etc.   1.4 16,319     15,586    
  Payments to EU Budget   1.5 846,603     834,172    
  Other non-voted Expenditure   1.6 23,045 16,250,705   86,617 15,554,468  
               
Surplus on Current Account       5,487,135     3,421,660  
               
Capital Receipts:                
  Sinking Fund (a)   2.1 378,375     329,380    
  Loans repaid    1.8 206,871     68,431    
  EU Receipts   1.10 297,760     425,099    
  Sale of Telecom Éireann   1.12 1,171,112     3,677,389    
  Other Receipts   1.12 101,965 2,156,083   34,854 4,535,153  
               
Capital Payments:                
  Voted (Departmental expenditure                
  voted annually by the Dáil)   1.7 3,050,760     2,381,914    
  Non-Voted (expenditure charged                
  directly under particular legislation)                
  Loans issued   1.8 83,844     66,054    
  Share Capital acquired in State Bodies   1.9 (A) 9,229     12,044    
  Investment in International Bodies   1.9 (B) 755     425    
  EU Payments   1.11 619     190    
  Funding of Superannuation Liabilities   1.13 1,995,000     4,304,664    
  Other Payments    1.13 561    5,140,768   768 6,766,059  
               
Deficit on Capital Account       (2,984,685)     (2,230,906)  
               
Exchequer Surplus       2,502,450     1,190,754  
               
Source and Application of Funds                
  Total Repayment   2.3 2,431,353     1,251,812    
  Total Increase in Exchequer Balances                
  and Commercial Deposits   2.3 71,097 2,502,450   (61,058) 1,190,754  
               
Notes:                 
   (a)  The Sinking Fund provision is a transfer from the current account to the capital account to reduce capital debt.     
               
   (b)  The 2000 service of National Debt cost has been increased by £149,196 to reflect a reclassification of National Savings Schemes  
    between interest and debt balances.              
               
               
               
               
STATEMENT 1.2            
             
             
Current: Non-Tax Revenue            
      2000   1999  
    £000   £000  
           
Central Bank Surplus Income     168,093   152,351  
           
National Lottery Surplus (a)     127,430   109,934  
           
Royalties from Marathon Petroleum Ireland Ltd     6,950   3,515  
           
Interest received on loans :            
  Aer Lingus Shannon Ltd. (formerly Aerlínte Éireann Teoranta)   200     309  
  Bord Iascaigh Mhara   4,268     400  
  Dept. of Agriculture, Food & Rural Development in its capacity as Intervention Agency        
   FEOGA Guarantee   62          -  
  Dept. of Marine & Natural Resources            
   FEOGA Guarantee   305     139  
  Local Loans Fund    10,502     12,019  
  National Building Agency Ltd        -     23  
    15,337   12,890  
Share Dividends :             
  ACC Bank plc   2,348     4,247  
  Bord Gáis Éireann    11,000     11,000  
  Housing Finance Agency plc        -     3,560  
  ICC Bank plc        -     3,917  
  Irish Aviation Authority   984          -  
  Telecom Éireann   506     27,552  
    14,838   50,276  
Receipts collected by Government Departments and Offices : (b)            
Agriculture, Food & Rural Development:            
  Fine imposed on manager of AIBP Rathkeale meat plant         -     12  
           
Arts, Heritage, Gaeltacht and the Islands :            
  Surplus contributions re Irish Presidency of the EU in 1996        -     12  
           
Chief State Solicitor's Office:            
  Payment of instalment of debt        -     15  
  Reimbursement of legal costs        -     89  
           
Defence :            
  Re-imbursement by the UN of claims in respect of  Defence Forces            
    personnel who died or were injured while serving with UNIFIL   226     625  
           
Enterprise, Trade and Employment:            
  Receipt from Enterprise Ireland in respect of excess rental income        -     730  
  Receipt from IDA Ireland in respect of excess rental income   700     2,000  
  Receipt from Enterprise Ireland in respect of own resource income   175          -  
  Receipt from IDA Ireland in respect of own resource income   1,075          -  
           
Environment and Local Government :            
  Recoupment from European Commission of conference costs        -     39  
           
Foreign Affairs :            
  Passport and Consular Fees   20,524     13,867  
           
Justice, Equality and Law Reform  :            
  Court Fees   7,942     15,132  
  Citizenship Certificates   191     156  
  Court Percentages        -     36  
  Motoring Fines   17,226     19,400  
           
Land Registry and Registry of Deeds :            
  Land Registration Fees   31,685     22,150  
  Registry of Deeds Fees   1,515     955  
  Ground Rent Fees   59     77  
           
           
             
12            
           
           
             
           
             
Non-Tax Revenue - continued            
             
           
    2,000   1999  
    £000   £000  
Marine and Natural Resources            
  Coast Guard Charges   15          -  
  Salmon Conservancy Fund   5          -  
  MV Asian Parade Pollution Charges   22          -  
  Skerchi Barge Incident Charges   11          -  
           
Office of the Ombudsman :            
  Proceeds from sale of publications   1          -  
           
Office of Public Works:            
  Recovery of irregular rent payments   100     127  
           
Office of the Revenue Commissioners :            
  Fee Stamps credited by the Revenue Commissioners   1,156     414  
           
           
           
    82,628   75,836  
Other Receipts :            
           
  Forfeit election deposits   3     19  
  Conscience money   30     24  
  Income from Irish Life policy placed by Dublin District Milk Board   21     22  
  Refund of salary from Chairman, Dublin Docklands Development Authority   8     8  
  State Property Act, 1954 (Sections 29 & 31)   8     7  
  State Property Act, 1954 (Section 36)        -     1,000  
  Receipt from the European Investment Bank   542     3,394  
  Interest on Revenue accounts with the Central Bank   530     435  
  Interest on AIB lodgement        -     1  
  State witness expenses   5     23  
  Proceeds from Companies Liquidation Account   6     372  
  Receipts from Companies Registration Office        -     1  
  Criminal Justice Act, 1994 (Section 39)   258          -  
  Receipts from Agency for Personal Service Overseas   13     8  
  EU Budget refund : adjustments to prior years contributions       -     6,430  
  Receipt from ESB for pension contributions      -     3  
  Refund of pension surplus from City of Westminister Assurance Company      -     14  
  Office of the Director of Telecommunications Regulator annual surplus   162     311  
  Receipt in respect of two dissolved companies   1          -  
  Telecom Eireann Interest on Dividend   18          -  
              
    1,605   12,072  
           
           
PAYMENTS INTO EXCHEQUER     416,881   416,874  
           
Notes:            
(a)  Details of expenditure allocations under the National Lottery are shown in the Estimates for Public Services.        
           
(b)  These are receipts which, with the agreement of the Dáil, are paid into the Exchequer Account of the        
   Central Fund, rather than being voted towards offsetting Departmental expenditure as Appropriations-in-Aid.      
           
           
           
           
             
STATEMENT 1.8            
             
             
Capital:  Loan Transactions             
             
             
           
Body/Fund Outstanding     Outstanding    
at Loans Loans at    
   31 December  issued repaid    31 December     
1998 1999 1999 1999    
             
   £000    £000   £000   £000    
           
  Aer Lingus Shannon Ltd (formerly Aerlínte Éireann          
   Teoranta) 5,000   -   - 5,000    
  Bord Iascaigh Mhara (a) 16,909 175 12,109 4,975    
  Bula Ltd  (in receivership) (b) 956   -   - 956    
  Córas Iompar Éireann (c) 9,853   -   - 9,853    
  Department of Agriculture & Food: (d)            
  - FEOGA (Guarantee)   - 27,000   - 27,000    
  Department of Marine & Natural Resources:            
  - FEOGA (Guarantee)   - 38,879 24,577 14,302    
  Insurance Compensation Fund 132,000   -   - 132,000    
  Local Loans Fund (e) 151,891   - 31,151 120,740    
  National Building Agency Ltd 362   - 362   -    
  Shannon Free Airport Development Co Ltd 9,699   - 232 9,467    
           
             
           
  Total 326,670 66,054 68,431 324,293    
           
           
           
Notes:            
           
(a) Repayment by Bord iascaigh Mhara of advances totalling £9,683,042 were waived under the Sea Fisheries (Amendment) Act,    
   1963.  These loans were repaid out of Vote 30, Marine and Natural Resources.  The balance £2,425,553 was paid by      
  Bord Iascaigh Mhara.            
           
(b) Four loans, totalling £956,297, were advanced between 1983 and 1986 to Bula Ltd. Interest due to 31 December, 1999 was    
   £16,378,804.15  i.e. pari passu with loans made to the Company via Bula Holdings Ltd by the private shareholders of Bula Ltd.    
           
(c) Pending the enactment of legislation the amount is shown as outstanding, although in reality it is non-repayable.      
           
(d) In 1999, borrowings in respect of Guarantee Expenditure were novated to the NTMA and repaid by the NTMA.  These figures    
  relate to short-term Exchequer issues from the Central Fund, which was borrowed in December, 1999 to fund Guarantee      
  expenditure in advance of EU recoupment.  The money was repaid in January, 2000.        
           
(e) The figure given for loans outstanding at 31 December, 1998 has been reduced by £3,618,551.78 (the Loans Repaid figure in    
1998 is increased by £3,618,551.78) to reflect a reclassification of interest and principal on repayments to the Exchequer.  See     
  Statement 1.2.  This reclassification did not result in any loss to the Exchequer.          
           
           
           
             
STATEMENT 1.8            
             
             
Capital:  Loan Transactions             
             
             
           
Body/Fund Outstanding    

Outstanding

    
at Loans Loans

at

    
    31 December  issued repaid

    31 December 

    
1999 2000 2000 2000    
             
£000 £000 £000  £000    
           
  Aer Lingus Shannon Ltd (formerly Aerlínte Éireann          
    Teoranta) 5,000  -   - 5,000    
  Bord Iascaigh Mhara  4,975  - 1,199 3,776    
  Bula Ltd  (in receivership) (a) 956  -   - 956    
  Córas Iompar Éireann  9,853  -  - 9,853    
  Department of Agriculture, Food & Rural Development          
  - FEOGA (Guarantee) 27,000 50,000 47,000 30,000    
  Department of Marine & Natural Resources:            
  - FEOGA (Guarantee) 14,302 33,844 37,593 10,553    
  Insurance Compensation Fund 132,000   - 100,000 32,000    
  Local Loans Fund  120,740  - 20,844 99,896    
  Shannon Free Airport Development Co Ltd 9,467   - 235 9,232    
           
             
           
  Total 324,293 83,844 206,871 201,266    
           
           
           
Notes:            
           
           
(a) Four loans, totalling £956,297, were advanced between 1983 and 1986 to Bula Ltd. Interest due to 31 December, 2000 was    
    £19,845,824  i.e. pari passu with loans made to the Company via Bula Holdings Ltd by the private shareholders of Bula Ltd.    
           
           
           
           
           
           
           
           
           
           
           
           
           
           
             

 
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