A list of the semi-State commercial companies under the remit of my Department is available on the Department's website at the following link http://www.dttas.ie/agencies?field_sector_tid=All. Details of Dividends paid from 2000 are set out in the Table below or, in the case of the State ports and harbour authorities, from 2006 when responsibility for maritime functions was transferred to the then Department of Transport.
The Government's position is that all profitable commercial State companies with distributable profits return a financial dividend to the State. The general guideline figure is 30% of after-tax profits. Depending on the financial circumstances of the particular company, the figure adopted may be more or less than this guideline 30% figure. However, dividend policies will need to take account of issues such as current and projected profitability, capital investment plans and pension funding.
The DAA dividend policy is dependent on profitability and is currently based on a 20% payment. As a newly established entity (August 2014), Shannon Group's focus is on its commercial sustainability. A dividend policy is yet to be decided.
Commercial Companies
|
Year
|
€ Dividend Paid
|
DAA
|
2000-2002
2003
2004
2005-2008
2009
2010-2014
|
Nil
7.2m
6m
Nil
19.4m
Nil
|
Irish Aviation Authority
|
2000
2001
2002
2003
2004-2011
2012
2013
2014
|
1.16m
1.071m
1m
1.271m
Nil
5.015m
4.833m
6.535m
|
Port of Cork Company
|
2006-2010
2011
2012
2013
2014
|
Nil
630,000
358,976
407,000
503,861
|
Drogheda Port Company
|
2006-2014
|
Nil
|
Dublin Port Company
|
2006
2007
2008
2009
2010
2011
2012
2013
2014
|
Nil
4.2m
5.1m
5.3m
5.5m
16.5m
10.2m
15m
8m
|
Dun Laoghaire Harbour Company
|
2006-2014
|
Nil
|
Shannon Foynes Port Company
|
2006-2014
|
Nil
|
Galway Harbour Company
|
2013
|
30,000
|
New Ross Port Company
|
2006-2014
|
Nil
|
Port of Waterford Company
|
2006-2014
|
Nil
|
Wicklow Port Company
|
2006-2014
|
Nil
|