Tag Archives: accounts

Clare Crusader’s Clinic is facing the threat of closure by 2020, unless major Government funding is provided on a annual basis. While neither of the co-founders, Councillor Ann Norton and Frank Cassidy, want to close the clinic, they have warned its current losses are unsustainable without Government funding. In the wake of the Console scandal, the co-founders have decided to open the accounts for the first time to dispel the perception that it has loads of spare cash. According to profit and loss accounts provided to The Clare Champion, the clinic has accumulated losses of €107,341. The charity made a slight profit of €1,495 in 2012, a profit of €14,615 in 2013 before sustaining a major loss of €48,523 in 2014. The clinic suffered further losses of €17,587 last year and €41,231 for the first six months of this year. Fundraising from 2005 to 2016 generated a gross return of €2,684,779, less €395,931 in costs, giving a net figure of …

SHANNON Group made a profit of just under €7.3 million last year. The Group encompasses Shannon Airport, Shannon Commercial Properties, Shannon Heritage and Shannon IASC. Its accounts show that it had total fixed and current assets of €147.5 million and total equity of €120.2 million. There were liabilities of €27.3 million. The accounts show that aeronautical and commercial activities were responsible for €37.76 million in revenue, commercial property rental, management and development for €14.22 million and tourism activities for €13.57 million. Shannon Group saw depreciation of just under €4 million in 2015. Wages and salaries for the year came to €28 million while there were social welfare costs of €2.46 million. On average Shannon Group employed 481 staff during the year. Four hundred and two were in operations and administration, 48 in commercial activities and 31 in property. Remuneration for the then Shannon Group Chief Executive Officer Neil Pakey came to €255,676 in 2015. Commenting on the Shannon Group results, …

Shannon representatives were before the Oireachtas Public Accounts Committee this afternoon where they were quizzed about the Shannon Development Accounts for 2013. Much of the session centred on a property transaction in Co Limerick as Deputy Joe Costello and Committee Chairman Deputy John McGuinness grilled them about Shannon Development’s sale of two units to Munster Packaging Ltd. Deputy Costello claimed that one of the conditions of sale was that the units be solely used for the purchaser’s business and not utilised for speculation. However he said that he understood that since the sale an individual had offered original tenants HL Commodity Foods a 13 year lease. He claimed that on the face of it, there seemed to have been “flagrant abuse” of the condition that the premises only be for Munster Packaging use. Ray O’Driscoll, Managing Director of Shannon Commercial Properties said that HL Commodity Foods had made enquiries about acquiring the premises in 2006 and 2008 but had opted …