Statement of Income and Expenditure and Retained Revenue Reserves

Statement of Income and Expenditure
and Retained Revenue Reserves
for the year ended 31 December 2018

Notes2018 €’0002017 €’000
Income
Oireachtas Grants21,246,0571,153,979
Interest Earned/(Paid)(45)3
Net deferred funding for Pensions19a1,106670
Other Income37,08811,530
1,254,2061,166,182
Less
Amounts allocated for HEA
Capital Purposes7(143)(102)
1,254,0631,166,080
Expenditure
Recurrent and Access Grants41,156,1831,066,097
Capital Grants429,62421,626
Research Grants458,83269,166
Administration Overheads510,7758,901
1,255,4141,165,790
  
Excess of expenditure over income(1,351)290
Transfer from Capital Reserve79375
Surplus/(Deficit) for the year(1,258)365
 
Balance brought forward 1 January2,8502,485
Balance carried forward 31 December 1,5922,850
  • The Statement of Cash Flows and Notes 1-21 form part of the Financial Statements.
  • All items of income and expenditure relate to continuing activities

Michael Horgan
Chairperson
25 June 2019

Paul O’Toole
Chief Executive
25 June 2019