Directors' Report and Financial Statements Structures and Statistics ...

60 ITB Financial Statements 1998–1999
ITB Financial Statements 1998–1999
61
Notes to the Financial Statements continued
Period Ended
14 CAPITAL ACCOUNT 9-Dec-99
IR£’000s
Balance transferred from Department of
Education and Science 10 December 1998 10
CAPITAL GRANTS RECEIVABLE
State Capital Grants 7668
Allocated from State Recurrent Grant 228
________
7906
________
RELEASE TO INCOME
Amortisation in line with Asset Depreciation 560
Capital Grants Released to Income 100
________
Balance 9 December 1999 7246
________
Notes to the Financial Statements continued
17 AMOUNTS IN CASH FLOW STATEMENTS
Amounts included in Cash flow Statement are reconciled as follows:
(a) NET CASH INFLOW(OUTFLOW) FROM OPERATIONS
Operating Surplus/(Deficit) 33
(Increase) in Debtors (291)
Increase in Creditors 361
________
103
________
(b) INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
Cash at bank and in Hand
Opening Balance 0
Closing Balance 103
________
103
________
15 CAPITAL COMMITMENTS
The Institute has agreed to purchase its site from Fingal County Council. IRL£3.5m is outstanding in
respect of this purchase pending finalisation of title transfer. Other estimated capital commitments
of IR£179,000 existed at 9 December 1999
Period Ended
16 ESF STUDENT MAINTENANCE GRANTS 9-Dec-99
IR£’000s
Receipts from the Department of Education and Science 14
Payments to Students (16)
________
(c) NET CASH INFLOW(OUTFLOW) FROM STUDENT MAINTANANCE GRANTS
Cash received from Department of Education and Science 14
Cash Payments to Students (10)
________
18 EMPLOYEES
The average number of employees (whole-time equivalents) during the year was 74.
4
________
Balance 9 December 1999 (2)
________
19 APPROVAL OF FINANCIAL STATEMENTS
The financial statements were approved by the Governing Body on the 24th October 2001.