Annual Accounts for the year ending 31st December 2007

Accounts for the period ended 31st December 2007
2. Funding From Departments
2.1 Financial Year 1st January - 31st December 2007
Note DCRGA DCRGA DCAL DCAL TOTAL TOTAL
€ STG£ € STG£ € STG£
Funding taken 25,584,788 17,501,052 4,680,997 3,201,995 30,265,785 20,703,047
to Income
Funding Capitalised 13 __________ 11,127,892 ___________ 7,611,938 ___________ 6,474,614 ___________ 4,428,903 ___________ 17,602,506 ___________
12,040,841
36,712,680 __________ ___________ 25,112,990 ___________ 11,155,611 ___________ 7,630,898 ___________ 47,868,291 ___________
32,743,888
2.2 Financial Year 1st January - 31st December 2006
Note DCRGA DCRGA DCAL DCAL TOTAL TOTAL
€ STG£ € STG£ € STG£
Funding taken
to Income 23,452,373 15,986,621 4,277,179 2,915,596 27,729,552 18,902,217
Funding Capitalised 13 10,538,846 __________ ___________ 7,183,944 ___________ 1,465,676 ___________ 999,097 ___________ 12,004,522 ___________ 8,183,041
33,991,219 __________ ___________ 23,170,565 ___________ 5,742,855 ___________ 3,914,693 ___________ 39,734,074 ___________
27,085,258
This table indicates how the funds have been applied in the accounts. This is based on generally accepted
accounting principles. The Body was paid grants from money voted by Parliament and Dáil Éireann. NSMC,
with the approval of the Finance Ministers, recommended that the grants should be split on an 85:15 basis
for current work – DCRGA (85) and DCAL (15). Capital works are 100% funded in the jurisdiction in which
they take place. The funding definition of current and capital differs from generally accepted accounting
principles. DCAL funding taken to income includes a notional charge for ASLC (Accruing Superannuation
Liability Charges) of €425,290 (€267,564 for 2006). ASLC’s are paid by DCAL direct to DFP to fund pension
liability at a rate of 24.2% of the Northern share (15%) of pensionable pay. In 2006 ASLC’s paid by DCAL
direct to DFP to fund pension liability at a rate of 15% of the Northern share (15%) of pensionable pay.
3. Other Operating Income
€ STG£ € STG£
2007 2007 2006 2006
Licences 770 527 35,627 24,286
Property Related Income 90,860 62,152 90,001 61,350
Operating Income 238,723 163,296 275,317 187,673
Interest Receivable 3,030 2,073 2,974 2,027
Other Income ___________ 24,894 ___________ 17,029 ___________ 12,153 ___________ 8,284
Total ___________ 358,277 ___________ 245,077 ___________ 416,072 ___________
283,620
Waterways Ireland Annual Report and Accounts 2007
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