Statement of Changes in Net Assets
as at 31 December 2016
| Discretionary | portfolio | Directed | portfolio | Total | |||
|---|---|---|---|---|---|---|---|
| Note | 2016 €m |
2015 €m |
2016 €m |
2015 €m |
2016 €m |
2015 €m |
|
| Profit / (loss) for the year | 234 | 69 | (1,110) | 2,784 | (876) | 2,853 | |
| Transfers (to) / from the Exchequer | 11 |
- |
335 |
- |
(3,500) |
- |
(3,165) |
| Assets transferred from the NPRF | 11 |
0 |
1 |
- |
0 |
0 |
1 |
| Assets transferred between portfolios | - |
280 |
- |
(280) |
- |
- |
|
| Increase / (decrease) in net assets | 234 |
685 |
(1,110) |
(996) |
(876) |
(311) |
|
| Net assets at beginning of year | 7,857 |
7,172 |
14,001 |
14,997 |
21,858 |
22,169 |
|
| Net assets at end of year | 8,091 | 7,857 | 12,891 | 14,001 | 20,982 | 21,858 |
The accompanying notes form an integral part of the financial statements.
On behalf of the Agency
Conor O’Kelly, Chief Executive
National Treasury Management Agency
Willie Walsh, Chairperson
National Treasury Management Agency
8 May 2017