Statement of Income and Expenditure and Other Comprehensive Income
For the year ended 31 December 2016
Note | 2016 €'000 |
2015 €'000 |
|
---|---|---|---|
Income | |||
Operating income | 5 | 62,292 | 66,357 |
Central fund income | 6 | 47,418 | 42,281 |
Net deferred retirement benefit funding | 8.1 | 4,392 | 7,761 |
Transfer from capital account | 17 | (13) | 791 |
114,089 | 117,190 | ||
Expenditure |
|||
Staff costs | 7.1 | (94,627) | (98,693) |
Other operating expenses | 7.1 | (19,078) | (18,022) |
Net interest expense of defined benefit pension scheme | 9.5 | (384) | (475) |
(114,089) | (117,190) | ||
Net Income / Expenditure | - | - | |
hidden | |||
Other Comprehensive Income For the year end 31 December 2016 | Note | 2016 €'000 |
2015 €'000 |
Actuarial (loss) / gain recognised on retirement benefit obligations | 9.6 | (18,347) | 14,375 |
Movement in deferred retirement benefit funding | 8.2 | 18,347 | (14,375) |
Total recognised gain / (loss) | - | - |
The accompanying notes form an integral part of the financial statements.
On behalf of the Agency
![](images/Conor_O_Kelly_sig.jpg)
Conor O’Kelly, Chief Executive
National Treasury Management Agency
![](images/Willie_Walsh_sig.jpg)
Willie Walsh, Chairperson
National Treasury Management Agency
8 May 2017