Statement of Income and Expenditure and Retained Earnings
For the year ended 31 December 2016
Note | 2016 €'000 |
2015 €'000 |
|
---|---|---|---|
Investment Income | 3 | 17,175 | 9,241 |
Interest Paid and Payable | 4 | (6,039) | (8,118) |
Operating Expenses | 5 | (28,173) | (26,821) |
Deficit for the Year | (17,037) | (25,698) | |
Balance at 1 January | 164,712 | 190,410 | |
Balance at 31 December | 147,675 | 164,712 |
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