Reserve Account
For the year ended 31 December 2017
| Note | 2017 €000 |
2016 €000 |
|
|---|---|---|---|
| Repayment of moneys transferred to the Fund | 3 | (24,371) | (25,075) |
| Interest on repayment of moneys transferred to the Fund | 3 | (235) | (147) |
| Transfer from Investment and Disbursements Account | 4 | 29,075 | 31,877 |
| Interest Expense | 6 | (73) | (44) |
| Operating Expenses | 7 | (427) | (200) |
| Movement for the year | 3,969 | 6,411 | |
| Balance at 1 January | 76,491 | 70,080 | |
| Balance at 31 December | 80,460 | 76,491 |
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
29 May 2018