Statement of Changes in Net Assets
for the year ended 31 December 2017
Discretionary Portfolio | Directed Portfolio | Total | |||||
---|---|---|---|---|---|---|---|
Note | 2017 €m |
2016 €m |
2017 €m |
2016 €m |
2017 €m |
2016 €m |
|
Profit/(loss) for the year | 345 | 234 | 2,570 | (1,110) | 2,915 | (876) | |
Transfers to the Exchequer | 11 | - | - | (3,459) | - | (3,459) | - |
Assets transferred between portfolios | 250 | 0 | (250) | - | - | 0 | |
Increase/(decrease) in net assets | 595 | 234 | (1,139) | (1,110) | (544) | (876) | |
Net assets at beginning of year | 8,091 | 7,857 | 12,891 | 14,001 | 20,982 | 21,858 | |
Net assets at end of year | 8,686 | 8,091 | 11,752 | 12,891 | 20,438 | 20,982 |
The accompanying notes form an integral part of the financial statements.
On behalf of the Agency
![Conor O'Kelly Signature](images/conor_okelly_sig.jpg)
Conor O’Kelly, Chief Executive
National Treasury Management Agency
![Willie Walsh Signature](images/willie_walsh_sig.jpg)
Willie Walsh, Chairperson
National Treasury Management Agency
29 May 2018