11. State Savings Schemes
2017 €m |
2016 €m |
||
---|---|---|---|
Savings Certificates | 6,026 | 5,908 | |
Savings Bonds | 3,250 | 3,747 | |
Prize Bonds | 3,170 | 2,892 | |
10 Year National Solidarity Bonds | 2,967 | 2,643 | |
4 Year National Solidarity Bonds | 1,376 | 1,506 | |
Instalment Savings | 501 | 496 | |
Savings Stamps | 2 | 2 | |
17,292 | 17,194 |
Amounts shown in respect of Savings Certificates, Instalment Savings, Savings Bonds, Solidarity Bonds and Prize Bonds are net of €3.5 million (2016: €5.7 million) cash balances held by An Post, Permanent TSB and the Prize Bond Company. An Post and the Prize Bond Company act as registrars for the respective schemes.
As the National Debt financial statements are prepared on a cash basis, the liabilities do not include the sum of €452 million (2016: €451 million), being the estimate of the amount of accrued interest at 31 December 2017 in respect of Savings Bonds, Savings Certificates, 10 Year National Solidarity Bonds, 4 Year National Solidarity Bonds and Instalment Savings.