Statement of Income and Expenditure and Retained Earnings
For the year ended 31 December 2017
Note | 2017 €000 |
2016 €000 |
|
---|---|---|---|
Investment (Loss)/Income | 3 | (2,278) | 17,175 |
Interest Expense | 4 | (4,560) | (6,039) |
Operating Expenses | 5 | (28,169) | (28,173) |
Deficit for the Year | (35,007) | (17,037) | |
Balance at 1 January | 147,675 | 164,712 | |
Balance at 31 December | 112,668 | 147,675 |
The accompanying notes form an integral part of the financial statements.
On behalf of the Agency
![](images/conor_okelly_sig.jpg)
Conor O’Kelly, Chief Executive
National Treasury Management Agency
![](images/willie_walsh_sig.jpg)
Willie Walsh, Chairperson
National Treasury Management Agency
29 May 2018