Statement of Income and Expenditure and Retained Revenue Reserves
50
SCIENCE FOUNDATION IRELAND ANNUAL REPORT 2015
Statement of Income and Expenditure and Retained Revenue Reserves
For the year ended 31 December 2015
|
2015 |
2014 |
Notes |
€’ 000 |
€’ 000 |
restated |
Income Oireachtas Grant |
2 |
170,439 |
162,365 |
Other Income |
3 |
824 |
590 |
Net Deferred Pension Funding |
5( c) |
1,145 |
476 |
172,408 163,431
Expenditure Administration, Operations & Promotion |
4 |
8,714 |
8,904 |
Depreciation |
6 |
115 |
247 |
Retirement Benefit Costs |
5( a) |
954 |
401 |
Grants Payable |
9( a) |
162,706 |
153,905 |
172,489 163,457
Excess of Expenditure over Income |
|
( 81) |
( 26) |
Transfer( to) / from the Capital Account |
7 |
( 122) |
151 |
Surplus /( Deficit) for the Year after Appropriations( 203) 125
Balance Brought Forward at 1 January 2015 829 704 Balance Carried Forward at 31 December 2015 626 829
The Statement of Income and Expenditure and retained Revenue Reserves includes all gains and losses recognised in the year. The Statement of Cash Flows and Notes 1 to 17 form part of these Financial Statements. On behalf of the Board of Science Foundation Ireland:
Ms Ann Riordan Chairman
Prof Mark Ferguson Director General
Date: 17 May 2016 Date: 17 May 2016