(a) Share capital
Authorised: |
31-Dec-24 |
31-Dec-23 |
1,000,000 ordinary shares at €1.00 each |
1,000 |
1,000 |
Total |
1,000 |
1,000 |
Issued, called up and fully paid: |
31-Dec-24 |
31-Dec-23 |
1 ordinary share |
1 |
1 |
99 ordinary shares |
99 |
99 |
Total |
100 |
100 |
Share premium
31-Dec-24 |
31-Dec-23 |
|
At 1 January |
(324,000) |
(324,000) |
Issue of shares |
- |
- |
At 31 December |
(324,000) |
(324,000) |
On 1 January 2023, in accordance with Water Services Amendment Act 2022, Uisce Éireann issued one ordinary share to the Minister for Housing, Local Government and Heritage and 99 ordinary shares to the Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation.
(b) Capital contribution
|
2024 €’000 |
2023 €’000 |
||
At 1 January |
(3,972,067) |
(3,392,174) |
|
Cash capital contribution |
(i) |
(571,704) |
(580,630) |
Net obligations assumed on separation from Ervia |
(ii) |
- |
737 |
At 31 December |
(4,543,771) |
(3,972,067) |
(i) In each year, the Company received a non-refundable cash capital contribution from the Government as set out above. This funding mechanism is outlined in the Company’s published Strategic Funding Plan 2025-2029.
(ii) Further to the Government’s policy to separate Uisce Éireann from Ervia, as announced in 2018, the Company was required to assume certain liabilities previously held by Ervia. During 2023 the Company assumed pension obligations from Ervia (see note 17 and 25 for further details).