Financials
Income & Expenditure Accounts: No 2 Department
 
 Interest
Received
from NDC
Other
Income
Interest
Paid
Management
Expenses
Other
Costs
Surplus/
(Loss)
Cumulative
Surplus
 1958
123,764
0
113,451
17,204
4,297
(11,188)
(11,189)
 1959
229,082
0
198,652
30,766
0
(335)
(11,524)
 1960
317,058
0
261,065
40,415
1,139
14,440
2,914
 1961
364,950
0
314,857
48,908
459
726
3,640
 1962
418,304
0
360,049
58,006
96
152
3,792
 1963
470,566
0
403,220
68,364
0
(1,018)
2,775
 1964
534,317
0
450,828
84,901
0
(1,412)
1,363
 1965
601,812
0
497,989
100,836
216
2,771
4,134
 1966
656,396
0
530,039
115,348
4,541
6,468
10,602
 1967
671,715
0
540,071
129,964
0
1,680
12,282
 1968
626,279
0
500,846
136,684
0
(11,251)
1,031
 1969
642,279
0
472,376
166,137
0
3,766
4,797
 1970
635,785
0
448,277
172,427
0
15,081
19,878
 1971
691,892
0
489,208
206,497
0
(3,813)
16,065
 1972
892,544
0
624,939
249,612
27,376
(9,383)
6,682
 1973
998,926
21,946
683,508
293,351
49,593
(5,580)
1,101
 1974
1,187,591
30,143
787,126
327,152
78,669
24,787
25,888
 1975
1,245,435
28,814
820,970
419,551
50,722
(16,994)
8,894
Mar 1976
1,708,096
26,390
884,358
465,748
127,156
257,224
266,118
 Nov 1976*
1,060,865
129,677
589,474
304,809
28,696
267,563
533,681
NOTES:
(1) *1976 - Period April 1st to November 20th 1976
(2) Other Income 1973 to 1976: Rents Receivable, Commision and Service Charges
(3) Other Income Nov 1976*: Bank Interest 116,599; Service Charges 13,078
(4) Other Costs 1958: Foundation Expenses
(5) Other Costs 1960 to 1962 & 1965 & 1966: Income Tax. Total = 6,451
(6) Other Costs 1972: Computer Expenses
(7) Other Costs 1973: Computer Expenses 39,853; Rent 9,740
(8) Other Costs 1974: Computer Expenses 68,927; Rent 9,742
(9) Other Costs 1975: Computer Expenses 71,999; Rent 13,723; (less Inter-Department Transfer 35,000)
(10) Other Costs 1976: Computer Expenses 75,904; Rent 16,252;  Inter-Department Transfer 35,000
(11) Other Costs Nov 1976*: Superannuation 28,696
 
The Inter-Department Transfer made in 1974/75 was a temporary transfer from No 1 Department to No 2 Department.
The transfer was made in anticipation of an increase in the rate of interest paid on No 2 Department money deposited with NDC (National Debt Commissioners). The transfer was made with the approval of the NDC. The rate increase was subsequently authorised by Statutory Instrument No 388 of 1975. The transfer was reversed in the following year.
 
The No 2 Department commenced April 1st 1957, and ceased November 20th 1976
 
Depositors' Balances at Year Ends are shown at Departmental Balances
 
Amount invested with the National Debt Office is shown at Investments - Table A
 
I&E A/c - No 1 Dept
 
I&E A/c - No 3 Dept
 
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