21. Deferred Income


2017

€’000

2016

€’000




Grants and contributions to fixed assets






Opening Balance

11,470

11,890

Received during the year

1,870

55

Repaid during the year

(85)

-

Amortised to Profit and Loss Account during the year

(542)

(475)




Closing Balance

12,713

11,470




Creditors – amounts falling due within one year (see note 18)

542

482

Creditors – amounts falling due after one year (see note 19)

12,171

10,988





12,713

11,470

Capital grants received from various authorities in respect of capital expenditure incurred are recorded as deferred income and released to the Profit and Loss Account over the expected useful lives of the relevant assets.