Annual Report 2016

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17. Capital Grants

30 March 2016
€’000
25 March 2015
€’000
27 March 2014
€’000
At beginning of the year12,13212,61612,132
Received during the year4,3891,1241,937
Amortised during the year(1,747)(1,608)(1,453)
At end of the year14,77412,13212,616
Deferred as follows:
Within one year2,6711,8391,700
After more than one year12,10310,29310,916

Edenderry Power Limited received a European Union grant for €26 million as part of the Economic Infrastructure Operational Programme (EIOP) in the period 1999 to 2002. All conditions under the grant agreement have been satisfied.

During the year Edenderry Power Limited received a grant of €4.1 million (2015: €1.1 million) towards the construction of biomass handling and storage facilities. All conditions under the agreement have been satisfied.

During the year the Company received a grant for €0.3 million towards the construction of the Lough Boora Parkland Facilities from an Bord Failte. A number of conditions remain in progress and further monies are available for drawdown.