Statement of 24. Co-funding by group companies financial activities Total € € Co-funding to NCBI companies 2,158,807 1,131,900 Co-funding by NCBI companies (2,158,807) (1,131,900) At 31 December 2016 - - 25. Other statutory sources of funding Grant Agency Pobal Sponsoring government department Department of Social Protection Grant programme Community Services Programme Total grant €36,833 Expenditure €36,833 Term Expires 31 January 2018 Received year end 31 December 2016 Capital Nil Restriction on use Support for staff wages 26. Related transactions Related party transactions occur between group companies as a result of payments and receipts made on behalf of group companies by another group member and the allocation of support costs from NCBI Group to its subsidiary companies. All companies in the group financially support group members and so transfers occur between companies where the activities of the company is in deficit. All transactions were conducted at arm's length.
24. Co-funding by group companies Statement of financial activities Total € € Co-funding to NCBI companies 2,158,807 1,131,900 Co-funding by NCBI companies (2,158,807) (1,131,900) At 31 December 2016 - - 25. Other statutory sources of funding Grant Agency Sponsoring government department Grant programme Pobal Department of Social Protection Community Services Programme Total grant Expenditure Term Received year end Capital Restriction on use €36,833 €36,833 Expires 31 January 2018 31 December 2016 Nil Support for staff wages 26. Related transactions Related party transactions occur between group companies as a result of payments and receipts made on behalf of group companies by another group member and the allocation of support costs from NCBI Group to its subsidiary companies. All companies in the group financially support group members and so transfers occur between companies where the activities of the company is in deficit. All transactions were conducted at arm's length.
Annual-Report-2016-word.docx