Statement of Financial Position


as at 31 December 2016

Discretionary portfolio Directed portfolio Total
Note 2016
€m
2015
€m
2016
€m
2015
€m
2016
€m
2015
€m
Assets
Investments 7, 8 7,169 5,356 12,651 13,761 19,820 19,117
Loans and receivables 7, 8 461 395 25 - 486 395
Trade and other receivables 9 61 396 - - 61 396
Balance due from brokers 7 39 - - - 39 -
Cash and cash equivalents 12 427 1,731 215 240 642 1,971
Total assets 8,157 7,878 12,891 14,001 21,048 21,879

Liabilities
Financial liabilities 7 (48) (1) - - (48) (1)
Balance due to brokers 7 - (15) - - - (15)
Other liabilities 10 (18) (5) (0) (0) (18) (5)
Total liabilities (66) (21) (0) (0) (66) (21)

Net assets of the Fund at year end


8,091


7,857


12,891


14,001


20,982


21,858

The accompanying notes form an integral part of the financial statements.

On behalf of the Agency

Conor O’Kelly, Chief Executive
National Treasury Management Agency

Willie Walsh, Chairperson
National Treasury Management Agency

8 May 2017