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COMPANIES ,N O^G U^ CHLASU CUiO ACH W B1 Submission Number: 6800315

B1 - Annual Return - 356183Company detailsDate return made up to 30 September 2009

Company detailsCompany numberCompany nameRegistered Office

Financial year fromFinancial year to

356183Dundalk Port Company LimitedHarbour Office, Quay StreetDundalkCo LouthIreland1 January 200831 December 2008

Secretary detailsSecretaryType of entityIndividual detailsSurnameForenameAddress

Individual Resident within EEA

MurphyFreda ElizabethCourtbane, HackballscrossDundalkCo LouthIreland

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COMPANIES ,N O ^ G U ^ CHLASU CUiO^ACH W B1 Submission Number: 6800315

DirectorsDirectorsFrank Allen ( 1 )1 DirectorType of entityIndividual detailsSurnameForenameCountry of nationalityDate of birthBusiness occupationAddress


AllenFrankIRELAND15 November 1956DirectorHelm ParkDundalkCo LouthIrelandEEA resident

Seamus Belton ( 2 )2 DirectorType of entityIndividual detailsSurnameForenameCountry of nationalityDate of birthBusiness occupationAddress


BeltonSeamusIRELAND5 February 1962Director29 Castle ParkDundalkCo LouthIrelandEEA resident

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James Cousins ( 3 )3 DirectorType of entityIndividual detailsSurnameForenameCountry of n ationalityDate of birthBusiness occupationAddress


CousinsJamesIRELAND4 December 1937Director140 Aid EsmuinnDundalkCo LouthIrelandEEA resident

Seamus Keelan ( 4 )4 DirectorType of entityIndividual detailsSurnameForenameCountry of nationalityDate of birthBusiness occupationAddress


KeelanSeamusIRELAND30 March 1944DirectorNewry RoadDundalkCo LouthIrelandEEA resident

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NiallKehoe (5)5 DirectorType of entityIndividual detailsSurnameForenameCountry of n ationalityDate of birthBusiness occupationAddress


KehoeNiallIRELAND6 November 1957DirectorMaxwell RowDundalkCo LouthIrelandEEA resident

Noel Leniioii ( 6 )6 DirectorType of entityIndividual detailsSurnameForenameCountry of nationalityDate of birthBusiness occupationAddress


LennonNoelIRELAND26 December 1942DirectorShore RoadDundalkCo LouthIrelandEEA resident

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/ " / V S j&G gH jA jiO ^ OFFKIV ^ l a n o ^ iT u ^ 'a i IK o c O iB^ A o T rA? ^ B1 Submission Number: 6800315

MichaelMcCabe (7)7 DirectorType of entityIndividual detailsSurnameForenameCountry of n ationalityDate of birthBusiness occupationAddress


McCabeMichaelIRELAND5 September 1957DirectorThe Shires, St Alphonsus RoadDundalkCo LouthIrelandEEA resident

LeoMcCauley (8)8 DirectorType of entityIndividual detailsSurnameForenameCountry of nationalityDate of birthBusiness occupationAddress


McCauleyLeoIRELAND10 April 1945DirectorOrchardvill, Rock Road EastBlackrock, DundalkCo LouthIrelandEEA resident

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COMPANIES GS'SATlO* OFFICE, | - fN OIRG UM CHLASU G M A C H TA: W B1 Submission Number: 6800315

Kevin Meenan (9 )9 DirectorType of entityIndividual detailsSurnameForenameCountry of n ationalityDate of birthBusiness occupationAddress


MeenanKevinIRELAND27 August 1972Director5 Cottage View, Farm RoadAnnagassan, DundalkCo LouthIrelandEEA resident

Pearse O'Hanrahan ( 1 0 )10 DirectorType of entityIndividual detailsSurnameForenameCountry of nationalityDate of birthBusiness occupationAddress


O'HanrahanPearseIRELAND21 May 1939DirectorSt Alphonsus Close, St AlphonsusRoadDundalkCo LouthIrelandEEA resident

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COMPANIES SEGS'SATlO* OFFICE, | - fN OIRG Ultf CHLASU G M A CH TA: W B1 Submission Number: 6800315

Frances Rocks ( 1 1 )11 DirectorType of entityIndividual detailsSurnameForenameCountry of nationalityDate of birthBusiness occupationAddress


RocksFrancesIRELAND11 February 1952Director"Roc-Ard", Mullaharlin RoadDundalkCo LouthIrelandEEA resident

List of past and present membersList of past and present m embersTotal numb er shares held 1507333John Lumsden ( 1 )1 ShareholderSurname / Company Nam eForename (if person)Address

Folio numberShareholding1Numbers heldShare Class

LumsdenJohnMarine and Natural Resources,Lesson LaneDublin 2IrelandLUMSDEN-JOHN

1Ordinary

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COMPANIES GS'SATlO* OFFICE, | - fN OIRG UM CHLASU G M A C H TA: W B1 Submission Number: 6800315

Minister for Finance (2)2 ShareholderSurname / Company NameForename (if person)Address


FinanceMin ister forGovernment Buildings, UpperMerrion stDublin 2IrelandMINIS TER4FIN

1507331Ordinary

Fintan O'Brien ( 3 )3 ShareholderSurname / Company Nam eForename (if person)Address


O'BrienFintanMarine and Natural Resources,Lesson LaneDublin 2IrelandOB RIEN-FINT A

1Ordinary

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/ " / V S j&GSTJAjiO^ OFFKIB1 Submission Number: 6800315

Authorised Share CapitalAuthorised Share Capital1Currency EURTotal 1940705.00M ade u p as follows:-i1Currency EURClass OrdinaryNumber of Shares 1552564Nom inal value per share 1.250000Issued Share CapitalIssued Share Capital

1Currency EURTotal 1884166.25M ade u p as follows:Paid up on shares issued for cash 1884166.25Considered paid on other shares 0.00Total calls unpaid (E) 0.00Total not yet paid (F) 0.00Total standing to credit of Capital 0.00Conversion Reserve FundShares issuedConsideration - all cashTotal Number of shares issued - (A) 1507333Totals1Currency EURTotal amount paid (C) 1884166.25M ade u p as follows:1

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B1 Submission Number: 6800315

CurrencyClassNumber of SharesTotal nominal valueTotal premium paidTotal amount paidCon sideration - not all cash

EUROrdinary15073331884166.250.001884166.25

Total Number of shares issued -( B ) 01Currency EURTotal amount considered paid (D) 0.00TotalsTotalsTotal number of shares issued (A) + 1507333(B )Totals1Currency EURTotal paid and unpaid and considered 1884166.25paid (C) + (D) + (E) + (F)Particulars of persons verifying the contents of the formType of Signature Signature as AgentType of entity Business nam e registered in Ireland

Electronic Filing AgentCompany name O'Hare Finnegan McGahonType of entity Individual Resident within EE A

Individual detailsSurname GorhamForename Catriona

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/ " / V S j&G gH jA jiO ^ OFFKIB1 Submission Number: 6800315

Particulars of the presenterReferenceReference Number 1091

Presenter detailsType of entityNameAddress

Care Of NameE-mail addressTelephone numberFax number

Irish registered CompanyO'Hare Finnegan M cGahonFirst Floor, Block 1Quayside Business ParkDundalk, Co [email protected] m042 9331637042 9334639

AttachmentsAttachments

Balance sheet S128 Companies Act 1963 [CA 63]; S7 and S18Companies (Amendment) Act 1986 [CAA 86]

Notes to the Accounts Schedule of CAA 86

Directors Report S.128 CA 63; S.7 and S.18 CAA 86

Auditors Report S.128 CA 63; S.7 and S.18 CA 86

List of shareholders

Page 11 of 12
mailto:[email protected]:[email protected]

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COMPANIES GS'SATlO* OFFICE, | - fN OIRG U^ CHLASU G M A C H TA: W B1 Submission Number: 6800315

Legal referencesCollective Citation:Com panies Acts, 1963 to 2009

Legal Function Performed:Ann ual R eturn to the registrar of companiesAct: Companies Act, 1963Section: 125, 127, 128Act: Companies (Ammendment) Act 1986Section: 7Act: Electoral Act 1997Section: 26Act: Companies (Ammendment)(No. 2) Act 1999Section: 43 and 44Act: Companies Act, 1990Section: 249A

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4241006Company Registration No. 3561 83(Eire)

DUNDALK PORT COMPANY LIMITEDAUDITED ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2008

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DUNDALK PORT COMPANY LIMITED

CONTENTS

Page

Directors and other information 1

Statemen t of directors' responsibilities 2

Independent Auditors' reprot to the shareholders 3

Independent Auditors' report to the Shareholders 4 - 5

Abridged balance sheet 6

Notes to the abridged financial statements 7 - 1 2including S tatement of Accounting Policies

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DUNDALK PORT COMPANY LIMITEDDIRECTORS AND OTHER INFORMATION

Shareholders

Directors

Minister for FinanceFintan O'BrienJohn LumsdenMinister of CMNRMinister of TransportPearse O'HanrahanLeo McCauleySeamus KeelanNoel LennonMichael McCabeJames CousinsKevin MeenanFrank AllenRosemary FarrellNiall KehoeFrances RockSeamus Belton

SecretaryChief Ex ecutive OfficerCompany numberRegistered Office

Auditors

Business Address

Bankers

Solicitors

Freda Murphy Frank Allen

356183Harbour OfficeQuay StreetDundalk; Co LouthO'Hare Finnegan McGahonChartered Accountants & Registered AuditorsFirst Floor, Block 1Quayside Business ParkMill StreetDundalk; Co LouthQuay StreetDundalk; Co LouthBank of IrelandClanbrassil StreetDundalk; Co LouthUlster BankClanbrassil StreetDundalk; Co LouthEsther McGahon, McGuinness & CompanyKilgar House; Jocelyn StreetDundalk; Co Louth

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DUNDALK PORT COMPANY LIMITEDSTATEMENT OF DIRECTORS' RESPONSIBILITIESFOR THE SHAREHOLDERS FINANCIAL STATEMENTSThe directors are responsible for preparing the Annual Report and the financial statements inaccordance with applicable Irish law and Generally Accepted Accounting Practice in Irelandincluding the accounting standards issued by the Accounting Standards Board and published bythe Auditing Practices Board in the UK and Ireland.Irish com pany law requires the directors to prepare financial statements for each financial periodwhich give a true and fair view of the state of affairs of the company and of the profit or loss ofthe company for that period.In preparing those financial statements, the directors are required to:- select suitable accounting policies and then apply them consistently- make judgem ents and estimates that are reasonable and prudent- prepare the financial statements on the going concern basis unless it is inappropriate to presum ethat the company will continue in business.The directors confirm that they have com plied with the above requirements in preparing thefinancial statements.The directors are responsible for keeping proper books of account which disclose with reasonableaccuracy at any time the financial position of the com pany and to enable them to ensure thefinancial statements are prepared in accordance w ith accounting standards generally accepted inIreland and with Irish statute comprising the Com panies Acts 1963 to 2006 and all Regulations tobe construed as one with those Acts. They are responsible for ensuring that the company otherwisecomplies with the provisions of those Acts relating to financial statements in so far as they areapplicable to the company.They are also responsible for safeguarding the assets of the company and hence for takingreasonable steps for the prevention and detection of fraud and other irregularities.Where financial statements are to be published on the w eb, the directors are responsible for th emaintenance and integrity of the corporate and financial information included o n the com pany'swebsite.In so far as the directors are aware:- there is no relevant audit information (information needed by the company's auditors inconnection with preparing their report) of w hich the company's auditors are unawa re, and- the directors have taken all the steps that they ought to have taken to make them selves aw are ofany relevant audit information and to establish that the com pany's auditors are aware of thatinformation.On behalf of the board on 16th April 2009

Pearse O'Hanrahan

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DUNDALK PORT COMPANY LIMITEDAUDITORS' REPORT TO THE COMPANYPURSUANT TO SECTION 18(3) OF THE COMPANIES (AMENDMENT) ACT. 1986

To the directors of Dundalk Port Company Limited.The following are copies of our report dated 17th April 2009 under section 18(4) Com panies(Amendm ent) Act 1986 to the directors of D undalk Port Company and our report dated 17th April2009under section 193 Com panies Act 1990 to the mem bers of that company for its financial yearended 31 December 2008.Report of the auditors under section 18(4) Companies (Amendment) Act 1986W e have examined the abridged acco unts on pages 6 to12, together with the financial statem entsof the company for the year ended 31 Dece mber 2008 to be laid before the Annual General M eeting,which form the basis for those abridged accounts.Respective responsibilities of directors and auditorsThe directors are responsible for preparing abridged accounts in accordance with Sections 10 and 12of the Companies (Am endment) A ct 1986. It is our responsibility to form an independent opinion as tothe company's entitlement to the exem ptions claimed in the director's statement and whe ther theabridged accounts have been properly prepared in accordance with those sections.Basis of opinionW e have carried ou t the procedures we considered necessary to confirm, by reference to the auditedfinancial statements, that the directors are entitled to annex abridged accounts to the annual returnand the abridged accounts have been properly prepared from those financial statements. The scopeof our work for the purpose of this report does not include exam ining or dealing with events after thedate of our report on the full financial statements.OpinionIn our opinon the directors are entitled under Section 18 of the Compa nies (Am endment) Act 1986 toannex to the annual return of the company abridged accounts in respect of the year ended 31 Decem ber2008, and those abridged accounts have been properly prepared to the provisions of S ections 10 and12 of that Act.Other informationOn 17th April 2009 we reported, as aud itors of the company, to the shareholders on the financialstatements for the year ended 31 D ecembe r 2008, and the full text of our audit report is reproduced onpages 4 to 5 of these financial statements.

First Floor, Block 1Quayside Business ParkMill StreetO'Hare Finnegan McGahonChartered Accountants &Registered AuditorsDate: 17th April 2009 DundlakCo Louth

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INDEPENDENT AUDITORS' REPORT TO THESHAREHOLDERS OF DUNDALK PORT COMPANYFOR THE YEAR ENDED 31 DECEMBER 2008

We have audited the financial statements of Dundalk Port Company Limited for the year ended31 December 2008 which comprise the profit and loss account, the balance sheet, the cash flowstatement, the statement of total recognised gains and losses and the related notes. Thesefinancial statements have been prepared under the historical cost convention as modified by therevaluation of certain fixed assets and the acco unting policies set out therein.This report is made solely to the company's shareholders, as a body, in accordance with S ection193 of the Companies Act, 1990. Our audit work h as been undertaken so that we might stateto the company's shareholders those matters we are required to state to them in an auditors'report and for no other purpose. To the fullest extent permitted by law, we do not accept or assumeresponsibility to anyone other than the company and the company's shareholders as a body, forour audit work, for this report, or for the opinions w e have formed.Respective responsibilities of directors and auditorsAs described in the statement of directors' respo nsibilities the company's directors are responsiblefor the preparation of the financial s tatements in accordance w ith applicable law and IrishAccounting Standards published by the Auditing Practices Board in the UK and Ireland.Our responsibility is to audit the financial statements in accordance with relevant legal andregulatory requirements and A uditing Standards promulgated by the Auditing P ractices Board (UKand Ireland) and International Standards on Auditing (UK and Ireland).We report to you our opinion as to whether the financial statements give a true and fair view inaccordance with Generally Accepted Accounting Practice in Ireland and are properly prepared inaccordance with the Companies Acts 1963 to 2006. We also report to you whether in ouropinion: proper books of account have been kept by the company; whether, at the balance sheetdate, there exists a financial s ituation requiring the convening of an Extraordinary General Meetingof the company: and w hether the information given in the Directors' Report is consistent with thefinancial statements. In addition, we state whether we have obtained all the information andexplanations necessary for the purposes of our audit and whether the comp any's balancesheet and its profit and loss account are agreement w ith the books of account.We also report, to the shareholders if, in our opinion, any information specified by law regardingdirectors' remuneration and directors' transactions is not disclosed and, where practicable, includesuch information in our report.We report to you whether in our opinion the information given in the directors' report is consistentwith the financial statemtns. The information given in the directors' report includes that specificinformation presented in the O perating and Financial Review that is cross referred from the Bus inessReview section of the directors' report. We are required by statute to report on whether therequirement of the Prompt Paym ents Act 1997 have been met.

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AUDITORS' REPORT TO THE COMPANYPURSUANT TO SECTION 18(3) OF THE COMPANIES (AMENDMENT) ACT, 1986 (CONTINUED)

Basis of OpinionW e conducted our audit in accordance w ith International Standards on Auditing (UK and Ireland)issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidencerelevant to the amounts and disclosures in the financial statements. It also includes an assessm entof the significant estimates and judge me nts made by the directors in the preparation of the financialstatements, and of whether the accounting policies are appropriate to the company's circumstances,consistently applied and adequately disclosed.W e planned and performed our audit so as to obtain all the information and explanations which weconsidered necessary in order to provide us with sufficient evidence to give reasonable assurancethat the financial statements are free from material misstatement, whether ca used by fraud orother irregularity or error.In forming our opinion we also evaluated the overall adequacy of the presentation of informationin the financial statements.W e have undertaken the audit in accordance with the requirement of the APB Ethical Standards -Provisions Available for S mall Entities, in the circumstances set out in the notes to thefinancial statements.OpinionIn our opinion the financial statements:- give a true and fair view, in accordance with G enerally Accepted Accounting Practice in Ireland,of the state of the company's affairs as at 31 December 2008 and of its loss and cash flows for theyear then ended; and- have been properly prepared in accordance with Companies Ac ts 1963 to 2006W e have obtained all the information and explanations we consider necessary for the purposes ofour audit. In our opinion the company has kept proper books of account. The financial statementsare in agreement with the books of account.In our opinion the information given in the directors' report is consisten t with the financialstatements. In our opinion the company has been in breach of the requirements of the PromptPayments Act 1997.The net assets of the company, as stated in the Balance Sheet, are more than half the amount ofits called up share capital, and in our opinion, on that basis there did not exist at 31 December 2008a financial situation which under Section 40 (1) of the Com panies ( Amen dmen t) Act, 1983 wouldrequire the convening of an extraordinary general m eeting of the c ompany.

C v t w ( ^ w * ^O'Hare Finnegan McG ahon First Floor, Block 1Chartered Accountants & Quayside Business ParkRegistered Auditors Mill StreetDated: 17 April 2009 DundalkCo LouthThis is certified a true copy.On behalf of the board

Pearse O'Hanrahan/DirectorDate: 17 April 2009 Frank >

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DUNDALK PORT COMPANY LIMITEDBALANCE SHEETAS AT 31 DECEMBER 200E,

Yearended31-Dec2008

Yearended31-Dec2007

Fixed AssetsTangible assetsNotes

3

5,478,565

3,013,830

Current AssetsDebtors and prepaymentsCash at bank and in Hand

Creditors: amounts falling duewithin one yearNet current assets

347,3821,265,5461,612,928

471,1931,072,7481,543,941

4 (257,813) (240,813)1,355,115 1,303,128

Total ass ets less current liabilities 6,833,680 4,316,958Creditors: amounts falling due aftermore than one year (1,126,969) (901,146)

5,706,711 3,415,813

Capital and reservesCalled up share capitalRevaluation reserveOther reservesProfit and loss account

1,884,1664,325,83473,204(576,493)

1,287,0102,015,44573,20440,154

Shareholders' funds - equity interests 5,706,711 3,415,813

The directors have taken advantage of the abridged disclosure exemptions conferred by Section 10and 12 of the Com panies (Am endment) Act, 1986 on the grounds that the company is entitled to thebenefit of those exemptions as a small company.The abridged accoun ts were approved by the Board and authorised for issue on 16 April 2009 andsigned on itsjsehalf by

Frank AllDirectorP.O'Hanrahan ChairmanDirector

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DUNDALK PORT COMPANY LIMITEDNOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2008Note 1 - Accounting PoliciesBasic of Preparation of Financial StatementsThe financial statements have been prepared in accordance with accounting standardsgenerally accepted in Ireland and Irish statute comprising the C ompanies Acts, 1963 to 2006.The financial statements have been prepared in accordance with accounting standards[S.205A(2) of the Companies Act 1990 (inserted by S.41 Companies (Auditing & Accounting)Act 2003)}.Accounting conventionThe financial Statements are prepared under the Historical Cost C onvention.Turnover PolicyThis comprises revenue from charges to port users, dredging and from rents.Tangible fixed assets and depreciationDepreciation is provided on all tangible fixed assets, at rates calculated to write off the cost orvaluation, less residual value, of each asset systematically over its expected useful life, as follows:Quays Not DepreciatedWa rehouse 2% Straight LineBuildings 4% Straight LinePilot Boats 12.5% Straight LinePlant 12.5% Straight LineOffice Furniture 12.5% Straight LineOffice Equipment 12.5% Straight LineWa rehousing Equipment 12.5% Straight LineDredger & Equipment 12.5% Straight LineIn the case of pilot boats, plant and office furniture and equipment, the rate ofdepreciation is that estimated to reduce the value, net of depreciation, to nil at the end oftheir u seful life.In the case of land or buildings, the rate is that chosen to write off the expenditure or the am ountof the revaluation over an acceptable period.The tangible fixed as sets were revalued at 5,534,000 on 4 March 2008 and are included in theaccounts at the revalued a mount.The valuation was carried out by an independent valuer, Laurence G unne of Clanbrassil Street,Dundalk, Co Louth.

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DUNDALK PORT COMPANY LIMITEDNOTES TO THE FINANCIAL STATEMENTS(CONTINUED)FOR THE YEAR ENDED 31 DECEMBER 2008Financial AssetsInvestments held as current assets are stated at the lower of cost and net realisable value.

Foreign CurrenciesThe accounts are expressed in Euro. Transactions during the year have been translated at therate of exchange ruling at the date of the transaction. Assets and liabilities denom inated inforeign currencies are translated into Euro at the rates of ex change ruling at the balance sheetdate. The resulting profits or losses are dealt with in the profit and loss a ccount.

Pension CostsProvision is made for liability for pensions payable to former or dependants of em ployees ofDundalk Harbour Commissioners. Three employees who have had service with Dundalk HarbourCommissioners before the formation of Dundalk Port Company do not make Superannuationcontributions. Arrangements for the establishment of a pension fund for theseemployees are under discussion w ith the Department and will be expected to include provisionfor the proportion of pensions a rising from service to the comm issioners prior to the formation ofDundalk Port Company. Amo unts provided out of profits of previous years which may be surplusto the requirement to fund pensions to retired former employees are retained as part funding forliabilities which may arise in the future for present em ployees. Employees where service dates fromafter the formation of the com pany may contribute to P .R.S.A.s.Government GrantsCapital grants received are credited to issued shares.Grants towards revenue expenditure are released to the Profit and Loss account as therelated expenditure is written off.

Deferred Ta xationDeferred tax is recognised in respect of all timing differences that have originated but not reversedat the balance sheet date where transactions or events have occurred at that date that will resultin an obligation to pay more, or a right to pay less or to receive more, tax with the followingexceptions:Provision is m ade for tax on gains arising form the revaluation ( and similar fair value ad justments)of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacementassets, only to the extent that, at the balance sheet date, there is a binding agreement to disposeof the assets concerned. However, no provision is m ade where, on the basis of all availableevidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled overinto replacement a ssets and charged to tax only where the replacement assets are sold;Provision is made for deferred tax that would arise on rem ittance of the retained earnings ofoverseas subsidiaries, associates and joint ventures only to the extent that, at the balance she etdate, dividends have been accrued as receivable;

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DUNDALK PORT COMPANY LIMITEDNOTES TO THE FINANCIAL STATEMENTS(CONTINUED)FOR THE YEAR ENDED 31 DECEMBER 2008Deferred Taxation continueddeferred tax assets are recognised only to the extent that the directors consider that it is morelikely than not that there will be suitable taxable profits from which the future reversal of theunderlying timing differences can be ded ucted.Deffered tax is measured on an undiscounted basis at the tax rates that are expected to apply inthe periods in which timing differences reverse, based on tax rates and laws enacted orsubstantively enacted at the balance sheet date.

DredgingThe cost of routine or maintenance dredging projects is charged to the profit and loss account asincurred. Other dredging expenditure is capitalised and written off over its useful econo mic life.

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DUNDALK PORT COMPANY LIMITEDNOTES TO THE FINANCIAL STATEMENTS ( CONTINUED)FOR THE YEAR ENDED 31 DECEMBER 2008Note 2 - Directors and their interestsThe directors who served during the period and their interests in the company are as stated below:Pearse O'Hanrahan Jame s CousinsLeo McCauley Kevin MeenanSeamus Keelen Rosemary FarrellNoel Lennon Niall KehoeMichael McCabe Frances RockFrank Allen Seamus BeltonThe sharesholders in the company are as follows:-Ordinary shares

31/12/08 01/01/08John Lumsden 1 1Fintan O'Brien (De pt. of Marine) 1 1Michael Guilfoyle 1 1Minister for CMNR 870,363 870,363Minister for Transport 636,967 159242The directors retire from the board by rotation in accordance with the Articles of Association and,being eligible, offer themselves for re-election.

Note 3 - Fixed Assets Tangiblefixedassets

Cost 3,618,773Additions 325,121Revlauations 1,970,585Disposables (89,192)At 31 December 2008 5,825,287DEPRECIATIONAt 01 January 2008 604,943Revaluations (359,989)On disposals (56,380)Charge for the year 158,148At 31 Decem ber 2008 346,722NET BOOK VALUEAt 31 Decem ber 2008 , 5,478,565

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DUNDALK PORT COMPANY LIMITEDNOTES TO THE FINANCIAL STATEMENTS(CONTINUED)FOR THE YEAR ENDED 31 DECEMBER 2008Note 4 - Creditors: Amounts falling due within one year 2008 2007

Current Account 5,688 36,479Visa Account - 106Loan Accounts 70,088 29,070Trade Creditors 13,711 12,005Creditors (W areho using) 35,717 46,263Creditors (Dre dger) 31,774 20,748Expenses Creditors 53,202 46,259Taxation (2,219 ) 2,386Tenders returnable - 1,181PRSA 830 1,093Non-Contributory Pension fund 49 ,022 45,223

257,813 240,813

Note 5 - Creditors: Amo unts falling due after more than Year Yearone year ended ended2008 2007

Pension Fund 956,786 701,007Bank Loans 170,183 200,1391,126,969 901,146

Note 6 - Share Capital 2008 2007 Authorised1,552,564 Ordinary shares of 1.25 each 1,940,705 1,315,705The company increased its authorised share capital during the year by 500,000 Ordinaryshares @ 1.25.Allotted, called up and fully paid1,029,608 Ordinary shares of 1.25 each 1,287,010 1,287,010477,725 Ordinary shares of 1.25 each 597,156 ^1,884,166 1,287,010

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DUNDALK PORT COMPANY LIMITEDNOTES TO THE FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 31 DECEMBER 2008Note 7 - APB Ethical Standard- Provisions for Small EntitiesIn comm on with m any other businesses of our size and nature we use our auditors to prepare andsubmit returns to the Revenue C omm issioners and assist with the preparation of the financialstatements.Note 8 - Accounting PeriodsThe current accounts are for a full year. The com parative accounts are for a full year.Note 9 - Approval of financial s tatementsThe financial statements were approved an d authorised for issue by the board on the16 April 2009.

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