17. Other liabilities
2016 €000 |
2015 €000 |
|
---|---|---|
Minister for Agriculture, Food and Marine payable | 13,914 | - |
Amounts due to the NTMA | 214 | 351 |
Other liabilities | 203 | 61 |
Tax due | 8 | 16 |
14,339 | 428 |
Under an agreement between the Minister for Agriculture, Food and the Marine (the “Minister for AFM”) and the SBCI dated 20th December 2016 (the “Agri Co-Operation Agreement”) the Minister for AFM advanced funds to the SBCI to be used in the Agriculture Cashflow Support Loan Scheme (the “Scheme”) to support SMEs in the agricultural sector in Ireland. Funds that remain unutilised during the life of the Scheme are repayable to the Minister for AFM. No funds had been utilised as at the 31 December 2016 as the Scheme was not launched until 31 January 2017.
The tax due amount represents PAYE payable to the Revenue Commissioners at the end of the financial year.