The first barrel containing malt whiskey made with barley harvested on the Slane Castle estate being filled at Slane Distillery. Slane Irish Whiskey co-founders Lord Henry Mount Charles and Alex Conyngham with Alan Buckley, assistant distillery manager. Photograph: Marc O’SullivanAccumulated losses at Slane Castle Irish whiskey have risen to €25.7 million, new financial accounts show.
The most recent accounts show that it had made a loss of €3.2 million in the year to the end of April, 2023, up from the previous year’s trading loss of €2.7 million. It also had fixed assets worth €30.2 million, including property worth around €17 million and barrels, fixtures and fittings worth close to €13 million.
The company also had reserves worth €67.9 million, the largest part of which was a ‘capital contribution reserve’ in the amount of €67.4 million. According to the accounts, “the capital contribution represents a gift received from Brown-Forman Netherlands BV”, its immediate parent company. The accounts note that this gift was “being made with the intention and understanding that it will be irrevocable, non-refundable and unconditional in all respects”.
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