The main Irish subsidiary of iPhone maker Apple last year paid $25 billion (€23 billion) in corporation tax with €15.84 billion arising from the European Court of Justice decision to find against Apple and the Irish government in the disputed Apple state aid tax case dating back to a European Commission state aid decision in 2016
The accounts filed by the Cork based Apple Operations International Ltd (AOIL) show that AOIL paid out $8.84 billion in cash in corporation taxes for the 12 months to the end of September last.
Pretax profits at AOIL last year increased by 7 per cent from $71.07 billion to $76.36 billion as revenues increased marginally by 1.5 per cent from $218.89 billion to $222.3 billion.
The company’s post tax profits totalled $51 billion following the $25 billion corporation tax charge.
Post tax profits decreased by 18 per cent from $62 billion the previous year.
AOIL is registered at the company’s Holyhill campus in Cork and covers most of Apple’s non-US subsidiaries.
The company acts as a holding company for a number of Apple subsidiaries. It manufactures and develops everything from the company’s iPhone and iPad products to computers.
The group has international operations with sales outside Ireland representing a majority of the group’s net sales.
The new consolidated accounts show that the business last year paid dividends of $67.62 billion to Apple which was down sharply on the dividends of $92.2 billion the previous year.
The accounts don’t disclose the amount of corporate tax paid in Ireland but state that a 12.5 per cent corporate tax charge would have resulted in corporation taxes of $9.5 billion.
Numbers employed at AOIL and its subsidiaries last year totalled 55,827 with some 6,000 of those employees based in Ireland.
Staff costs totalled $7 billion and that included share-based compensation of $1.73 billion.
The company’s cost of sales last year totalled $120.2 billion resulting in a gross profit of $102 billion.
The group’s research and development costs last year totalled $16.92 billion.
AOI’s shareholder funds at the end of September last amounted to $47.96 billion
The group’s cash funds decreased marginally to $17.85 billion.
