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THE PUBLISHER BEHIND several religious school books, including the well-known Alive-O! series, has slipped further into the red and continues to rely on Church funding to keep afloat.
Religious publisher Veritas made a loss of just under half a million euro in the year to the end of 2015, according to recently filed accounts.
The company is being supported by the Irish Catholic Bishops’ Conference, which pumped millions in funding into the firm during the year.
Dublin-based Veritas is a Catholic publisher and retail group which publishes several different Christian books, including a range of bibles and the Alive-O! series, a widely used religious education series for primary school children.
According to accounts just filed by the firm, its turnover rose from €5.7 million in 2014 to €6.2 million in 2015.
Once the cost of sales were accounted for, the company made a gross profit of €3.5 million, up from €3.2 million the year before.
Loss
However, once additional costs, primarily ‘administrative expenses’, were factored in, the publisher made an operating loss of just under €400,000. Overall, when all costs were counted, the company made a net loss of €496,580.
Although this was an improvement on the previous year, when the company made a net loss of €1.8 million, the company is loaded with high debts.
The company owed €4.4 million to its creditors within the next year, while the firm was sitting on stocks worth more than €3 million. The accounts noted that a charge has been made to reflect the possibility of “stocks being sold at less than cost”.
Veritas’s accumulated losses stood at almost €5 million at the end of 2014 and would have been pushed higher still were it not for a €4 million cash injection.
The business received a €4 million ‘capital contribution’ from Veritas Communications, the publisher’s parent company. The Irish Catholic Bishops’ Conference is the ultimate controlling party and arranged for the money to be put into Veritas.
The conference is the official assembly of the Roman Catholic bishops of Ireland, who together oversee various Church functions like education and pastoral care.
Plan
The company’s directors report stated that the firm “has prepared a plan that will see the business return to generating positive cash flows”.
“A significant positive contribution is expected from the new primary programme in Ireland, Grow in Love, which was successfully launched for junior and senior infants in 2015,” it said.
“The company performed strongly in the second half of the year due to the launch of the new primary school programme and the recovery of sales in the core categories of books and gifts.”
The firm said that it is confident of the “continued support of its funders”.
Performing well
A spokesman for the company told Fora that its religious educational publishing “has always been an important part of the overall Veritas business and this part of our business is performing very well at the moment”.
He added: “Like most businesses in Ireland we have faced challenging trading conditions in recent years, but the rest of our business is performing much better this year and the company expects to return to profitability in 2016.”
Some 98 people were employed by the firm during the year, up from 95 the year before, although staff costs were largely static at about €2.3 million.
Written by Paul O’Donoghue and posted on Fora.ie
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I am SHOCKED !!
SHOCKED I tell you
“My hand glides down her ass to the blue string, and I tug out the tampon, which I toss in the toilet. She gasps, shocked, ”
And well she might be..
He threw a tampon in the toilet!!!
Will nobody think of the beaches?
That’s how those fatbergs start. Horrific stuff
Nothing worse than walking up with a tampon string between your teeth.
You dont last long then….just if you’ve still got the tampon string in your mouth…you havent done much more after that
My fanfiction-
“I thrust into her again and again, watching my cock disappear and reappear from her mouth. “Now you see it, now you don’t!” I declare, thinking of my childhood dream to be a magician. My cock is still purple and glittery from when I stuck it into the glitter glue earlier, and I’m just grateful we aren’t having another incident like the one a few years back, when I had to visit A&E with a woman stuck to my penis. My glitter glue fetish has caused some scenes, let me tell you.
“FJBGJBVKSJBKF,” says Ana.
“WJNDJFBKJFB,” I say back, and then I realize we aren’t role-playing as Teletubbies, she just can’t speak because she has my cock in her mouth. In between thrusts, she says, “Christian… your… cock… is… the… second… greatest… thing… I’ve.. ever… had… in… my… mouth.”
“BOOM!” I say as I ejaculate. Then I realize what she’s said. “Second greatest? What’s that supposed to mean?”
“Well, I like food too,” says Ana, and I frown, all jealous.
“Why is food better than my penis?” I demand. Just in case she thinks I’m insecure or something, I hold my dick up beside my face, all 35 inches of it, and shake it like a dog, and the shakes run through it like waves. “Feast your eyes on this!”
“Well, it keeps you alive,” says Ana.
“I think you’re getting dicks and hearts confused,” I say. “Last time I checked, my dick doesn’t pump blood around my body, thus keeping me ALIVE.” She’s such a bimbo, but that’s okay because bimbos make me feel intelligent.
“No, food keeps you alive,” says Ana.
“Oh,” I say, dropping my penis. It hits the ground with a thud and glitter lands all over us both, making it snow dick-glitter. “Let’s take things to a new level of sadism,” I say.
“What are we going to do?” she asks, and she looks at my collection of whips and chains and other such objects.
“We’re going to a concert,” I say. “Jedward. If you are anything like me, it will cause your ears to burn but you will be overcome with lust.”
Ana looks scared. “Is that too much?” she asks.
“Maybe,” I say, scratching my arse. “But sure, it’ll be deadly.” “
Pissin myself laughing! That’ll take some beating (pun intended)!
Mrs Shalakalananaka, that was superb. I can’t wait for the movie.
“High-speed fibre-optic connections” wtf?
I read the first paragraph as far as “teeth ” at which point I realised this dude has no clue.
I actually wasn’t even aware that it was this graphic. It’s literally porn. Madness.
It’s literally shite is what it is! Ms James hasn’t learned to write in the intervening period between publications.
would they not just have a nice cup of tea instead ??
Who is the intern that got that high priority job.
Nicky Ryan is the winner.
No anal and condom use?.I think me and the missus will stick with the ol hardcore pornography but thanks all the same.
Chair tight in at the desk while reading Mr. Hosford, like a pro.
Semi anyone !!
Some Murray Kinsella analysis would be good.lol
This really is taking the whole copy and paste thing to the next level.
Thanks guys, that just saved me reading the whole book, its like a trailor for a movie, when they show the best bits on the trailor and the rest of the movie was crap.
Nice article though..wink wink
sounds like she took his best & laughed.
Clit lit !
How many kids have the journal on their phones.
Totally unsuitable porn.
As opposed to that child-suitable porn they should be proving?
What a load of cock!
Your standard role play stuff right there…
Foreplay* -_-
There’s a plan B? Bloody hell….
So, that’s what women want. Who knew?
In Ireland, we pay our politicians and bankers to abuse us. We pay them extremely well, they enjoy abusing immensely well, we hate being abused, but we still pay.
I think that the Irish are a special variation of masochist. We enjoy the humiliation. We love paying for humiliation but we hate the abuse itself.
We are a sadist’s dream.
Shut up, you gonk.
wtf is a “gonk”
Did you just create a new word?
@ Glenard
Shut it you chasrinacontif.
Chuckling, the truth hurts! Enjoy it.
50 Shades of Grey is actually an allegorical tale about Irish politics over the last few years. It’s quite clever actually, it’s a really underappreciated novel.
Orla Ryan says her favourite piece of filth from the book is where the chick with the hairy gee gets licked out and you start thinking about politicians. You might as well be dead, Anthony. ;)
He got it from “Crocodile Dundee”
Sorry, wasn’t paying attention, too busy shagging the missus. What’s this about?
Sounds like Fanny Hill written 200 years ago. Cut and Paste job.
“Down with this sort of thing,”
have your say