Almost 900 company directors were cautioned for using excessive amounts of company money for their personal use last year.

The Office of the Director of Corporate Enforcement has released the figures today.

Over €160m has been repaid to the firms involved following the findings.

The interim review by the office of the Director states that 48 companies, directors and others were convicted of breaches of company law in 2006.

The ODCE was also involved in having 14 people disqualified by the High Court from acting as company directors, while two others were restricted in their actions.

900 directors were cautioned for taking improper loans from their companies.

Under company law, directors' loans cannot be more than 10% of the company's value.

The Director of Corporate Enforcement, Paul Appleby, said over €160m of these improper loans were repaid after the individuals involved were contacted by his office.

For the first time, the ODCE contacted the Revenue Commissioners to inform them that 86 of these cases involved loans totalling €48m.