DCU had to bail out two of its subsidiary companies in 2010.

The bailout is revealed in the Comptroller and Auditor General's report on third level financial administration.

DCU also provided support to the Tony Ryan Academy for Entrepreneurship - a non profit joint venture between DCU and the family of Ryanair founder the late Tony Ryan.

The company managing the Helix theatre on the DCU campus - UAC Management Ltd - had issues about whether it could continue as a going concern.

It was saved in September 2010 by a capital contribution of €7.4 million which was approved by the University's governing authority.

UAC Management Ltd also received contributions of half a million euro each year in 2008 and 2009 from University income which were described as "contributions to the arts".

The Comptroller and Auditor General notes that from an accounting perspective, UAC had "going concern issues" which were overcome through the support of the University.

The Academy had been lossmaking since its inception, with accumulated losses at the end of the 2008/2009 academic year of €2.1 million euro.

Its turnover in that year was €29,000 compared to administration costs of €240,000.

In September 2010 the university's governing authority approved a capital contribution of €2.4 million.

DCU said that while it had been lossmaking to date, revenues are increasing, and the university views the academy as a vital element of its enterprise and engagement strategy.

Invent DCU

Issues also arose at Invent DCU - an innovation and enterprise centre on the DCU campus established in 2001. It was intended that part of its funding would come from five patrons each donating €635,000 - and in return receive an equity share in each developed company.

However, only 2 patrons subscribed, leaving a shortfall of €1.9 million. As a result, DCU is committing to providing €100,000 a year for 19 years to meet the subscription shortfall.

DCU's Director of Finance told the review that support for the three subsidiaries had been funded from subsidiary company profits which had been remitted to the University in previous years.