A DUBLIN-based subsidiary of eBay paid the e-commerce giant a dividend of $112.5 million in 2009. Accounts just filed for PayPal International Ltd, which acts as a holding company for various PayPal subsidiaries, provides details of the windfall to its California-based parent.

This amounted to an equity dividend of $1,125 per ordinary share.

The Irish-registered entity holds “excess group cash” for which interest income is earned, according to its directors’ report. It also provides loans to related parties.

PayPal International made a profit last year of $91.8 million. This comprised dividend income of $90.5 million received from an entity called Paypal Private Ltd. It also earned interest income of $724,000 and “other” income of $638,000.

After the dividend payment was made to eBay, PayPal International was left with a loss for the year of $20.6 million, reducing its accumulated profits to $36.4 million at December 31st, 2009.

The Irish entity closed last year with shareholders’ funds of $301.7 million.

The accounts also show that on November 19th, 2009, PayPal International issued a loan to Springboard Finance LLC, formerly a Skype company. The loan was structured so that the company lent $48 million and received $50 million plus interest in return.

This loan was repaid in full on February 21st, 2010. A new loan of $25 million was then issued to the same company.