Oireachtas Joint and Select Committees
Thursday, 3 May 2018
Public Accounts Committee
Vote 29 - Department of Communications, Climate Action and Environment
9:00 am
Ms Breda O'Keeffe:
As you can see from our balance sheet, Chairman, we had debt of almost €50 million at the end of 2016. We have repaid €10 million of that debt to Bank of Ireland to reduce our debt and gearing levels as well as to reduce our interest charges. That is the first thing that has happened and we have done that.
Organisational restructuring is ongoing.
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