Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Public Accounts Committee

National Transport Authority - Financial Statement 2011

11:40 am

Mr. Phillip L'Estrange:

No, that is within the overall amount of €20 million. If I was to break down the €20 million, €17.5 would relate to the taxi surplus - which was assumed into the accounts of the NTA on 1 January 2011 - and the other €2.5 million is essentially working capital that we manage. We get money in and we then pay it out to creditors. We also pay out grants and so forth. The €2.5 million is committed money, while the €17.5 million is the taxi surplus we carried forward into 2012.

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