Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Public Accounts Committee

National Transport Authority - Financial Statement 2011

11:40 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I would have assumed that the amount in question related to the internal financial audit. I am pleased to discover it does not, particularly as the figure involved is so high.

There are one or two other small points. Would Mr. L'Estrange explain the last line of page 52 of the accounts, that there is outstanding VAT repayable to be offset against future integrated ticketing scheme capital expenditure of €494,379. Why is there an outstanding VAT repayable amount? What does it mean?

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