Oireachtas Joint and Select Committees

Thursday, 4 July 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund

11:30 am

Mr. Conor Dunne:

There are two leases on the Baggot Street buildings. One is up this year and we intend to hand back the building. The other is not up until 2017. It is a much smaller building and we will have a use for it. With regard to the overall accelerated depreciation we went through an exercise where we reviewed much of the expenditure on leases, particularly before the transfer to the Department of Social Protection, and where they had been written down over 50 years and we brought them back to the period of the lease. Unfortunately some of them slipped through, Birr being one. With regard to the accelerated depreciation in 2012, we looked at the depreciation policy on this and put in an additional charge for 2012 given that we would be exiting in 2013.

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