Oireachtas Joint and Select Committees
Thursday, 26 September 2013
Public Accounts Committee
Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency
12:10 pm
Mr. Brendan McDonagh:
No, it is going to decline over time as we sell our income-producing assets. That feeds into the impairment exercise we carry out. When we do up our cashflows for the Comptroller and Auditor General's audit, we look at the disposal value of and the income relating to all of the assets up to 2020. The board is projecting that during the final years of its life, NAMA will accrue very little income from the assets.
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