Derek Nolan (Galway West, Labour) | Oireachtas source

There is something in the report of the Comptroller and Auditor General that may seem quite benign, but its inclusion is very worrying. It is the view that the body is a going concern, given its debt and income levels, as well as the overall position of the industry. It is entirely dependent on State funding in order to maintain operational surplus and profits each year. Without qualifying the Comptroller and Auditor General's opinion, he draws attention to this issue of whether the fact that it remains a going concern is appropriate based on the assumption of continued State funding and future increases in turnover. That implies that some factors must remain in place; if the €11 million from the State were to go in the morning, we all know the body would be in trouble. What will happen if the anticipated increase in activity does not occur? What will happen if the Henry Street headquarters is sold for less than the anticipated price when the market inflates? The body may not be a going concern.