Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Public Accounts Committee

Bord na gCon - Annual Accounts 2011

11:30 am

Mr. Adrian Neilan:

In the briefing sheet it is mentioned that we asked Deloitte to do an impairment review of assets and it concluded that no impairment was necessary. We believe that in the way we have set up our industry and based future-proofing on international commingling. In a climate in which many assets have been devalued, having no impairment charge speaks to the volume of our business and value of assets.

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