Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Public Accounts Committee

Bord na gCon - Annual Accounts 2011

11:00 am

Mr. Adrian Neilan:

I wish to emphasise the board has gone through a significant capital development programme since 2007. We have spent €29 million on capital development, putting in place an infrastructure which is future proof. We have now stopped our capital development programme. Given the level of surpluses we have been able to generate over recent years, we are very expectant we have put in place a cost culture environment. We have reduced our operating costs by 46%. We are very focused on reducing our costs. We will generate more returns and we will have a significant opportunity with regard to the sale of our product abroad, which will bring significant moneys into the business and help protect the industry.

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