Oireachtas Joint and Select Committees

Tuesday, 21 January 2014

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2014
Vote 32 - Department of Jobs, Enterprise and Innovation (Revised)

2:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

I will have to revert to Deputy Calleary with precise figures on asset values. The approximate value is €70 million and the company's rent roll is approximately €9 million. Most assets will transfer to the Shannon Airport Authority although the IDA, whose property management role also extends to Enterprise Ireland, will acquire some assets that are core to the industrial development strategy. I will revert to the Deputy with details.

The pension liabilities will transfer to the Department and will, therefore, reside with the Exchequer, although they will form part of my Department's Vote.

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