Oireachtas Joint and Select Committees

Thursday, 6 February 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012

11:20 am

Mr. John Crawley:

No, it is a continuing operation and the loan was being repaid but we effectively sold the loan with the property. It was treated as a loan on our book so from an accounting point of view we recorded the CHQ transaction in its simplest terms as a €10 million sale proceeds and approximately €800,000 loan write-off. Our net gain out of the transaction was about €9.2 million.

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