Oireachtas Joint and Select Committees
Thursday, 9 October 2014
Public Accounts Committee
2013 Annual Accounts of Shannon Free Airport Development Company
12:45 pm
Joe Costello (Dublin Central, Labour) | Oireachtas source
Is Mr. McGarry saying that the write-down took place prior to the establishment of the public limited company and that the upward revaluation of €39 million moves into the figures not as a deficit but a plus? In other words, the write-down is no more at this point in time but the new company has the benefit of the write-up?
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