Oireachtas Joint and Select Committees

Thursday, 9 October 2014

Public Accounts Committee

2013 Annual Accounts of Shannon Free Airport Development Company

12:45 pm

Mr. David McGarry:

I am afraid it is not money in the bank. The impairment is not a cash loss to the company as such and there has been no sale of impaired assets. On the assets that have been revalued, there is no cash inflow arising from it. It is purely a valuation exercise.

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