Oireachtas Joint and Select Committees
Thursday, 23 October 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
11:20 am
Mr. John Pollock:
What we presented back then was that there could be something of the order of €10 million or €12 million of retained value. We have now carried out the more detailed analysis with the sign-off of the board and the Comptroller and Auditor General's office has provided its imprimatur. We are waiting for the sanction of the Department of Finance and the Department of Public Expenditure and Reform, but retained value will be of the order of €6 million to €6.5 million. There will be a write-off on the 2013 accounts, subject to sanction, of the order of €35 million.
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