Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Public Accounts Committee
2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Communications, Energy and Natural Resources
Chapter 8 - Operation of the Emergency Call Answering Service
10:00 am
John Perry (Sligo-North Leitrim, Fine Gael) | Oireachtas source
Regarding the return on the investment, while everyone would agree that BT is doing a very good job, the call service would appear to be a cash cow when we consider the level of money, €3.86 million, it started with in 2011 and then it got €9.42 million in 2012, €9.3 million in 2013 and €7.76 million in 2014. When we consider also its profit margin of €750,000, which was in excess of the 4.2% rate agreed plus the additional percentage allowed, plus the fact that it can write off its initial investment, is it not the case that the risk was minimal and value for money was very poor?
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