Seán Fleming (Laois, Fianna Fail) | Oireachtas source

I want to read to Mr. McCarthy the note with which he has obviously concurred in NAMA's 2013 accounts. It states the portfolio had a par value of £4.6 billion and that, as the transaction had not yet been completed at the date of authorisation of the financial statements - 9 May 2014 - and was commercially sensitive, the financial effect of the transaction was not being disclosed and not recognised in the financial statements. Is it normal practice to use commercial sensitivity as a reason not to include something in a body's audited accounts? Is it normal to exclude items from audited accounts just because they are commercially sensitive?