Oireachtas Joint and Select Committees
Tuesday, 18 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Mr. Brian McEnery:
If the Deputy reads the paragraph where the Comptroller and Auditor General concludes there was a probable loss he is concluding it on the basis of the discount factor of 5.5%. We are saying, and there is a lot of evidence to support it, that if a company was taking cashflows out to 2020 it would not use a discount factor of 5.5%.
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