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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