Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

Reference is made on page 11 to the three valuation methodologies reviewed by the Comptroller and Auditor General. In regard to the first valuation in respect of which a carrying value of €1.4 billion was used, there was a downward adjustment of €85 million in that regard. The Comptroller and Auditor General has stated that on examination of this valuation, there was no clear back-up to support this downward valuation and that an €8 million adjustment was more in line. Again, there is a lack of back-up information in regard to decisions taken at that time such that we are again trying retrospectively to get answers to these questions and obtain evidence which may indicate the reason behind decisions. Perhaps one of the witnesses would comment on that point.