Oireachtas Joint and Select Committees
Tuesday, 25 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
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
Yes. The witness keeps referring back to 2012 and 2013 accounts to justify the 10% discount rate. However, in the 2013 accounts, it says that the fair value methodology was a 5.5% discount rate for cashflows arising from the period 2014 to 2016.
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