Oireachtas Joint and Select Committees

Thursday, 30 March 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014

9:00 am

Mr. Diarmuid Collins:

I will give it to the Deputy. I have it here on the balance sheet. It is the opening position at the start of the 2013-2014 year. The fund started the year at €10.6 million and by the end it had grown to just over €12 million. As such, the overall growth was made up of growth in the value of the fund itself plus the yield that we got to pay prizes. The fund itself, in total, returned €1.5 million on €10.5 million at the start of the year.

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