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:
As I mentioned, we acquired the IMI company at no cost. UCC became the sole member, the other members having discharged themselves. As a subsidiary of UCC, the IMI sold its campus to UCC and then UCC as the parent company leased the campus back to the IMI. There was an inter-company transaction post the acquisition of IMI.
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