Oireachtas Joint and Select Committees

Thursday, 18 May 2017

Public Accounts Committee

Bord na gCon: Financial Statements 2015 (Resumed)

9:00 am

Mr. Michael Murnane:

The figures for 2016 are broadly similar to those for 2015. As I mentioned to Deputy Kelly, there has been a reduction in the contingent liability regarding pensions, and the extra prize money has come out as an expense, but there has been an increased allocation from the Horse and Greyhound Racing Fund. In respect of the tracks, since I joined the board there has been a continuous downward decline. As the committee will be aware, revenue was a bit behind last year, which was in turn a bit behind the previous year. There has been very much a stabilisation of the trade, even at some of the more rural parks. Deputy Connolly mentioned Galway. Galway had it fairly okay this year compared to previous years, and we were seeing some significant growth in the Dublin market, duly supported by Shelbourne Park.

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