Oireachtas Joint and Select Committees
Thursday, 25 May 2017
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
As I stated, the extension of one year went from approximately the middle of 2016 to May 2017. As I understand it, it paid €53,000 in 2016. We have not done the audit of 2016 yet. It paid €53,000, which is half the rent, and it had a commitment to pay the other €53,0000. The whole €106,000 should be recognised in 2016. It is a 2016 audit issue.
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