Seán Fleming (Laois, Fianna Fail) | Oireachtas source

The documents we received include a list of directors and their responsibilities, the independent auditor's report and an abridged balance sheet. There is also a reference to abridged notes to the statement. We do not see anything here that refers to income or expenditure, to what came in and went out during the year. We have just been give a year-end balance sheet. Substantial information is missing. There are no cashflow statements or statements showing incomings and outgoings. While this documentation might meet the requirements of the CRO, it does not meet our requirements. We want to see further information so we will write back to UCC to request a copy of the unabridged financial statements. I am not sure if that is the right technical term but I am sure UCC will understand the request. What we have received so far is an improvement but we want to go further.

Next is No. 1236B, correspondence from Mr. Robert Watt, Secretary General, Department of Public Expenditure and Reform, dated 18 April 2018 providing follow-up information requested at our meeting on 22 March 2018. Included are: a note on the indirect costs accrued from PPP projects; a note on the legal challenges associated with PPPs and the legal costs incurred to date on any legal cases; and information regarding the impact of liquidations during procurements and legal challenges to procurement. There is a lot in this, even though it is a short letter.