Oireachtas Joint and Select Committees

Thursday, 20 September 2018

Public Accounts Committee

National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report

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9:00 am

Mr. Brendan McDonagh:

NAMA's accounts have become very transparent now because there was a change in accounting to IFRS 9 from 1 January 2018 because we have the fair value assets now so it is no longer IAS 39 and the value of the loan portfolio has to reflect the value of the-----

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