Oireachtas Joint and Select Committees
Thursday, 4 October 2018
Public Accounts Committee
Teagasc Financial Statements 2017
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
Just in order that we can get a feel for it. We have mentioned that the profit figure was down significantly. I recall that the operating surplus was down from approximately €8 million to €5 million. I am trying to figure out where in the divisions - operations, knowledge transfer and research - the reduction in profit occurred, as in the case of income, salaries and expenses. The figure for Teagasc is down by €3 million. Can Professor Boyle give me a headline on the divisions in which the loss occurred? The profit figure decreased from €8 million in 2016 to €5 million. Does he want to send us a schedule? He can see my obvious question. I am looking at the breakdown under these headings and know that the financial statements are right, but they do not show that information.
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