Oireachtas Joint and Select Committees

Thursday, 4 October 2018

Public Accounts Committee

Teagasc Financial Statements 2017

9:00 am

Ms Susan Kearney:

I will answer that question. In our consolidated statement of income and expenditure on page 80, those are the combined results for Teagasc and Moorepark Technology Limited. At the bottom of that statement it states that the surplus attributable to Teagasc is €2.28 million and that is attributable to non-controlling interest is €118,000. Note 25, to which the Chairman referred, on page 110 explains that the non-controlling interest is Moorepark Technology Limited. What this is explaining is that the amount of the surplus there that is not attributable Teagasc is attributable to Moorepark Technology Limited.

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