Gerry Horkan (Fianna Fail) | Oireachtas source

I accept that loan valuations and debtor write-offs in any company where there is a list of debtors are subjective. There is a level of subjectivity regarding whether a particular party is able to pay. It is the same with inventory. One puts a value on an asset, and somebody else disagrees. Until it is sold, one does not realise the loss or gain or whatever it happens to be. In the case of inventory, it is cost versus net realisable value. I would have thought it was the same for loans, in that one cannot have loans maintained on one's books-----