Oireachtas Joint and Select Committees
Thursday, 27 June 2019
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
On the National University of Ireland, Maynooth situation, the financial statements recognise that effectively a loan will not be paid back by their subsidiary. The business has not turned out as they anticipated it would and they are prudently recognising and charging a provision in 2017-2018 in the amount of €750,000 for that.
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