Oireachtas Joint and Select Committees
Wednesday, 9 June 2021
Joint Oireachtas Committee on Transport, Tourism and Sport
The Viability of and Opportunities for the Post Office Network: An Post
Mr. David McRedmond:
I thank the Cathaoirleach. As regards our balance sheet, our net assets at the end of 2020 were €278 million. Within that is the €80 million we referred to which is cash that is available to us. That is about the level we have set for ourselves as being the threshold we need to be at. That is obviously after we had that €50 million impact from the pandemic. That was not all cash; some was cash and some was not.
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