Ms Rosemary Fogarty:

The president's house is owned by the university. In general, all of the academic buildings and the buildings in the university are owned by the university. Plassey Campus Centre and its subsidiaries own the accommodation or residences. A number of years back, the Plassey Campus Centre, PCC, bought a unit near the university called Park Point as an investment property. The university has a building which is leased to Munster Rugby. That is in our accounts as an investment asset. Obviously, there is the Dunnes Stores transaction, which is owned by the university. In broad terms, the subsidiaries have the residences and Park Point and the rest of stock of buildings is in the accounts of the university.

The Comptroller and Auditor General and the commercial auditors, PwC, look at all our transactions and fixed asset additions each year, which include land and buildings in all entities, whether it is subsidiaries or the university. We have a breakdown of it and they have a breakdown built up from the audits over a number of years.