Oireachtas Joint and Select Committees

Thursday, 10 February 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters

9:30 am

Mr. Peter Hendrick:

We have to accrue for our shareholder loans on an annual basis but it only gets paid upon profitability of the business where there is cash to pay those loans, which ultimately is dependent on connecting homes and the revenue that we generate out of the business. The percentage is a target, its achievement is dependent on the success and take-up on the project.

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