Mr. Seamus McCarthy:

The first set of financial statements relate to Trinity College Dublin for the year 2020 to 2021. It received a clear audit opinion but I am drawing attention to three matters, the first of which is the recognition of a deferred pension funding asset. That is a standard issue for universities. I also draw attention to a disclosure in the statement on internal control relating to an investigation of alleged inappropriate payments that is under way in Trinity College. I also draw attention to non-compliance with the procurement rules.

The second set of financial statements relate to the Charities Regulatory Authority for the year 2021. It received a clear audit opinion. Published with it is an account of charity funds that are managed by the Charities Regulatory Authority. It is a relatively small amount of money, approximately €1.6 million. There is a clear audit option in respect of that account.

No. 4 relates to the accounts of Home Building Finance Ireland for 2021. It received a clear audit opinion. Related to that are the accounts of a subsidiary company of Home Building Finance Ireland, named Home Building Finance Ireland Lending DAC. There is a clear audit opinion for the 2021 accounts of that organisation.

No. 6 relates to the Cork Institute of Technology which, as the committee is probably aware, is a dissolved body. These are the final accounts of the Cork Institute of Technology. They cover the period 1 September 2019 to 31 December 2020 and received a clear audit opinion. I do, however, draw attention to non-compliance with procurement rules.

No. 7 relates to the Dún Laoghaire Institute of Art, Design and Technology for the year 2020 to 2021. It received a clear audit opinion.

The National Asset Management Agency 2021 financial statements received a clear audit opinion. I do, however, draw attention to a settlement with the Revenue Commissioners in respect of underpayment of professional services withholding tax in the period 2013 to 2016. The settlement included an interest payment of €1 million and penalties of €100,000.

The accounts for the Strategic Banking Corporation of Ireland, SBCI, for 2021 received a clear audit opinion. I do, however, draw attention to a disclosure in note 7.3 to the financial statements in respect of a suspected fraud by a borrower from a participating on-lender of SBCI-backed loans. The implication for SBCI in that regard is not determined yet. There is a question of guarantees and who is carrying the risk with regard to any loss that might arise.