Oireachtas Joint and Select Committees
Thursday, 6 October 2022
Public Accounts Committee
2021 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Health Service Executive - Financial Statements 2021 (Resumed)
9:30 am
Mr. Stephen Mulvany:
The technical piece is important. This was a price impairment. We did not buy it to resell it. We bought it to use it. This is simply a technical piece: if it is worth less at the end of the year before one gets to use it, one charges it to the year. It is not an impairment of something that is going to be resold. It is not because it was the wrong size or that it was not fit for purpose. It is none of that. That is now on the record of the House and I just need to correct that. It was not the case. This was price impairment. We balanced the financial risk, which was substantial, against the risk that we would not have enough PPE to keep our staff coming to the service.
No comments