Oireachtas Joint and Select Committees
Thursday, 17 November 2022
Public Accounts Committee
2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
9:30 am
Mr. John Hogan:
The financial statements for 2021 were published in July. They set out the net assets of the fund at the end of December 2021, when they totalled €13.6 billion. There was a €351 million decline for the year of 2021, primarily due to a third-country adjustment, for which an amount of €246 million was transferred from the fund. The remaining €105 million or so relates to the negative interest rate environment we have experienced during that period. That should change now and that is one of the consequences-----
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