Oireachtas Joint and Select Committees
Thursday, 24 November 2022
Public Accounts Committee
Financial Statements 2021: National Lottery Fund
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source
It appears from the consolidated statement of accounts that a substantial loan was taken out by the operator from its parent company at an interest rate of 9% and a substantial amount each year is going to paying that back. It has been capitalised. I accept that. That is what is happening.
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