Oireachtas Joint and Select Committees
Thursday, 20 November 2025
Public Accounts Committee
Exceptional Funding of the Peter McVerry Trust: Discussion
2:00 am
Mr. Ger Mullen:
The depreciation policy is, we depreciate the assets every year, and for properties it is 2%. The policy does not state that we revalue all our properties every year to market value. We will look it if there are possible impairments but we do not revalue to market value every year. It would be a huge task and a very expensive task. The policy we have-----
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