Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Public Accounts Committee

National Transport Authority - Financial Statement 2011

11:40 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail)
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I might help Mr. Murphy in respect of this matter by stating that the NTA's balance sheet indicates that it had €20 million cash in hand in the bank at the end of 2011. It also refers to €17 million in the authority's expenditure account and indicates that this was money from the Taxi Regulator. It appears to be an additional amount. So the NTA's balance sheet indicates it had €20 million sitting in its account in the form of cash in hand and that it also had €17 million in unspent moneys from the Taxi Regulator. Added together, this means that the NTA had €37 million sitting in its bank account.