Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Public Accounts Committee

National Transport Authority - Financial Statement 2011

12:00 pm

Mr. Gerry Murphy:

Yes, it got more. The Government made the money available to us and then we had to look at whether we were over-compensating the company for the services it provided. The net effect at the end of 2012 was that Irish Rail’s operational deficit for 2012 was still €22 million. The deficit of Dublin Bus was approximately €7 million for 2012. We made a payment of €31 million to Irish Rail from the additional subsidy that was provided. We made a payment of approximately €5 million to Dublin Bus but the net effect is that the companies were still in deficit. Bus Éireann had a projected deficit of €500,000 for the end of 2012 and there was a good period in December so we did not make any payment to it.