Oireachtas Joint and Select Committees

Thursday, 18 April 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 30 - Communications, Energy and Natural Resources
Chapter 20: Broadcasting Fund
Broadcasting Fund Financial Statements 2011
Broadcasting Authority of Ireland Financial Statements 2011

12:10 pm

Ms Celene Craig:

It is not that we felt it was better. We are actually prevented under statute from using the broadcasting fund for cashflow purposes. That is why we have been obliged to draw down the money in question for our own needs. The cash we had on hand and at bank in terms of our current account would have been €621,000 at the end of 2012. That would be a little more than one month's cashflow. It is quite tight at that point in time.