Oireachtas Joint and Select Committees

Thursday, 27 June 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts

1:00 pm

Mr. Seamus McCarthy:

As standard good practice, the optimum situation would be full consolidation of the subsidiaries with the local authority.

However, at a minimum one would expect to see is the principal results such as turnover, expenditure, surplus for the year and particularly the balance sheet position being outlined in the financial statements for each subsidiary. I am sure that would probably be the line-----