Oireachtas Joint and Select Committees

Thursday, 6 February 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012

11:00 am

Mr. John Crawley:

I will try to reconcile the figures for the Deputy. We currently have approximately €8.5 million of assets. We had approximately €23 million at the end of 2012. We have had sale proceeds of assets of approximately €18 million. This included approximately €5 million in value higher than we originally anticipated in 2012. In other words, we recorded an accounting profit. Therefore, we now have approximately €9 million worth of assets on our balance sheet today which we can sell. We have approximately €4 million in cash on our balance and approximately €3 million of debt receivables on the balance sheet, all in all amounting to €17 million. Then, we have €12 million of liabilities. When we balance one figure against the other, we are left with €5 million.