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

11:20 am

Mr. John Crawley:

The majority of the administrative expenses - over 50% of it - relates to bank fees, which is a negotiation fee that we have to pay to the banks. I refer to the draft numbers for 2013 in terms of operating expenses. I wish to make sure I am comparing like with like. Bank fees are expected to be little or nothing and general administrative expenses are about €122,000, which is significantly lower. It is about a third of the cost in 2012.