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:

It was very difficult to get a valuation on the CHQ. We had valuations that ranged from much lower numbers, potentially half what we anticipated it to be. We anticipated that we would achieve approximately €9 million net for it. We recorded it as a €10 million asset on the balance sheet and then we had made a provision against the loan for the €800,000.