Oireachtas Joint and Select Committees

Thursday, 23 October 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board

12:30 pm

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail)
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The board is also responsible - it is in the note on page 2 - for safeguarding the assets of the National Paediatric Hospital Development Board. How do the members of the board feel about having inherited assets of €40 million and coming back to us with €35 million worth of them gone at the end of 2013? How does that represent safeguarding assets? We all know there is a write-down.

Mr. Pollock said in his opening statement that the board had a duty to safeguard assets, but the accounts indicate that €35 million of the assets being safeguarded are no longer assets. I know that is not the witnesses' fault, but the palaver in Mr. Pollock's opening statement does not sit well with writing off €35 million in assets.