Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Frank Daly:

No, it was not a back-of-the-envelope job. It would have been an assessment of the market. These assets were not just in Northern Ireland. Many of them were in the regional UK. We do continual assessments of the prospects in those markets. We take that into account in looking at the prospects for realisation of value in those assets. We go through the same process every year at the other side of it when we are doing impairment exercises.