Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

10:00 am

Mr. Brian McEnery:

I am going to outline that in 2013 we impaired the Northern Ireland assets by €164 million. What is also alluded to in our minutes is that we expected a continuing deterioration in the values in 2014. That was our view as a board, that we would have a further impairment in 2014. I will draw the Deputy's attention to page 146 of the Comptroller and Auditor General's report where we again alluded to a 10% discount in-----