Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

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

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

I do not want to lose people but I would like to explain the chart on page 143. It starts simply with the par debt that NAMA had, which was €4.6 billion. It paid €1.98 billion for it. In the preceding years, 2011-12, NAMA had impairments of €315 million, giving a value coming into 2013 of €1.665 billion. It then decided that €190 million would form part of the 2013 impairment, giving a figure of €1.475 billion. That is the figure in its financial statements.