Oireachtas Joint and Select Committees

Thursday, 30 March 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014

9:00 am

Mr. Diarmuid Collins:

A benchmark is set. One must remember that there are two returns. If one imagines there was one stock in which we had invested, there would be a return on the investment growth had the share price moved. That is one return. The return of €233,000 is, in effect, the dividend. It is the yield or dividend in the year, namely, the real cash the investment earned. That is what is given to the university. The investment itself would have grown by a larger amount.