Oireachtas Joint and Select Committees

Thursday, 18 May 2017

Public Accounts Committee

Bord na gCon: Financial Statements 2015 (Resumed)

9:00 am

Mr. Phil Meaney:

The industry has been plagued with problems that have needed to be addressed. They were difficult times. I accept that, given the decisions that were made, some people have become disenfranchised. When you decide, you divide, but we had to get the industry back on a good, solid footing. I echo Dr. Brady's remarks. We are effectively court case free and have sorted most of our problems. Our debt at the end of 2015 and start of 2016 was €20.3 million. We are now debt free. Those decisions had to be made.