Oireachtas Joint and Select Committees

Thursday, 25 May 2017

Public Accounts Committee

Business of Committee

9:00 am

Mr. Seamus McCarthy:

As I stated, the extension of one year went from approximately the middle of 2016 to May 2017. As I understand it, it paid €53,000 in 2016. We have not done the audit of 2016 yet. It paid €53,000, which is half the rent, and it had a commitment to pay the other €53,0000. The whole €106,000 should be recognised in 2016. It is a 2016 audit issue.