Oireachtas Joint and Select Committees

Thursday, 19 September 2019

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail)
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We will ask that. The same will apply to Teagasc's financial statement with attention drawn to €1.2 million non-compliant procurement. We will write the same letter. Moving on to Solas, it is a clear audit opinion, and to Enterprise Ireland, clear audit opinion. However, as part of the disposal of its interests in a company in 2018, Enterprise Ireland recovered an amount loaned to the company in 1986 but formally waived its entitlement to €7.7 million of accumulated interest. I want the detail noted. I looked at their accounts this morning. I think they recovered €626,000 in the original loan. We want detail. I think they have restructured the company but I still do not know if they have sold all their shares. We want to know what their investment still is in the company and how that figure of €7.7 million was calculated. I know they never included it in their accounts. It was great to get all that money interest free for approximately 30 years; we just want more information.

Next on the list is the National Transport Authority, clear audit opinion; the National Haemophilia Council, clear audit opinion; Marine Casualty Investigation Board, clear audit opinion; the Higher Education Authority, clear audit opinion; the Medical Council, clear audit opinion; the National Cancer Registry Board, clear audit opinion with the same qualification in respect of superannuation in the health sector, the Economic and Social Research Institute, clear audit opinion; and Waterford Institute of Technology, 2017 accounts, clear audit opinion. There is a reference to its accumulated deficit. The Office of the Data Protection Commissioner-----