Oireachtas Joint and Select Committees

Thursday, 5 December 2019

Public Accounts Committee

National Paediatric Hospital Development Board: Financial Statements 2018

This does not include an amount of €35.5 million written off by the board in 2013, following the decision to switch the location of the hospital.

The board’s financial statements are prepared in accordance with financial reporting standard, FRS, 102, but with one exception directed by the Minister for Health. In common with other public sector health bodies, the Minister requires that pension entitlements earned by employees are accounted for as they become payable. The reporting standard requires that such obligations are recognised in the period when they are incurred. I am satisfied that the financial statements give a true and fair view of the board’s affairs, except for that one departure from the standard, but I am obliged to give a qualified audit opinion in the circumstances.

The financial statements were certified by me on 24 October 2019.