Oireachtas Joint and Select Committees

Thursday, 22 September 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020

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9:30 am

Ms Suzanne Eade:

There was not a cash loss. It was a book loss. We had to write down the value of the investment in the short term. The land we had bought, the larger acreage, had a mixture of land. We actually managed to get some of the land we did not want to run the project moved on.

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