Oireachtas Joint and Select Committees
Thursday, 23 November 2023
Public Accounts Committee
Appropriation Accounts 2022
Vote 45 - Department of Further and Higher Education, Research, Innovation and Science
Financial Statements 2022: National Training Fund
Report on the Accounts of the Public Services 2022
Chapter 19: National Training Fund
9:30 am
Mr. Seamus McCarthy:
To anticipate this afternoon, let me state that UCD's financial statements for the period 2021 to 2022 are being presented. One of the things I am drawing attention to is a write-off in impairment costs in respect of two projects that were cancelled. The total is €29.5 million. It relates to a phase 2 residence project and a centre for creativity. In those cases, the authorities wrote off €11.5 million because they had to halt the residences project. That is an example of a situation.