Oireachtas Joint and Select Committees
Thursday, 4 July 2024
Public Accounts Committee
Financial Statements 2022: Waterways Ireland
9:30 am
James O'Connor (Cork East, Fianna Fail)
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Note No. 13, which we received, indicates that Waterways Ireland total revisions at the end of 2022, around contingent liability and provisions, were at about €11 million. That was an increase then again of €3.45 million on the provision of €7.56 million at the end of 2021. The increase equates to an additional provision of about €3.9 million. What was the reason for the substantial increase in provisions or settlements in 2023?