Phil Hogan (Carlow-Kilkenny, Fine Gael)

The Minister should be aware that the decision to use a new valuation model for the 2008 accounts of the Dublin Docklands Development Authority, based on NAMA valuations and methodologies, is a departure. The Minister is wrong when he says it is consistent with good accounting standards. Accounting standards state that valuation methodologies must be fair, true and consistent from one year to the next. Is the Minister concerned about this departure on the basis that all the agencies with land under his remit could be treated in a different way for valuation purposes than heretofore?

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