Results 11,841-11,860 of 34,729 for speaker:Seán Fleming
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: The figure up to the fourth period of 2017 - April or whenever that was - was €257,887. That sounds reasonable.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Okay. I have one more global question. I am not getting into the specifics. I want to get a pen picture. This question can be answered from one page. We have seen the accounts for 2016 and 2017. I am looking for a one-page summary of the picture from inception to the end of June of this year or the end of December of last year. According to the figures we have been given in NAMA's...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: That is good. It must be acknowledged that NAMA expects to pay approximately €400 million in corporation tax on its surplus of approximately €3.5 billion.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: That is the guts of another €500 million to the Exchequer.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Yes, it is coming in. I am looking for the operating expenses. I do not see that figure readily. I would like a brief summary, like that in the financial statements. There is a year-by-year analysis. I would like a summary. Perhaps Mr. McCarthy can tell us what NAMA's operating expenses were globally from its inception to the end of 2017.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Okay. Where is that?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: What page?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I thank Mr. McCarthy. It is three quarters and I think I have used that figure before-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: That is fine. That is €740 million up to the end of 2016 is over 18-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I thank Mr. McDonagh.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It is €839 million.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: No, I might ask somebody to update the chart or an equivalent chart. Just send that.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It is very easy. I might have said when that report came out that the operating expenses of NAMA at the end of the day will have been approximately €1 billion. It is at €839 million.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It will be in that region. None of us can predict it but it will be in that region.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: That was the cost NAMA recouped through its sales and it still arrived----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: To be generous to NAMA, it has realised income of well over €40 billion already - it is well over that - and there are a couple of billion to go. Rounding up, it will be near €50 billion and operating expenses will be 2%.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It is not all bad news. NAMA should be-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It looks as if NAMA is doing it at about 2%.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I know all the audience is gone but we are into the good news bit now, from NAMA's perspective.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I want to look at NAMA's financial statements. I refer to page 108. Interest is an issue. I ask the witnesses to explain that. I would like to get the total figure regarding note 5 on page 108. We know what I am talking about there - negative interest expense on cash or cash equivalents. It seems to me that NAMA lost more than €3 million in 2017 in negative interest. In other...