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Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: I am somewhat confused. In the notes to the accounts, mention is made of the authority's capacity to deal with the liabilities based on disposable assets. How is that going to work out then? How can those two sets of figures be squared?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Okay.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Thank you, that is clear. In regard to the remaining €9 million assets, what are they?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: When was a valuation last carried out for them?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Is that being done because of the move to sell them or because of the process of revaluation done every three years?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Mr. Crawley said earlier that the authority had achieved €5 million more than it expected from the disposal of the assets it has disposed of since 2012. Is there an argument for transferring assets to some other State entity rather than disposing of them in the market if the prices are rising?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: I would now like to look at some of the notes on the accounts. Note 1b on page 34 of the 2012 accounts mentions an impairment in 2012 of €2.08 million.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: What was that?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Was that the final impairment figure on the CHQ building?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Which is what it was finally sold for.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: The impairment in 2012 was for the CHQ building before it was sold. There is a valuation surplus of €651,000.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: A separate impairment in 2012 of €230,000 is detailed in note No. 13 on a site transfer to the Department of Education and Skills at nil consideration.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Why was it transferred for free? Was there a commitment to put the site into the Department's ownership?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: It was never on the books as something that would make money for the authority.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: In this document it is counted as a cost to the authority.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Have there been discussions with other State agencies about taking properties off the authority's books at nil consideration?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: I understand that the authority might not have intended to make a profit from it, but the authority has submitted a loss from it for transferring it for free to the Department. Was there ever a request to the Department to pay?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: It would have been a decision of the board ultimately to-----

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Could we have the minutes of that meeting, if Mr. Crawley would not mind? They would be interesting.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: We briefly mentioned the properties not recognised on the balance sheet. They are included in the breakdown that Mr. Crawley supplied to me of the €9 million in assets.

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