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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)

Kieran O'Donnell: What losses were made on those on the transfer to NAMA by the DDDA?

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)

Kieran O'Donnell: What about the next site?

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)

Kieran O'Donnell: That is a loss of €7 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)

Kieran O'Donnell: Some €3 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)

Kieran O'Donnell: A loss of €7 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)

Kieran O'Donnell: I came up with €34 million. On the Jones Oil site-----

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)

Kieran O'Donnell: It was €59 million. They were transferred with a value of €7 million. Is that correct?

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)

Kieran O'Donnell: That is a loss of €50 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)

Kieran O'Donnell: There was a loss of €35 million on the CHQ building in North Lotts. Development sites resulted in a loss of €42 million. If one adds another €50 million, the total is €127 million, or nearly €130 million in taxpayers' money down the drain. Are there more sites on which there were losses? I will speak about the Irish Glass Bottle Company site later....

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)

Kieran O'Donnell: What is left to sell of the assets that were valued at approximately €24 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)

Kieran O'Donnell: What does Mr. Crawley expect the assets to realise?

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)

Kieran O'Donnell: Does the authority anticipate that it will break even when winding down? How will the balance sheet look?

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)

Kieran O'Donnell: Assets.

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)

Kieran O'Donnell: Some €8 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)

Kieran O'Donnell: Can I refer to the granddaddy of them all, the Irish Glass Bottle Company site? What was the total legal fee in the Donatex case?

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)

Kieran O'Donnell: Does the authority have other legal fees?

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)

Kieran O'Donnell: I ask about overall legal fees on cases.

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)

Kieran O'Donnell: What is the authority's exposure?

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)

Kieran O'Donnell: In respect of six developments, CHQ represented a loss of €35 million, the sites in the North Lotts represented €42 million and the sites in Jones Oil, Artbrook, Readymix and the southside together represented a loss of €50 million. How much of a loss does Mr. Crawley expect the DDDA and, ultimately, the Irish taxpayer to realise on the Glass Bottle site?

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)

Kieran O'Donnell: That is cash.

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