Results 721-740 of 1,776 for speaker:Derek Nolan

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: That is good. I refer to the 2012 FÁS accounts. The Comptroller and Auditor General mentioned a number of issues relating to fixed assets in his opening statement. The note referred to intangible assets, the first of which was in respect of the Cabra training centre, for which there was an impairment charge of €4 million in 2012. According to the notes, €7.4 million...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: So it reflects an incorrect or inaccurate accounting policy over the years.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: The Comptroller and Auditor General also draws attention to an issue with the two offices in Birr and Athlone. There was an asset write-off of €1.8 million on one of the leasehold properties. Can Mr. O'Toole explain that?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: The charge reflects the fact it was anticipated the investment would be written off over ten years but FÁS had to take a hit because the clause was broken.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: In 2007 actions were taken to implement the decision in 2004 with regard to Birr-----

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: -----and the ten year lease was signed and equipped. How many people worked in the office in Birr?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: Was is intended this figure would grow if it were to be a head office?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: What work was undertaken in the provision of a new head office in Birr? Was a site allocated?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: For how much was the site purchased?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: Is the site still an asset of FÁS?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: What is the asking price?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: Where are the 17 people now who were working in the temporary office?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: What was the rent on the office?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: This is not directed at Mr. O'Toole or FÁS because I know they were following a policy and were instructed by a Minister of the day to do so. To implement the decentralisation policy, 17 people were put in an office in Birr at a rent of €100,000 a year and a site for €1.5 million was bought which is now worth €150,000. Five years into the lease it was broken,...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: In this case, this was not an accurate accounting policy, because it was a temporary office and FÁS never intended to be there for more than ten years but it was being depreciated over a 50 year period.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: Another issue arises under note 7 with regard to the Baggot Street office and an accelerated depreciation charge in 2012 of €860,000. Will Mr. O'Toole update us on the Baggot Street premises. What is the current lease and when does FÁS intend to be out? I know the plan is to leave the premises.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: It is to compensate for the fact FÁS is leaving.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: There are times I wish I were an accountant. We always examine the big changes from one year to the next and I did a little financial analysis. The noticeable change in 2012 is that the cash in the bank went from €8 million at the end of 2011 to €13 million at the end of 2012. This seems to be a large increase in cash on hand. Will Mr. Dunne explain this?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: It is not in the report.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 17 - European Globalisation Adjustment Fund
FÁS Financial Statements 2012
National Training Fund (4 Jul 2013)

Derek Nolan: What is the average cash balance?