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Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: Talk me through what that means.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: I want to be fair to the witness, but I also want to be sure that the responses I received were not disingenuous. Was the €20 million paid to the IMI used to pay off liabilities?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: When I asked whether there were liabilities paid for by UCC, for example, pensions and loans, Mr. Collins said, "No".

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: What is the exact figure?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: An even €20 million.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: That was paid to the IMI, which used it to discharge liabilities. Did the institute have a full breakdown of what those liabilities were?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: Will Mr. Collins explain to us what those were? Does he have that information to hand?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: Could Mr. Collins furnish the committee with the full breakdown?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: If necessary, we can invite the witnesses to return.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014
(30 Mar 2017)

David Cullinane: We will be getting a paper from the IMI, but if we have specific questions on the institute, can we forward them to the Chairman? We do not want to get into a second round, although there are some unanswered questions. Will I put them in writing to the Chairman? Would that be appropriate?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: If I appear a little distracted it is because something is caught in my eye. My first question is for Ms Campbell. Is DkIT part of a consortium in respect of a technological university application?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Does DkIT intend to be or is it happy enough with where it is located at the moment?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Is that because of concerns about the process or geography? Is that the reason?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Is the institute one of those that is in deficit?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Does Ms Campbell have the figures with her for core funding the institute would have received from the Department and also for student contributions or fees, the two main sources of income, over a reasonable time period, perhaps from 2008 up to now? I am not seeking data for each year. Has the institute suffered in the past six or seven years?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: A 34% cut in income.

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Is that the primary reason the institute is in deficit?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: The institute has got that figure down to 70%.

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: In terms of income streams, some research conducted on the institute shows that it seems to be one of the top performing institutes in respect of research and income from it. How does that work in the first instance? May I have examples of income streams into the institute from research?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Would a profit be made if intellectual property was commercialised?

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