Results 8,061-8,080 of 28,162 for speaker:Catherine Murphy
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: Going back to the issue of Limerick, specifically page 45 that was referred to earlier, looking at the 2015 accounts, the loss for the Limerick site was not just a capital loss. There was also a very sizeable operational loss. It was the biggest loss of all the facilities. What would it take to make that stadium run at a profit and is it possible?
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: I want to go back to the €12 million in Limerick. Does this figure include the €1.6 million on the accounts as a loss for the site that is now worth €100,000?
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: Yes.
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: So the stadium is one part and the overdraft is another.
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: One could add €1.6 million to the-----
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: So it is actually more than that. What would the timeline be for an operational break-even point for the Limerick stadium?
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: It looks like a very big ask when we consider that the Harold's Cross stadium is already making profit. It looks like a very big ask to turn that around in Limerick.
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: I do not need the history of it. I just want to deal with the accounts. I have very little time. With regard to the board, many people who appear in front of the committee, which is certainly a challenging environment, will see year zero as the previous board. We have been told that this is a new board. How many people on the new board served on previous boards?
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: Yes.
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: Had those three people served on just one previous board or on others also?
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: Is the term for three years?
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: Am I right in saying that one person has been appointed for the third time?
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: That goes against the recommendation.
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: But Bord na gCon is not taking it on good faith.
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: Mr. Creed made the point that if Bord na gCon did not sell the Harold's Cross stadium, which was not making a loss, then the bank was going to sell it. Did the bank pick this asset out and tell the board that it was to be sold? What are the circumstances of that decision?
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: I want to go into a few other aspects of the ongoing operation. In the witnesses' opening statements we were told that, "The IGB’s difficulties are not unique. The industry globally is facing many challenges, notably as a result of the migration of wagering from track to technology platforms which has impacted on live attendances at race meetings." This movement would have been known...
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: Mr. Meaney is saying that they are all sustainable. Can I ask-----
- Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)
Catherine Murphy: Operating costs in 2014 show that winnings paid from the tote were around €15 million and a similar amount in 2015. The operating costs, however, went from €8.9 million to €12.3 million. How did that happen? It is a very big jump, about one third of an increase in one year.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 20 - Garda Síochána - Internal Audit Report on Garda College, Templemore (4 May 2017) Catherine Murphy: Page 7 of the report describes Templemore as a modern university campus. It goes on to say the Garda Síochána College provides education and training programmes and interventions, ranging from MA, BA, BSc, police leadership, higher diploma, certificates in firearms, driver training, and public order courses. Therefore, this is an educational establishment. The Garda is acutely...
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 20 - Garda Síochána - Internal Audit Report on Garda College, Templemore (4 May 2017) Catherine Murphy: Are there consequences for anyone?