Results 8,241-8,260 of 21,498 for speaker:Mary Lou McDonald
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: One of the areas Mr. McDonagh cited as a concern in terms of continued NAMA performance is the retention of specialist staff. He has raised this issue before and we have debated it. What are the current staffing numbers in 2014?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: 370.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: I am correct in saying that represents an increase from 224 in 2012 to 331 in 2013.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: That does not suggest any flight of staff from the organisation.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Alright. There has also been an increase in the payroll bill from 2012 to 2013 and 2014. I am correct in saying that.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: What is the quantum of that increase?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: NAMA's numbers have increased and payroll costs have also increased. What is the average salary level of staff members? How does it average out? I looked at some of the figures earlier. I reckoned payroll, including salary and pension liability, averaged out at about €93,000 or €94,000.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: About €90,0000. There has not been a dramatic shift in that from 2012.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: That does not suggest any great change in the profile of NAMA's staffing.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: The payroll costs have increased and the average has not shifted dramatically. I am not gainsaying-----
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: I thank Mr. McDonagh. He made reference in his presentation and in previous meetings to the buoyancy in the property market, both residential and commercial. He has attributed some of his successes, as he sees them, to that fact. Given that, why have the impairment costs or assessments increased?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Yes.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Does Mr. McDonagh accept that this goes against the grain of common sense?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: On the one hand, there is increased buoyancy in the market-----
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: NAMA could not have forecasted that. Is that what Mr. McDonagh is saying?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Presumably, the NAMA assessment is based on a detailed analysis of market conditions and the peculiarities of portfolios or individual properties. Is that the case?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Obviously, the ability of NAMA to accurately assess the value of any asset is relevant as well.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: It is a matter of judgment. The key responsibility of NAMA from the point of view of the taxpayer is the section 10 responsibility to ensure that the agency maximises the return on any given asset.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Will Mr. McDonagh provide some detail on a particular transaction? It involved a particular site on Sir John Rogerson's Quay. NAMA sold the site in 2013 for €7.5 million. A little over a year later the site changed hands for €17.75 million.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Will Mr. McDonagh give me the correct dates, please?