Results 9,641-9,660 of 34,832 for speaker:Seán Fleming

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: Thanks.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: Let me read a reply from the Minister for Finance to a parliamentary question this week on 7 July. I am sure Mr. Daly will be aware of it as my colleague Deputy Brendan Smith put a few of these questions specifically on the memorandum. The Minister said in the Dáil:I understand that the purpose of establishing such letters of intent by the Northern Ireland Executive was to help protect...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: The Government was the shareholder.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: It was a third party in the transaction. The Government was not a third party in Aer Lingus. I get Mr. Daly's point, but his comparison is not valid. The Northern Ireland Assembly was a third party.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: A lot of what has been said in the statements here has been to the effect that it was a messy bit of a portfolio, including lots of little properties around the place in Northern Ireland. It was suggested, "It will be a lot of trouble to manage them; let us get rid of them, even if we have to take a loss," to allow NAMA to concentrate on its core activity in dealing with the rest of its...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: I know that it had a carrying value of €2.2 billion. What was the value of the previous largest job lot sale prior to this?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: Was that book value or carrying value?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: What was the book value? This is €5.7 billion, nearly three times bigger than any portfolio NAMA sold before.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: Does Mr. McDonagh understand the problem we have? NAMA was selling groups of assets, or groups of loans, at a particular value, and all of a sudden the Northern Ireland portfolio, a sale that is three times bigger in terms of book value, is put all in one. It is an enormous jump. People have difficulty - I have difficulty with how NAMA put the whole thing in one. It had not done anything...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: I want Mr. McDonagh and Mr. McCarthy to tell me which of them is right.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: No difference between €280 million and----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: No. Chairman, I have to stop here. We are not going to have an accountancy trick. The witnesses are talking to an accountant.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: Yes, and Mr. McDonagh is not going to tell the people of Ireland there is no difference between a loss of €280 million and a loss of €783 million. There is a mass of difference. I know he is going to explain it based on previous provision. It is still a loss in NAMA's time which he did not put in his submission.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: Can the Comptroller and Auditor General comment on his chart, which says the actual loss was €783 million?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: The same problem is happening at the banking inquiry in terms of how the value of loans is estimated and all that. In simple English - layman's English - Mr. McCarthy is saying the carrying value when NAMA got this portfolio was €2.169 billion-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: And that they were sold at €1.385 billion, and that is a difference of-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Seán Fleming: The difference is €0.783 billion.

Draft Ombudsman Act 1980 (Section 1A) (No. 2) Order 2015: Motion (14 Jul 2015)

Seán Fleming: I welcome the opportunity to discuss the motion which I support. I wish to examine, in particular, the sad reason for our being here today. We all recall the tragic television programme on Áras Attracta towards the end of last year. Immediately afterwards, the Ombudsman, Mr. Peter Tyndall, was on "Morning Ireland" and radio reminding the public that he could examine complaints about...

Written Answers — Department of An Taoiseach: Departmental Staff Data (14 Jul 2015)

Seán Fleming: 144. To ask the Taoiseach the current average age of permanent staff employed in his Department and in the agencies under his Department's remit; the way this varied between the end of 2008 and 2011; and if he will make a statement on the matter. [29204/15]

Written Answers — Department of Social Protection: Departmental Staff Data (14 Jul 2015)

Seán Fleming: 250. To ask the Minister for Social Protection the current average age of permanent staff employed within her Department; and the agencies under her Department's remit; the way this varies from the end of 2008 and the end of 2011; and if she will make a statement on the matter. [29203/15]