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Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: Roughly and taking in all those figures, what is it?

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: Is that to do this?

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: Is that to be there and then it is €350,000 a year thereafter?

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: I move on to costs. Again, this is the 2014 accounts. How was the figure for goodwill arrived at?

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: The figure is €17,200.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: Is it an income? Is it a real figure?

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: Okay.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: I move to the tangible assets. Has the board had them valued recently? How was the figure arrived at? It is €62,890.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: As such, it is tested year on year.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: The bank advances are €620,000 for 2014 and €577,000 for 2015. What is that?

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: Is that two overdraft facilities?

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: What are those two figures on page 35? It refers to bank advances of €620,475.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: I am coming to that, yes.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: The board has a loan of €22 million and an overdraft facility that sometimes runs at €577,000 and in 2014 was €620,000.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: This is back to back with the overdrafts.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: There was €1 million of a deficit in 2015. How is the board dealing with that? Is there a €1 million deficit?

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: Yes.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: How is the board going to deal with it? What is its plan?

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: It is still a deficit of €1 million.

Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)

John McGuinness: What will be done to correct it?

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