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Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: After this we will move on.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: We have got those questions. After that, we will move on to Deputy Connolly. Deputy Cullinane will be able to come back in.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: I ask Professor Donnelly to answer and then we will move on to Deputy Connolly.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: Who is the chairman?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: Fourteen months.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: What was the timescale between the meeting of the Committee of Public Accounts and the chairman asking?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: When was that?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: Subsequent to that, Professor Donnelly wrote to the committee to clarify matters.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: Could Professor Donnelly give us the sequence?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: When did Professor Donnelly write to this committee to correct the record? Was it before, after or during-----

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: I am just trying to get the sequence. I want to move on to-----

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: The appearance here today has achieved that much already. It sounds like that to me. Well done, Deputy Cullinane.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: Out of approximately 300.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: We have that point. I want to come back to Deputy Connolly.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: That is not in dispute; it is the other issue. It is not the merits of commercialisation.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: Will the witnesses explain what is meant by an associated company? Is it a percentage shareholding?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: I was looking for clarification.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: When did the committee get that document?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: Some of the Deputies were not members of the committee then.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

Seán Fleming: On that point, as Professor Donnelly has mentioned the return on investment, can he send us a report on the actual investment from which, he is saying, we got this return? That would include costs incurred by Waterford IT, such as staffing and facilities, which are borne by the taxpayer. Professor Donnelly mentioned earlier that there was investment from Enterprise Ireland and probably from...

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