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Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: I have no problem with Mr. Nugent coming back. It is a very simple question. He is chairman of the board. The company is being sold to Munster Medical Supplies which I assume Mr. Nugent had to approve. He must know how much the sale of CRC Medical Devices will raise. How much of a black hole will emerge for Friends and Supporters of the CRC Limited? How much is the CRC getting for its...

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Give me a bottom-line figure.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Mr. Nugent must have it.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: With due respect, I am pursuing a line of questioning. The figure for how much CRC Medical Devices was to be sold would have to have been decided. What is the total?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Over how long a period of time.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Does Mr. Nugent anticipate the loss on the loan to be in the order of €50,000. Is that what he is stating?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Has the actual company been sold? What is the structure of the CRC medical services company? Who are its directors?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Yes.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: What is the legal structure of the company?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Are salaries paid? Are there employees?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Did the directors receive fees?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: There were no fees.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: I want to go back to Friends and Supporters of the CRC Limited. Between 1998 and 2011 it raised approximately €27.856 million, of which almost €8 million went to the CRC and approximately €15 million was set aside for the provision of loans for associates. There was a balance of approximately €5 million. Of what do the provisions of loans for associates consist of?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Of the €28 million, €8 million went to the CRC and somewhere between €12 million and €14 million is set aside at any one time for various projects. That is generally-----

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Mr. O'Brien made reference to consolidated pensions. I presume the HSE is funding the portion of Mr. Kiely's pension to the approved limit. Is that correct?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Are there circumstances where the pensions of employees of agencies covered by section 38 are funded by the HSE?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: I refer to the CRC medical devices company. What year was that established?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: I want more clarity.

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Was it formed as a direct subsidiary of the CRC?

Public Accounts Committee: Section 38 - Agencies Remuneration (11 Dec 2013)

Kieran O'Donnell: Is it correct that at the time a loan of €460,000 was given by the CRC to the medical devices company?

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