Results 27,141-27,160 of 33,115 for speaker:Catherine Connolly
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: It was to do with the pension liability.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: No, the IMI did a deal with the trustees back in 2012 and as a result of doing that deal, there was a charge on the property. That charge arose directly from the pension liability.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Therefore, UCC took on a company that it says had no pension liability when it actually did have a pension liability. Mr. Collins just used different language for this. It was a charge in relation to having no future liability on it. There is no problem if Mr. Collins disagrees with me. That is that issue. A separate loan was also discharged.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Both were discharged from the €20 million. Is that right?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Yes, I have read all that.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: I have read it all.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: That is on the basis of a charge on the property.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: What was the charge for?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: A sum of €13 million was paid over for that charge.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: We will come back to the witness. He might note the imbalance of power so that when he goes away and says he is under pressure for time, he certainly is not. Members are happy to stay here all day to allow the witnesses to give proper answers. It is we who are restricted.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: No, I will comply with the rules in order that we all know where we stand.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: God help them.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: I am joking.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Will Mr. Collins talk us through the purchase of the company for nothing and the timespan? The company was acquired for nothing. UCC acquired the company with all its liabilities.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Is it correct that UCC acquired the company with all its liabilities? I will intervene again later but perhaps, Chairman, you could talk Mr. Collins through it so we can get a time line.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: It was stated earlier that the Department was misled on the severance packages.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: I will change that. It appears the Department was misled. Officials were told the packages were extremely beneficial because of potential legal and employment issues and because there were performance issues. They were told they were good deals on legal advice.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Who told the Department that?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Is that what the officials were told?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: I refer to the television programme in which Mr. Field said it was good practice. Is it correct that he is on the board of governors?