Results 29,481-29,500 of 34,956 for speaker:Seán Fleming

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Seán Fleming: The Revenue Commissioners are putting a big emphasis on encouraging people to sign up to a phased payment, by way of deduction from wages or by direct debit. In the booklet issued to every house last year, it was stated the Revenue will advise the pension provider or relevant Department of the amount to be collected. Revenue wants to get a lot of people onto the phased payment method,...

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: What stadium would have received grants?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: What was the local investment by the owners?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: What grant commitments does the board have for private stadia this year?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: That was the question I was trying to ask. There seemed to be a big increase in those two years. That is fine.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: That figure of around €1 million is not in the cash flow.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: That is a help.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: None of the background was in the-----

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: I am just trying to understand the figure. That is fine. The last issue I wish to raise is about the board's net pension liability. According to the board's accounts, the pension fund is based on a number of assumptions, of which I will list three. There is a defined benefit scheme and a defined contribution scheme, but the accounts assume on page 30 that the rate of increase in salary...

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: Was there an assumption of growth of 5%?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: What was it?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: The Comptroller and Auditor General should not have been comfortable with those figures at that stage. I presume he will have said something about it in the 2012 accounts.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: I will address my final question to the Comptroller and Auditor General. Somebody made the comment that when he went to prepare the audit, some adjustments had to be made to the draft accounts as presented. Perhaps I did not pick that comment up correctly. The report provided here states that the unaudited accounts for 2011 were presented to the Department in February 2012, and the audit...

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: That is the remark the Comptroller and Auditor General made earlier on. When I heard a later remark that there were no changes, I just needed a clarification.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: When will we see the audited accounts for 2012?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: We will discuss them on other day.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: If Bord na gCon had done that test on the Markets Field, what would it have shown?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: Therefore, what Mr. Murnane is really saying is that while the freehold value is in there at cost, it is being based on future income potential. That is what the accounts are showing.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: I have no issue with that, so we will move on.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Seán Fleming: What other assets are not generating income? Are the rest of the sites in the €40 million worth of freehold land in the income earning area?