Results 3,481-3,500 of 9,350 for speaker:Verona Murphy

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Well it does in this case. I asked whether Mr. Collins will receive moneys other than his salary. It is a "Yes" or "No" answer.

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: RTÉ is coming to the Government cap in hand, looking for interim funding. I am here as an elected representative - I have already stated this - in order to ascertain whether RTÉ is mending its hand as to what we have seen for the past four months. That is why the question is relevant. It is not personal, even to Mr. Collins. Rather, it is about how RTÉ will spend the money...

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: The public can draw their own conclusion, Chair. Mr. Bakhurst will have heard in the budget that RTÉ is getting €16 million. When he appeared before the Joint Committee on Tourism, Culture, Arts, Sport and Media last month, he said a sum of €34.5 million in interim funding would be required. How much cash does RTÉ have on reserve?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Does Mr. Bakhurst have a figure?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: A sum of €68 million at the end of August. How long does RTÉ expect that money to last?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Into when, though?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Okay. Can Mr. Fives tell the committee what capital is required monthly to run RTÉ?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: If we break that down monthly-----

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: The expenses vary over income.

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Okay. At the outset, RTÉ has done an analysis of how long that money should last if it does not get any more money.

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Are there monthly losses? Are there months where losses are recorded over-----

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Would they be more frequent than profit?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Has RTÉ recorded losses up to September?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: How much?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: That really is not a satisfactory answer. This is the Committee of Public Accounts. Does Mr. Bakhurst know the current loss figure to September 2023? It does not have to be to the euro.

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: A rough figure, within a million.

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: The €10 million to €12 million range. Is it correct to say from reports that the overdraft facility or borrowing capacity is €100 million?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: How much of that has RTÉ used?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: So €65 million. If we add the €12 million to the €65 million, it becomes €77 million. That means that if RTÉ does not make huge profits by the end of the year-----

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: RTÉ does not have that. It has €68 million, and if we add the €12 million Mr. Fives is talking about in terms of borrowing-----