Results 581-600 of 5,097 for speaker:Mairéad Farrell
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: It is €409,000. What is the average cost for the houses purchased from Cairn Homes in Citywest?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: Is Mr. Coleman sure that capital expenditure is definitely not off-balance sheet?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: It is definitely my understanding that it is off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: Can any of the witnesses confirm that?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: My understanding was that the capital expenditure was off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: Okay, so capital expenditure is off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: It is off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: That changes things but we will go back to that in a moment because I am still looking at-----
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: Yes.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: Okay, we will go back to Cairn Homes and I will see what I can find out in the meantime. What was the average cost to purchase a unit from Cairn Homes?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: It is €435,000. I understand from the NewERA report that the LDA's direct delivery costs are quite similar to the costs for Project Tosaigh. Is that the case? I am just receiving information that the LDA is off-balance sheet but we will have to come back to this. This is taken aside from what I was going into. When a buyer wants to buy a house outright, what seems to be...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: I want to keep going back to the off-balance sheet issue because I only have a few minutes and it keeps coming up.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: I know that. It is my first time at this committee. It is my understanding the LDA's borrowing is potentially off-balance sheet too. Can full clarification on that be brought back to the committee? Is that easiest?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: Definitely, 100%.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: Yes, and then the €1.25 billion is from the AIB shares sale-----
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: The €5.7 billion. On the issue of the €1.25 billion, will that be off-balance sheet as well?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: Is it correct that all is considered off-balance sheet? That is €2.5 billion. Will the €1.25 billion Mr. Coleman mentioned be off-balance sheet as well?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: No. Obviously there is the amount that can be borrowed but we are not at that point at present. We are talking about the €2.5 billion and then, was it not, an extra €1.25 billion that the Department had mentioned that it could get down the line? Would that be off-balance sheet?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: Perfect. I thank Mr. O'Sullivan.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairéad Farrell: My understanding is that the borrowing is something that the Department is looking at potentially next year or maybe in the future, but we are not looking at something concrete right now. Is everything we are talking about right now off-balance sheet?