Results 11,201-11,220 of 34,627 for speaker:Seán Fleming
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Expenditure also.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Just in order that we can get a feel for it. We have mentioned that the profit figure was down significantly. I recall that the operating surplus was down from approximately €8 million to €5 million. I am trying to figure out where in the divisions - operations, knowledge transfer and research - the reduction in profit occurred, as in the case of income, salaries and...
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: I am not querying the figures, but I am asking the question as someone who is not as familiar with the accounts as Professor Boyle is.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Some believe farmers are not benefiting fully from the income received if Teagasc is on a drive to increase profitability or activity when it is meant to break even.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Does Professor Boyle understand what people might think?
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: I know that. Professor Boyle can send-----
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: I will call it a breakdown that a non-Teagasc person could understand. I will put it that way. The third item on page 95 is rents, rates and insurance. Where is Teagasc renting? Are there some situations where Teagasc rents premises? Is there much paid in rent? Will Professor Boyle give us a breakdown of the rents paid and the location of premises?
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Professor Boyle can send us a schedule indicating what is paid in rent.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Why is Teagasc renting land if it has 1,800 ha available?
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: I will not go into the detail, but I have noticed an unusual situation which I have not seen too often. It involves deferred income. I will try to put it simply because I have only had a quick look at it. I get the impression that if Enterprise Ireland gives Teagasc a grant of a couple of million to do a job, if Teagasc does the job, the income is recorded in that year. If Enterprise...
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Why would anyone pay Teagasc upfront to do work, which means that it has to be held as deferred income?
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Sometimes it might not be a one-year issue.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: It is a rolling issue.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Teagasc has the cash.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Teagasc has the cash.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Will Professor Boyle talk to me about taxation? Teagasc made a profit of €5 million in the previous year. A figure of €8 million is also referred to. How much did Teagasc pay in corporation tax or income tax? A lot of its money comes from the Exchequer grant. I do not know if the income from it is deemed to be exempt, but Teagasc has other income.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Teagasc is a charity.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: VAT and PAYE. Of course.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Will Ms Kearney explain why there is a big figure in here of €110 million in deferred tax if she is telling me that Teagasc never pays tax? It is stated in note 22 on page 110 that €110 million has been provided for under "Provisions for liabilities - Deferred tax". If Teagasc is not liable for tax, why is that provision in there?
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Sorry, €110,000. That is a small figure.