Results 11,221-11,240 of 34,627 for speaker:Seán Fleming
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: I want to ask about Moorepark. I ask our guests to bear with me a moment. I saw in a note somewhere that Teagasc has a 57% shareholding in-----
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: It is in note 14 on page 106. I just do not understand how the two work together. This comes under investments. On investments, I understand what Deputy Burke said, namely, that Teagasc might have a conflict of interest with shareholding in the co-operatives. I refer to the figure of €438,000. It is not major. Teagasc can always sell its shares. Let us be clear: farmers can get...
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: It is funny. When I read that, I said to myself, "Teagasc only has shares in the dairy industry." I think we have dealt with that, though. It is stated, "Teagasc has invested €650 in Moorepark Technology Limited and has a 57% holding in the paid up share capital of the company." Who has the other 43%?
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Who are the shareholders who own the 43% then?
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: It does not matter. They are small.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: It is a small amount. At the top of page 110, note 25 states, "The non-controlling interest comprises shares in Moorepark Technology Limited." I do not get how Teagasc has a 57% controlling shareholding in note 14 and then has a non-controlling interest in note 25.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: The non-controlling interest.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: I understand. Note 25 does not relate to the 57% but rather to the 43%.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: It is all the same company.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: That is the 43%. We are nearly there.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: I am nearly there now. I do not know whether I have anything else to raise. I think I am really on the last point or two. I have mentioned the deferred income, which the witnesses have explained, the taxation issue and the controlling interest. I know these relate to the accounting side. The final issue is Johnstown Castle - the building. It is stated in note 13, under "Heritage...
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Yes.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: For what purpose? Is it for agricultural-----
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: When was that bequeathed to the State? In what year?
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: As long ago as that.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: I just happened to visit the castle during the summer. I had a beautiful walk in the garden, with the branches of the lovely trees hanging down over the lakes. It is fantastic. It was my first time there. The one thing that saddened me was that I went up to the castle and looked inside - as the witnesses know, one can walk right up and look in the windows - and it looked very shabby....
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Right, so work has started since I was there.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: On the building.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Next year. When I was there I read about the plans, but the castle looked a bit sad. I was obviously there just before the work started, and it is fantastic that it is under way. Is much of that coming out of Teagasc's resources? It is a national asset.
- Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)
Seán Fleming: Fáilte Ireland.