Results 12,081-12,100 of 34,956 for speaker:Seán Fleming
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It will be in that region. None of us can predict it but it will be in that region.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: That was the cost NAMA recouped through its sales and it still arrived----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: To be generous to NAMA, it has realised income of well over €40 billion already - it is well over that - and there are a couple of billion to go. Rounding up, it will be near €50 billion and operating expenses will be 2%.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It is not all bad news. NAMA should be-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It looks as if NAMA is doing it at about 2%.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I know all the audience is gone but we are into the good news bit now, from NAMA's perspective.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I want to look at NAMA's financial statements. I refer to page 108. Interest is an issue. I ask the witnesses to explain that. I would like to get the total figure regarding note 5 on page 108. We know what I am talking about there - negative interest expense on cash or cash equivalents. It seems to me that NAMA lost more than €3 million in 2017 in negative interest. In other...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Will Mr. McDonagh explain that? People will be shocked, given that it is doing so well, that NAMA is losing money.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It is costing NAMA money to put it in there.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I understand that. It is a concept that for ordinary people sounds-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: NAMA does know the cumulative figure. I see €11 million or €12 million in the financial statement just for two years .
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: That would not have been the case early on in the life of NAMA.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: That ties into my first question about the use of that cash in regard to the Department of Finance. I know NAMA has said it does not have it all yet but in my mind, given that it is losing money on it, could there be some mechanism - the law probably does not allow for it at the moment without some amendment but I am sure the Minister could consider a directive - to hand some of it over to...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I know that and we mentioned that to the NTMA when it was here.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Is that based on the current legislation without some amendment?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Will Mr. Carville send us a note summarising the review the Department did so that we can have it on the record?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I ask Mr. Carville to forward it to the committee. I am nearly there now. The briefing note sent to us before the meeting, on page 28 concerning the NAMA key financials, states that the total cash generated from inception is €42 billion but the figures in the financial statements do not quite add up to that. They only add up to €40.7 billion. What is the difference?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Is that a more up to date figure?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Are the figures not based on the same date?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: We are just about there. Page 16 of the financial statements gives the NAMA asset disposals year by year, as in 2010 to 2017. I refer to €7.2 billion on page 16 on the bottom chart. It can be seen there. Somebody touched on this earlier. The witnesses said that NAMA was under pressure from the troika in those first couple of years to generate cash. Some of that was from sales of...