Results 12,521-12,540 of 26,534 for speaker:John McGuinness
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: I am coming to that, yes.
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: The board has a loan of €22 million and an overdraft facility that sometimes runs at €577,000 and in 2014 was €620,000.
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: This is back to back with the overdrafts.
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: There was €1 million of a deficit in 2015. How is the board dealing with that? Is there a €1 million deficit?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: Yes.
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: How is the board going to deal with it? What is its plan?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: It is still a deficit of €1 million.
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: What will be done to correct it?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: Let us address that. The deficit in the pension in 2013 was €6.8 million and in 2014 it was €10.4 million.
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: Why?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: We understand that. How do you address it?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: Where are you getting the funds from?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: Part of this €10 million to €14 million increase in funding will go directly to the pension fund.
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: How much will go to the pension fund?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: How much is going to the pension fund?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: Can I ask the Comptroller and Auditor General whether that is an adequate amount to put in to address this gap?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: Are you satisfied with that as an accounting strategy?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: If you had a liability of €10.8 million and you decided to put €500,000 into it this year, is that enough?
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: I think he is saying it is not enough.
- Public Accounts Committee: Bord na gCon Financial Statements 2014 (26 Nov 2015)
John McGuinness: You have an actuary-----