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Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: How does that get treated?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Note No. 25 refers to contingent liabilities in respect of certain legal matters. Mr. Crawley mentioned that the authority had dealt with a number of legal matters since 2012. Does the authority still have contingent liabilities in that regard?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: The authority made provision in 2012 to account for potential costs.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Can the authority wind up while these issues are outstanding?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: That will form part of the legislation to come, but it will have to take on its-----

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: The city council will become the body to defend these issues.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: I will briefly examine the other expenses detailed in note No. 7 on page 38. In 2012, administrative expenses amounted to €354,000 and the depreciation and impairment of tangible fixed assets amounted to €483,000. What are the current figures?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Looking at the figures, we are almost at the point where the authority will no longer exist. What is the current position in terms of its net value?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Does the €5 million figure already take into account the fact that the pension liability is transferred away?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: If the pension liability had not been transferred, would the authority have been in deficit?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Does that include the assets that are not counted on the books?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: When we count the balance sheet assets that will remain when the authority dissolves and the assets that are not on the balance sheets, does it look more like a break even point of view for the authority, taking into account the pension liability transfer?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Was the pension liability moved too early then?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Thank you. To return to Ms Quinlivan, has it been decided yet where the balance, if it is the €5 million surplus we mentioned, will transfer to? Will that be a matter for the legislation?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: At the time of the 2012 accounts, investment assets were valued at €20.95 million, but there has been progress made since then. Will the authority representatives talk me through the assets that have been sold since that date?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Does that include the Custom House Quay building, CHQ?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: I have the breakdown for the others, retail units €2.96 million, office units €3.4 million and a car park €4.8 million. At end 2012, the liabilities were €24.4 million. That figure has come down now.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Will Mr. Crawley explain that?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Does that amount, in total, to approximately €12 million?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012
(6 Feb 2014)

Eoghan Murphy: Therefore, the asset position is approximately €2.95 million and liability is approximately €12 million.

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