Results 13,641-13,660 of 34,627 for speaker:Seán Fleming
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: Did RTÉ clear €17 million?
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: You are smiling at me, Ms Forbes.
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: This is the Committee of Public Accounts. This is what we look at. The total sum was €107 million but there were enabling works and associated costs. Did RTÉ know about the tax bill coming at 25%? You probably did, Ms O'Keeffe.
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: That was the wrong word. RTÉ representatives cried about it publicly.
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: Has RTÉ received all the proceeds at this stage?
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: Do you have an approximate split of the capital versus debt reduction versus restructuring?
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: We know that.
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: That means redundancy payments and everything else. Is that right?
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: As a public body, what is RTÉ paying? Is it six weeks per year of service plus statutory redundancy? There must be a standard figure.
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: It was agreed with the trade unions too. Is that correct?
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: If it was not and if it was extra generous, then RTÉ would be used as a precedent in other organisations. You know where I am coming at this from. How much went on capital? Was there some refurbishment?
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: I have some other questions. I am looking at page 141 of the RTÉ financial statements. How much interest has RTÉ been paying up to now? What are the interest rates? If RTÉ had borrowings of €50 million, the company must have been paying €3 million or €4 million. What is the ballpark figure? It is a complicated structure in the financial statements....
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: I am coming to the Barclays fund now. The details are on page 141 of the document. Will you explain one detail before I ask my next question, Ms O'Keeffe? What is 2RN?
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: Does that include the big masts throughout the country?
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: I will read out the note on page 141 - it really surprised me. It refers to lender security for the project loan facility. The note refers to how the facility for 2RN has been arranged with Barclays Bank Ireland plc amounting to €53 million in aggregate. The note relates to lender security. I am surprised at the level of security that the bank appears to have over RTÉ assets....
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: The security also covers 2RN present and future fixtures and fittings on the DTT transmission sites. That includes anything 2RN constructs on those sites. The bank has security over all 2RN rental income from occupational leases. That is fine. The bank has rights and benefits of 2RN insurance policies and an insurance proceeds account. Will Ms O'Keeffe explain it to me? If there is a...
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: However, if there are receipts from an insurance policy, does Barclays Bank have first claim?
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: As well as any income which arises.
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: The witnesses referred to Sky, Virgin Media and competition in the marketplace. I have a Sky package, but I do not seem to get everything from RTÉ as part of it.
- Public Accounts Committee: Vote 29 - Department of Communications, Climate Action and Environment (3 May 2018)
Seán Fleming: Will Ms Forbes send me a note on the matter? For example, there is one channel on Saorview that is not available on Sky.