Results 16,921-16,940 of 26,404 for speaker:David Cullinane
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: The witness might answer it again for me.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: Would this be one of them?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It is one of them. Okay. I thank the witness.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: The witness is telling us that the reason UCC bought it was to allow IMI to discharge that liability.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: The witness just said that.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: The witness was asked what the rationale was for UCC buying the property. The witness said that the IMI had to discharge liabilities. One way of discharging its liabilities was to sell the asset. UCC then helped the organisation discharge its liability by purchasing the site, which was what the witness was asked when he was last before the committee. I asked him again today. He said that...
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It was not pension liabilities but all liabilities.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: With respect, this morning I put specific questions to the witness and he was again clear that there were no IMI liabilities.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: I am talking about this morning. The witness was very clear that there were no pension liabilities. I asked if there were capital liabilities and the witness said there were none.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: With respect, that is not clear from what the witness said this morning and it is not clear from what he said on the last occasion.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: That is their problem.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: May I ask another question for the purpose of clarity?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It is an important point.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: I wish to deal with one quick point to bookend this conversation.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It is a quick question for Mr. Collins. Was it a condition of purchasing the brand name that UCC would purchase the property? When UCC purchased the brand name was that conditional on UCC purchasing the site?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: Mr. Farrell understands what I am saying. I am putting the question to Mr. Collins because we were told that the site was separate. Mr. Collins said that UCC bought the company for nothing and then he said that it paid €20 million to buy the property which was used to offset the liability. Was that a condition of buying the company?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It was a condition.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: It either was or was not a condition. If UCC did not buy the asset, would IMI have allowed UCC to buy the company?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
David Cullinane: However, the witness does not know that.
- Public Accounts Committee: Dublin Institute of Technology and Cork Institute of Technology: Financial Statements (22 Jun 2017)
David Cullinane: Who carried out the independent report?