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Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Mr. Paul Maloney: On 20 October, which is the next meeting to discuss valuations, we had this range of valuation between €250 million and €375 million. We had the comparative figures we had gained that the site could go up to €400 million. At a long discussion at the board meeting of 20 October, 17 days later, the board and the executive decided that the maximum...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

...funding asset being recognised in the financial statements as follows: I draw attention to note 16 to the financial statements and to the recognition as at 31 December 2012 of an asset of €8.4 million in respect of deferred pension funding. The recognition of the asset reflects the Department of Public Expenditure and Reform's statement in July 2013 that the State will bear the...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Mr. Paul Maloney: Yes, I think that is only one of the inputs that would have affected that. That is a comparative price but we also had the Circle Time programme. I have here a figure of €336 million that this programme printed out on 5 October and would have printed out over that period or just prior to it. I do not have access to those now but that is where I would have got them.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)

Mr. Paul Maloney: On 3 October, we had obtained an independent valuation in June 2005. We had our own RICS, Royal Institution of Chartered Surveyors, professional surveyors in the authority who updated that valuation for the sub-committee, referred to earlier by the Deputy, of 5 October 2005 to do with the port’s involvement. We had a full valuation from an independent RICS valuer...

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