Results 1-11 of 11 for 5 million segment:5858043
- 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) Mr. John Crawley: I will try to reconcile the figures for the Deputy. We currently have approximately €8.5 million of assets. We had approximately €23 million at the end of 2012. We have had sale proceeds of assets of approximately €18 million. This included approximately €5 million in value higher than we originally anticipated in 2012. In other words, we...
- 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) Mr. John Crawley: The accounts the Deputy has before him show the authority has a net asset value of approximately €5 million. This means that if we disposed of everything on the balance sheet, on that date there would be €5 million in surplus assets over liabilities, as at 2012. We are currently in the process of preparing the 2013 accounts, which are in draft form, but have...
- 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) Mr. John Crawley: We record approximately €5 million on the balance sheet and approximately €3 million off the balance sheet, amounting to €8 million. Then, we have transferred an €8 million pension liability back to the State, of which approximately €1.1 million will fall due in the next five years and approximately 50% will fall due from about 20 years out.
- 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: Moving on to note No. 5 on page 36, operating expenses. In 2012, legal fees amounted to €1.2 million. Just under €1 million was spent on defending the Irish Glass Bottle, IGB, site case.
- 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) Mr. John Crawley: At this point in time I would say there is about €5 million in accounting profit – assets over liabilities – and approximately €3 million in off-balance-sheet items, which we talked about earlier.
- 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) Mr. John Crawley: It is €5 million plus about €3 million in assets.
- 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) Mr. John Crawley: At the end of 2011 or 2012, we had accrued a further €5 million or €6 million in annual incremental interest costs. That figure would have increased over time because nobody was paying the interest.
- 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: 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: Mr. Crawley said earlier that the authority had achieved €5 million more than it expected from the disposal of the assets it has disposed of since 2012. Is there an argument for transferring assets to some other State entity rather than disposing of them in the market if the prices are rising?
- 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) ...the authority through the liquidation of assets, including the transfer of the relevant infrastructure, and to deal with any remaining litigation. The authority's gross surplus for 2012 was €2.3 million as compared with €7.6 million in 2011. After taking account of operating and other expenses and impairment costs charged in the year, the authority reported an operating...