Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Question 71: To ask the Minister for Finance if a detailed valuation process of State assets will commence; if such a process will take into account debt and pension fund deficits that may exist in some State companies; the persons that will carry out such a review; and if he will make a statement on the matter. [9694/11]

Michael Noonan (Limerick City, Fine Gael)
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The Report of the Review Group on State Assets and Liabilities set out a detailed assessment of the assets and liabilities, including pension fund deficits, of all the main commercial State-sponsored bodies. It was based on book values but a valuation would have to be undertaken in the case of any sale. As set out in the Programme for Government, non-strategic assets up to a value of €2 billion will only be sold when market conditions are right and when adequate regulatory structures have been established to protect consumer interests.