Written answers

Thursday, 30 June 2011

Department of Agriculture, Marine and Food

State Agencies

5:00 am

Photo of Joan CollinsJoan Collins (Dublin South Central, People Before Profit Alliance)
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Question 163: To ask the Minister for Agriculture; Fisheries and Food the value of the various components of Coillte; the value of the following, the timber stock, the property, the potential mineral/mining rights, the hunting rights, the fishing rights and the carbon emissions absorption value under the european union emissions trading scheme and if he has made, or is in the process of making contact with any potential international buyer, with a view to selling or leasing Coillte as EUETS trading blocks. [18117/11]

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael)
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The Coillte Annual Report 2010 states the value of the forests and lands element of the Coillte group's tangible assets to be €1,367 million. I understand that, under Irish generally accepted accounting principles (GAAP), there is no value included in the group accounts for the other assets to which the Deputy refers.

In relation to the query about contact with any potential international buyer, the Government is still considering the recommendations in the report of the review group on State assets and liabilities in relation to Coillte, and no decision has been taken on the future of Coillte.

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