Michelle Mulherin (Mayo, Fine Gael)
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Question 80: To ask the Minister for Finance the extent of work undertaken by and fees paid to an organisation (details supplied) by the National Assets Management Agency for each year in the past three years; and if he will make a statement on the matter. [26670/12]

Michael Noonan (Limerick City, Fine Gael)
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NAMA has informed me that it has engaged accountants, solicitors and other professional advisors in its initial establishment, the acquisition of its loan portfolio and its ongoing operations. A breakdown of the fees in relation to the organisation in question are shown below. The analysis is based on fees invoiced to and paid by NAMA in the period from inception to 31 March 2012. Amounts are inclusive of VAT.

2010 2011 2012

Total Property due diligence: 330k 428k 2k 760k Portfolio management fees:490 1,978k 427k 2,896k