Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance further to Parliamentary Question No. 283 of 18 September 2012, if he will confirm the cost of the acquisition of Irish Nationwide by IBRC. [40581/12]

Michael Noonan (Limerick City, Fine Gael)
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I have been advised that on the 1st July 2011, under the INBS Transfer Order, all of the assets and liabilities of INBS, with certain exceptions, transferred to IBRC. On that date the Group’s net assets increased by €638m. No cash consideration changed hands. However the net assets of INBS included cash and cash equivalents of €128m.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance further to Parliamentary Question No. 283 of 18 September 2012, if he will provide a breakdown of IBRC's balance sheet for 2011. [40582/12]

Michael Noonan (Limerick City, Fine Gael)
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A breakdown of IBRC’s balance sheet is available on page 34 of the IBRC Annual Report and Accounts 2011 which can be accessed at