Written answers
Thursday, 19 December 2013
Department of Finance
NAMA Expenditure
Michelle Mulherin (Mayo, Fine Gael)
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80. To ask the Minister for Finance how much has been paid by the National Asset Management Agency to consultants and advisers for 2010, 2011, 2012 and to date in 2013; and if he will make a statement on the matter. [54782/13]
Michael Noonan (Limerick City, Fine Gael)
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Fees paid by NAMA since its inception in 2009 to 30 June 2013 to consultants and advisers are set out in a table. Expenditure includes significant once off costs incurred in connection with the establishment of NAMA, due diligence connected with the acquisition of loans from the Participating Institutions and the initial review of debtor business plans.
| - | - | H1 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|
| - | - | €'000 | €'000 | €'000 | €'000 |
| Due Diligence Costs | - | - | - | - | - |
| - | Legal Due Diligence | - | 85 | 7,053 | 7,062 |
| - | Loan Valuation Costs | - | 2,187 | 20,900 | 9,295 |
| - | Property Due Diligence | - | 513 | 7,607 | 4,419 |
| - | Audit Coordinator | - | 1,301 | 8,945 | 8,829 |
| - | Total | - | 4,086 | 44,505 | 29,605 |
| Portfolio Management fees | - | 2,410 | 6,882 | 15,992 | 5,087 |
| Legal Fees | - | 612 | 4,634 | 9,478 | 3,311 |
| Finance and Technology Costs | - | 1,269 | 3,022 | 2,266 | 5,719 |
| Internal Audit Fees | - | 505 | 1,023 | 927 | 703 |
| Other Internal Audit Fees | - | - | 288 | - | - |
| - | - | 4,796 | 19,935 | 73,168 | 44,425 |
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