Michael McGrath (Cork South Central, Fianna Fail)
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181. To ask the Minister for Finance the value the National Asset Management Agency currently ascribes to art works it currently has in its portfolio of assets; and if he will make a statement on the matter. [8902/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that the carrying value of artwork on its balance sheet is of the order of €100,000. I am advised by NAMA that, in some cases, artwork is held as security for debts owed to the Agency and is still legally owned by debtors. Current valuations for this artwork are difficult to ascertain but are likely to be less than €2 million.