Oireachtas Joint and Select Committees
Thursday, 25 April 2024
Public Accounts Committee
Business of Committee
9:30 am
Mr. Seamus McCarthy:
No. That was the point. It had been carrying them at a value and they decided that, effectively, it did not make sense to be trying to value them and to do the inspection regime to try to figure out what would be the replacement cost of the canals because, effectively, they are irreplaceable. It decided that it would carry them at nil value, but, obviously, they are still an asset. They are still a resource.
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