Results 341-360 of 1,066,912 for in 'Dáil debates' OR (speaker:Peter Power OR speaker:Brendan Griffin OR speaker:Michael Ring OR speaker:Eoin Ó Broin OR speaker:Willie O'Dea OR speaker:Cormac Devlin OR speaker:Colm Burke OR speaker:Pádraig Mac Lochlainn OR speaker:Malcolm Noonan OR speaker:Mairead Farrell OR speaker:Jackie Cahill OR speaker:Michael McNamara OR speaker:James O'Connor) in 'Committee meetings'
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Cormac Devlin: Is that the home builder partnership as opposed to direct delivery by the LDA?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Cormac Devlin: Shanganagh.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Cormac Devlin: That makes sense. I thank Mr. Coleman for that clarification. Turning to the C and AG's report, one of the issues - this is also highlighted in the LDA's financial statements - is the reliance on the spreadsheet accounting system. On the basis of what Mr. Coleman said, we know that this is being addressed right now. The LDA was incorporated in March 2022. Obviously, there was an unfunded...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Cormac Devlin: What did it cost?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Cormac Devlin: I am just limited on time. I just need a cost please, if Mrs Henehan would not mind.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Cormac Devlin: I only have one minute remaining. On the pensions arrangements, for, relatively speaking, a fledging organisation, there seems to be quite an array of pension arrangements for staff. There are 83 in total. Will Mr. Coleman outline the rationale behind that and indicate why there is such variance between the pension arrangements in place for different staff?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Cormac Devlin: I thank Mr. Coleman very much for all that. I appreciate it.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Gabhaim buíochas leis na finnéithe as ucht teacht os comhair an coiste agus as an bhfáilte chuig mo chéad chruinniú. I thank the guests for being here. I also thank the Chair for welcoming me to my first meeting as a member of the committee. The LDA has incurred losses in the past two years. There was a loss of €17.5 million last year and €11.7...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I am just looking at the finances here. I understand. We will have other conversations and will be going into other matters. I am just asking has there been a profit to date?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I thank Mr. Coleman. Has a dividend been paid to the State?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: If there was no profit, I assume then that no corporation tax has been paid on trading income?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I understand the LDA needed an extra €5.7 billion in capitalisation. That was identified last year. I understand that €2.5 billion was agreed by Cabinet last December, that half was due to come from ICIF and, as announced just in the past number of weeks, the other half from the sale of AIB shares. Will Mr. Coleman confirm that there is no commitment from the Government as of...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Will that last €1.25 billion come from borrowing the additional €1.25 to make up the €3.75 billion?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It would be an equity contribution. Mr. Coleman said the Land Development Agency can borrow a certain amount, has it borrowed previously?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Is Mr. Coleman anticipating borrowing? We know that interest rates are quite high, so is there a plan to borrow?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Just for my understanding, if the Land Development Agency is looking to advance those discussions, how long will it take until it is actually borrowing?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: The Land Development Agency is focusing on the equity capital at the moment rather than the borrowing. Is that correct?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It still does seem at the moment from that €5.7 billion identified last year, that there is an identifiable black hole, given the Land Development Agency is talking about borrowing but is not at that stage at the moment.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Mr. Coleman has no concerns in terms of the delivery of the Land Development Agency's business plan, despite the €5.7 billion that was identified.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Will Mr. Coleman confirm the overwhelming majority of the Land Development Agency's capitalisation is coming from State sources?