Results 401-420 of 1,077,961 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Marian Harkin OR speaker:Mary Butler OR speaker:Mairead Farrell OR speaker:Marc Ó Cathasaigh OR speaker:Violet-Anne Wynne OR speaker:Michael Healy-Rae OR speaker:Noel Grealish OR speaker:Paul McAuliffe OR speaker:Matt Carthy OR speaker:Carol Nolan OR speaker:David Cullinane OR speaker:Helen McEntee OR speaker:Kathleen Funchion OR speaker:Chris Andrews OR speaker:Malcolm Noonan OR speaker:Richard O'Donoghue OR speaker:Louise O'Reilly OR speaker:Imelda Munster OR speaker:Micheál Martin)
- 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?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is entirely from State sources. My understanding is that the LDA is a commercial State-owned enterprise and that approval had to be granted by the European Commission to grant it off-balance sheet status. Is that correct?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Given that the Land Development Agency has yet to turn a profit and is reliant on State financing, does Mr. Coleman have any concern about compliance with state aid rules?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: There are no concerns at all in the medium- to long-term.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: My understanding is that the Land Development Agency would need to be returning a profit. It seems Mr. Coleman is unsure as to when the Land Development Agency will be in position to borrow and that we will be looking at continued long-term capitalisation from the Government. Mr. Coleman just mentioned the extra €1.25 billion in funding he expects from Government but we do not know...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Okay, the Land Development Agency is on-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I thought the Land Development Agency was off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I am a bit concerned in terms of the long-term nature of the funding but we are in a serious housing crisis. As for the land the Land Development Agency has been seeking for the delivery of affordable homes - I am from Galway where we really are looking for affordable homes - lands where homes are delivered directly can be used or it can consider the purchase of affordable homes from...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is €409,000. What is the average cost for the houses purchased from Cairn Homes in Citywest?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Is Mr. Coleman sure that capital expenditure is definitely not off-balance sheet?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is definitely my understanding that it is off-balance sheet.