210 Deputy Pearse Doherty asked the Minister for Finance further to the publication of the special report by the Comptroller and Auditor General, which shows that the National Asset Management Agency paid €4.86 billion more than the acquired loans were worth by reference to November 2009 values, and further to the publication of the unaudited NAMA accounts for 2011 which show that NAMA has booked a cumulative impairment charge of €2.3 billion, and in view of the fact that commercial and residential property indices in Ireland indicate declines of 20%-plus since November 2009, his views on whether NAMA’s accounts show a true and fair view of the financial standing of the agency, even if the accounts comply with relevant accounting standards. [27940/12]

Summary

210 Deputy Pearse Doherty asked the Minister for Finance further to the publication of the special report by the Comptroller and Auditor General, which shows that the National Asset Management Agency paid €4.86 billion more than the acquired loans were worth by reference to November 2009 values, and further to the publication of the unaudited NAMA accounts for 2011 which show that NAMA has booked a cumulative impairment charge of €2.3 billion, and in view of the fact that commercial and residential property indices in Ireland indicate declines of 20%-plus since November 2009, his views on whether NAMA’s accounts show a true and fair view of the financial standing of the agency, even if the accounts comply with relevant accounting standards. [27940/12]

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