190 Deputy Luke ‘Ming’ Flanagan asked the Minister for Finance the new corporate structure that was put in place to facilitate the restructuring of the Quinn Group debt; if new companies were formed for the division of Quinn Group assets and liabilities when it was divided into manufacturing and non-core parts; the percentage of the €588 million now owed by Quinn Group under the non-core entity that has been written off; if the bondholders still have a call on the entire €588 million; the value that was placed on the entire Quinn Group when the bondholders were allocated a 25% shareholding; if any other entity is owed any part of the €588 million which was transferred to the non-core part of the new arrangement and if this debt appears as an asset on the balance sheet of any other company or person; if the Quinn Group records any portion of the €588 million debt on its balance sheet or on the balance sheet of any of its subsidiaries; the fee structure being charged by the receivers who now run the Quinn Group; if any part of the €588 million of the Quinn Group debt has been moved to the balance sheet of the Irish Bank Resolution Corporation formerly Anglo Irish Bank in the overall deal with the banks and bondholders; if so, if this has increased the liabilities for the taxpayers of the country; and if he will make a statement on the matter. [27577/11]

Summary

190 Deputy Luke ‘Ming’ Flanagan asked the Minister for Finance the new corporate structure that was put in place to facilitate the restructuring of the Quinn Group debt; if new companies were formed for the division of Quinn Group assets and liabilities when it was divided into manufacturing and non-core parts; the percentage of the €588 million now owed by Quinn Group under the non-core entity that has been written off; if the bondholders still have a call on the entire €588 million; the value that was placed on the entire Quinn Group when the bondholders were allocated a 25% shareholding; if any other entity is owed any part of the €588 million which was transferred to the non-core part of the new arrangement and if this debt appears as an asset on the balance sheet of any other company or person; if the Quinn Group records any portion of the €588 million debt on its balance sheet or on the balance sheet of any of its subsidiaries; the fee structure being charged by the receivers who now run the Quinn Group; if any part of the €588 million of the Quinn Group debt has been moved to the balance sheet of the Irish Bank Resolution Corporation formerly Anglo Irish Bank in the overall deal with the banks and bondholders; if so, if this has increased the liabilities for the taxpayers of the country; and if he will make a statement on the matter. [27577/11]

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• Financial Services Regulation

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