793. Deputy Catherine Murphy asked the Minister for Jobs, Enterprise and Innovation if Article 1(9) of Directive 51/2003 only permits the delayed recognition of potential losses as opposed to actual losses in view of the fact this would lead to excessive provisioning; if Article 1(9) still retains the requirement to make a provision for liabilities in order that net assets, that is to say, assets net of liabilities, are not overestimated which would be contrary to the concept of prudence and the true and fair view as outlined in a case (details supplied); and if she will make a statement on the matter. [9698/17]

Summary

793. Deputy Catherine Murphy asked the Minister for Jobs, Enterprise and Innovation if Article 1(9) of Directive 51/2003 only permits the delayed recognition of potential losses as opposed to actual losses in view of the fact this would lead to excessive provisioning; if Article 1(9) still retains the requirement to make a provision for liabilities in order that net assets, that is to say, assets net of liabilities, are not overestimated which would be contrary to the concept of prudence and the true and fair view as outlined in a case (details supplied); and if she will make a statement on the matter. [9698/17]

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