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Written question asked by Lord Laird (Crossbench), in the House of Lords. It was answered by Lord Rooker (Labour) on Wednesday, 18 January 2006.

Waterways Ireland

Question
In the annual report for Waterways Ireland, how the value of assets was calculated to be £11,622,174; and whether they will break this figure down by main items.
Answer

The assets in question are non-operational heritage properties and their values were provided to Waterways Ireland on a professional basis, as follows.

60 per cent. of Plot 8, Grand Canal Basin,       Ringsend, Dublin €15,000,000
53 Percy Place, Dublin €1,500,000
Total €16,500,000

For the 2004 annual accounts of Waterways Ireland this total has been converted to Sterling at a rate of £1= €1.4197. This amounts to £11,622,174.I refer the noble Lord to Note 1.4 to the accounts which describes the valuation and depreciation policies applying to the organisation’s fixed assets.

Secondary information

Type
Written question
Reference
3189; 677 c123WA
Session
2005-06
Related items
Waterways Ireland
Wednesday, 8 February 2006
Written questions
House of Lords
Subjects
Assets Valuation Waterways Ireland
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk