Dáil Éireann Debate, Tuesday - 9 October 2012
147. Deputy Pearse Doherty asked the Minister for Finance if he will provide an estimate for the financial outturn at the National Asset Management Agency for the 12 months ending 31 December 2012 to include the estimated provision for impairment and the profit before tax. [42681/12]
View answerI am advised by the National Asset Management Agency (NAMA) that it does not publish estimates of financial outturn prior to the closure of accounts and the production of the statement of accounts.
In this regard, NAMA advises that the year-end provisioning exercise can only be completed by reference to the loan balance at 31st December 2012 and circumstances that will pertain at that time as required under IFRS. NAMA further advises that variables such as the fair value of derivatives and foreign exchange movements will have to be taken account of at that time.
