NAMA Expenditure

Dáil Éireann Debate, Thursday - 19 December 2013

Thursday, 19 December 2013

Questions (80)

Michelle Mulherin

Question:

80. Deputy Michelle Mulherin asked the Minister for Finance how much has been paid by the National Asset Management Agency to consultants and advisers for 2010, 2011, 2012 and to date in 2013; and if he will make a statement on the matter. [54782/13]

Written answers

Minister for Finance

Fees paid by NAMA since its inception in 2009 to 30 June 2013 to consultants and advisers are set out in a table. Expenditure includes significant once off costs incurred in connection with the establishment of NAMA, due diligence connected with the acquisition of loans from the Participating Institutions and the initial review of debtor business plans.

-	-	H1 2013	2012	2011	2010
-	-	€'000	€'000	€'000	€'000
Due Diligence Costs	-	-	-	-	-
-	Legal Due Diligence	-	85	7,053	7,062
-	Loan Valuation Costs	-	2,187	20,900	9,295
-	Property Due Diligence	-	513	7,607	4,419
-	Audit Coordinator	-	1,301	8,945	8,829
-	Total	-	4,086	44,505	29,605
Portfolio Management fees	-	2,410	6,882	15,992	5,087
Legal Fees	-	612	4,634	9,478	3,311
Finance and Technology Costs	-	1,269	3,022	2,266	5,719
Internal Audit Fees	-	505	1,023	927	703
Other Internal Audit Fees	-	-	288	-	-
-	-	4,796	19,935	73,168	44,425