Michael McGrath
Question:74. Deputy Michael McGrath asked the Minister for Finance the value of an account (details supplied); the amount that was originally deposited; and if he will make a statement on the matter. [10318/20]
View answerTuesday, 9 June 2020
Questions (74)
Written answers
As the Deputy is aware, the alleged State aid from Apple has been recovered by the State. The total amount recovered was €14.285 billion which constitutes the principal amount as well as the relevant EU interest. These sums have been placed into an Escrow Fund with the proceeds being released only when there has been a final determination in the European Courts over the validity of the Commission’s Decision.
The 2018 accounts for the Escrow Fund were compiled and audited by the Office of the Comptroller and Auditor General. As at 31 December 2018, the value of the assets held in the Escrow Fund amounted to €14.271 billion. Once the 2019 accounts are finalised and approved it will possible to indicate the end 2019 financial position of the Fund. The accounts of the Fund are produced on an annual basis and no information will be provided on the value of the Fund outside this process.