A breakdown of the professional fees sought by the Deputy is set out by category of expense for each year from inception to end-2014. The figures for 2015 will be collated and reported in accordance with NAMA's scheduled financial reporting.
Legal, Consultants and advisory
|
€'000
|
€'000
|
€'000
|
€'000
|
€'000
|
€'000
|
|
Actual 2010
|
Actual 2011
|
Actual 2012
|
Actual 2013
|
Actual 2014
|
Total
|
Portfolio Management fees
|
5,087
|
15,992
|
6,882
|
5,549
|
3,775
|
37,285
|
Legal fees
|
3,311
|
9,478
|
4,634
|
2,975
|
8,574
|
28,973
|
Due diligence (further breakdown below)
|
29,605
|
44,505
|
4,086
|
-
|
-
|
78,196
|
Other internal audit fees
|
-
|
-
|
288
|
-
|
-
|
288
|
Tax fees
|
463
|
562
|
531
|
1,223
|
754
|
3,533
|
Cross operational organisational project
|
-
|
-
|
-
|
193
|
43
|
236
|
Total
|
38,466
|
70,537
|
16,421
|
9,940
|
13,146
|
148,510
|
Less due diligence costs recovered on loan acquisitions*
|
-29,605
|
-34,505
|
-
|
-
|
-
|
-64,110
|
Due diligence breakdown
|
8,861
|
36,032
|
16,421
|
9,940
|
13,146
|
84,400
|
Legal
|
7,062
|
7,053
|
85
|
-
|
-
|
14,200
|
Loan valuation
|
9,295
|
20,900
|
2,187
|
-
|
-
|
32,382
|
Property
|
4,419
|
7,607
|
513
|
-
|
-
|
12,539
|
Audit
|
8,829
|
8,945
|
1,301
|
-
|
-
|
19,075
|
Total non-recurring due diligence costs
|
29,605
|
44,505
|
4,086
|
-
|
-
|
78,196*
|
* The difference between maximum amount recoverable of €64.11m and actual cost of €78.196m was expensed to NAMA's P&L.