18. Contingent liabilities

NTMA Administration Account

In March 2015 legal proceedings were initiated against the Agency and the Minister for Education and Skills in respect of a public procurement competition for the Dublin Institute of Technology Grangegorman PPP project. The Agency and the Minister for Education and Skills are defending the proceedings. The case was heard in the Commercial Court in February2016 and judgement on the case is pending. As of the reporting date, the Agency does not have any obligation in respect of this case that can be reliably estimated and therefore no provision has been recognised. In addition, the possibility of an outflow of resources cannot be reliably estimated, nor is it practicable to estimate the financial effect, if any, on the Agency of the outcome of the case and therefore no disclosure is being made in respect of this matter.

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