Property decline led to asset write-down by College of Surgeons

“The Royal College of Surgeons in Ireland wrote down its net assets by €72 million in 2008 – a fall of 44 per cent on the previous year. In its annual report, the RCSI, which is a non-profit organisation, said the decrease was mainly due to the fall in the market values of ‘‘investment properties, an increase in the pension deficit and the operating deficit for the year’ …” (more)

[Susan Mitchell, Sunday Business Post, 3 January]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: