3 4 MR. QUINN: Good afternoon, Sir. Mr. John - The Tribunal of ...

4215:36:241 "properties held for resale and development. It says included here is an2 amount of 425,332 which represents monies invested in the project known as the3 Stadium. At this early stage of the project the directors are confident having4 had at feasibility study completed that the project will realise an amount in15:36:435 excess of that which is stated in the balance sheet".6 A. Yes, that's correct.7 Q. 255 Now, the minutae of what I just brought you through, Mr. Deane, I suggest to8 you establishes the following. That Riga within its accounts for year ended9 April '92, regarded that 80,000 pounds paid to Shefran in 1991 after year end15:37:0610 April '91, as being owed to it by Barkhill and was included as such in its11 balance sheet as monies owed to it, as parts of the monies owed to it by12 Barkhill.13 A. Yes, that's correct.14 Q. 256 And that was signed off on by Riga and directors and including Mr. O'Callaghan15:37:2315 in October '92?16 A. If you say, I'm sure that's right.17 Q. 257 In August and again in October '92, Riga's auditors Barbar & Co. certified to18 the auditors of Barkhill Limited that that money was owed to it.19 A. As at the year end, yes.15:37:4120 Q. 258 Yes. That when it came to preparing the accounts for year end April '93, that21 sometime between the 1st of May '93 and the 8th of June '93, that position22 changed within Riga?23 A. In relation to something like 400,000 odd pounds.24 Q. 259 Which included that 80,000, isn't that correct?15:38:0525 A. I don't think they can be separated.26 Q. 260 Just bear with me, Mr. Deane, now for a moment. That position changed within27 Riga?28 A. Yes.29 Q. 261 Now, when we come to the following year, which is April the year end April '94.15:38:2030 The position is reversed and that 80 goes back in to the loan account ofPremier Captioning & Realtime Limitedwww.pcr.ie Day 881