71 Deputy Brian Lenihan asked the Minister for Finance if a detailed valuation process of State assets will commence; if such a process will take into account debt and pension fund deficits that may exist in some State companies; the persons who will carry out such a review; and if he will make a statement on the matter. [9694/11]

The Report of the Review Group on State Assets and Liabilities set out a detailed assessment of the assets and liabilities, including pension fund deficits, of all the main commercial State-sponsored bodies. It was based on book values but a valuation would have to be undertaken in the case of any sale. As set out in the Programme for Government, non-strategic assets up to a value of €2 billion will only be sold when market conditions are right and when adequate regulatory structures have been established to protect consumer interests.