Sign up now for ease of access to The Medical Independent, Ireland’s most frequently published medical newspaper, delivering award-winning news and investigative reporting.

  • receive the eCopy two days prior to the printed edition.
  • can partake in our online MCQs.
  • can enter our online sports quiz. is Ireland's only investigative medical news website for doctors, healthcare professionals and anyone with an interest in health issues.

Established in 2010, along with its sister publication The Medical Independent, our stated aim is to investigate and analyse the major issues affecting healthcare and the medical profession in Ireland. The Medical Independent has won a number of awards for its investigative journalism, and its stories are frequently picked up by national digital, broadcast and print media. The Medical Independent is published by GreenCross Publishing.

Address: Top Floor, 111 Rathmines Road Lr, Dublin 6

Tel: 353 (01) 441 0024

GreenCross Publishing is owned by Graham Cooke.

Liability of over €114,000 revealed in NAGP accounts

By Mindo - 23rd Jan 2019 | 13 views

The deficit for the year ending 31 March 2018 represents a significant increase based on financial statements for the end of March 2017, which showed a deficit of €33,000.

The accounts, which were published on the Companies Registration Office website in late 2018, were discussed at an extraordinary general meeting (EGM) of the NAGP shortly before Christmas, with about 25 members in attendance.

At the meeting, NAGP Chairperson Dr Andy Jordan signed-off on the accounts and no concerns were raised by members, according to NAGP President Dr Maitiú Ó Tuathail.

Speaking to the Medical Independent, Dr Ó Tuathail confirmed that the Association made a loss last year but said he was confident the financial situation would improve in the future.

He added that management accounts would be published by the NAGP at the end of January or early February.

Abridged financial statements for the year ended 31 March 2018 show that the NAGP owed more than €345,000 to creditors, up from €238,000 in 2017.

A sum of €169,000 in “service charges due” is included in the statements. The amount of money received in membership fees is not reflected in the statements, nor is the amount spent on employee wages.

The statements outline that “the financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence and will be able to meet its obligations as they fall due for the foreseeable future”.

“The company will be dependent on the continued financial support of its lenders and creditors to meet its obligations for at least 12 months from the date of approval of these financial statements. The directors have no reason to believe that this will not be the case.

“The directors have concluded that the above factors represent material uncertainties. Failure of continued financial support from its lenders and creditors may cast significant doubt on the ability of the company to continue as a going concern.”

However, the directors have a reasonable expectation that the company will be able to meet its obligations as they fall due for the foreseeable future, it added.

Leave a Reply

Latest Issue
medical news
The Medical Independent 19th May 2022

You need to be logged in to access this content. Please login or sign up using the links below.

Most Read