Question reference: S6W-02199
- Asked by: Sharon Dowey, MSP for South Scotland, Scottish Conservative and Unionist Party
- Date lodged: 11 August 2021
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Current status: Answered by Kate Forbes on 26 August 2021
Question
To ask the Scottish Government how it will recover the £33.4 million removed from the value of the £43.4 million loan provided to Glasgow Prestwick Airport, as recorded in 2019-20 Transport Scotland annual accounts.
Answer
The loan was impaired on the basis of the risk of an Expected Credit Loss as we are required to do in accordance with IFRS 9. The loan has been impaired in the accounts but it has not been written off and legally the full value and its accrued interest remains repayable.