Doonbeg in the rough with loss of €20m

New accounts filed to the Companies Office by Doonbeg Golf Club Ltd show the firm recorded the pre-tax loss in 2012, chiefly arising from impairments of fixed assets and provisions against debtors totalling €19m.
The firm’s largest single annual loss coincided with the resort recording a profit of €911,000 on an operational basis before non-cash depreciation costs. The resort’s operating losses after depreciation narrowed sharply from €2.5m to €830,809.