A loan of the same value was made to provide working capital to CMSL following its launch.
The agency was given Scottish Government approval to overspend by up to PS2.3m in 2018-19 to cover the costs of operating CMSL. In the event, HIE's total overspend against its resource budget, across all its activities, was PS1.8m.
Mr Ewing was shown around the exhibition by Susan Smith, interim chief executive of CairnGorm Mountain (Scotland) Ltd (CMSL
) and CMSL
chairman, Peter Mearns, who told him the board and staff are working hard to turn the mountain into a sustainable, year-round visitor attraction.
changed its points system this season to score each race separately in the five meets, lining it up with the state standard.
HIE made a deal to buy the operation for PS447,540 on December 14, operating under the subsidiary Cairngorm Mountain (Scotland) Ltd (CMSL
) - in addition to spending PS1m on a snow-making machines, which suffered technical issues over the winter.
McCusker called helping Team Massachusetts to a third-place finish this season, as well as defending her CMSL
title, her most memorable moments.
Staff and assets of the failed firm were transferred to a new company, Cairngorm Mountain (Scotland) (CMSL), which was set up by the development agency.
They show PS1m given to CMSL as a "working capital loan" and PS460,852 spent on acquiring assets.
Staff and assets of the failed firm were transferred to a new company, Cairngorm Mountain (Scotland) Ltd (CMSL), set up by HIE in November to keep the resort operating, with support of HIE staff.
In a document setting out key audit risks identified for its review of HIE's activities in the 2018/19 financial year, the body said of the CMSL operation: "There is a risk the finance team will not have the capacity or skills required to deliver the annual accounts to the agreed timetable and that the complex transactions will not be accounted for correctly."
"HIE's new subsidiary, Cairngorm Mountain (Scotland) Ltd (CMSL
), took over operations at the end of December.