Mr. Michael Casey:

What will happen in reality is that a debtor in the region of €25 million will effectively be held in perpetuity. There will always be, at the end of any year, a debtor of in or around that amount. The amount could become larger, depending on how cashflows are affected. All else being equal, from now on there will be a €25 million debtor at the end of every year in the accounts of the higher education sector.