Mr. Alex Chisholm:

A break clause that we have been eagerly awaiting is approaching during 2015. It will need to be negotiated with the Office of Public Works. The OPW has more properties than it has tenants. From its point of view, it is hoping to maintain its current rent roll. We are a tenant like any other and would like to pay much less rent.

I am pleased to inform the committee that we were given responsibility by the Oireachtas for regulation of premium rate services. We assumed liability for the staff and premises of the agency that previously dealt with them, the Regulator of Premium Rate Telecommunications Services Limited, Regtel. We were able to sublet half of its premises to defray the cost and moved all of its staff into our office space, constituting a significant saving and consolidation. We are now taking steps to exit its offices completely. As members see from the accounts, our premises cost will decrease during the next year, reflecting the reduction in office space.