Mr. Gerry Murphy:

Besides the operational deficit, which is decreasing, there is also a cashflow problem within the group. The issue also arises of its loan facilities. The €36 million invested in 2012 was intended to manage that issue. It is working through a cost reduction programme and I understand it will renew its loan facilities by the end of the year. With the reduction in the deficit, the voluntary severance programme and the development of new loan facilities, it will be fine going forward. All of the companies in the group have targets for reducing operational deficits. By next year the deficit for Dublin Bus should be down to €2 million and Bus Éireann may have a positive balance. However, Irish Rail will require four to five years to return to current year operational balances.