Mr. Frank Ryan:

Losses last year amounted to 9,523, of which 43% related to construction and related activities. Job losses in 2011 and 2012 are running at the lowest level for the past ten years. When I say I am elated, I mean it gives me hope that indigenous performance is turning around and getting out from under the rock of the impact of the collapse of the construction sector. The companies driving job creation are the new, modern, innovative companies. They are contributing to the employment gain. In past year, more than 1,000 companies in our portfolio took on between one and three people. I hope I have not overstated the case by using the word "elated", but it gives great hope to see a trend with companies starting to employ people.