Mr. Tom O'Mahony:

This relates to the audit of the 2011 accounts and the company did exactly as the Deputy described. The issue was also raised here a couple of weeks ago, which is the reason publication of the accounts was delayed. The CIE directors took the position very seriously where the auditor was essentially challenging the group's ability to continue to trade as a going concern. Properly, they indicated that they would not sign off on the accounts until they were satisfied with the plans produced by management to remove that uncertainty. By November, they were satisfied with the progress made in developing a recovery plan by management, including measures such as selling non-core assets; some of this was done in November. There were also reductions in the cost base. There was the required reassurance and the accounts were signed off on. With the assistance of NewERA, we are very closely involved not just in monitoring the finances on a weekly basis but also what is happening in the development and implementation of the recovery plan.