Ms Josephine Feehily:

The other two thirds is subject to active collection. That is what I mean about it not being a static figure. In a given year we will dispose of, using the various collection, enforcement, write-off instruments and so on, approximately 98% of the charges raised. Therefore, the amount is moving all the time. A significant proportion of the debt will be subject to active collection, which means it is being moved using some of the enforcement tools we discussed. Another proportion of it - the figure of €106 million I mentioned - will be subject to time to pay arrangements but will still be classified as debt until it is discharged. There is an active process of managing the debt and the Chairman is absolutely right. The newer it is and the quicker we get at it, the better. This is where the age analysis will come into its own. We have undertaken the developments needed to enable us to do this and increased the number of debt management teams. We had 20; we then went to 25 and these teams will be given targets based on the age analysis to focus on the newer debt. That will not make the picture any prettier, but it means we have a better chance of recovery.