Ms Celene Craig:

Our cashflow requirements cannot be met from any funds relating to the broadcasting fund. It is ring-fenced under the statute. That is the first point to make. At times our own cash position can be quite good. As Mr. O'Keeffe indicated, it occurs at the point before the levy. As a result of the fact that the levy is operated on a quarterly basis, our cashflow difficulties tend to arise at the end of the second month of the quarter. Our cash position can be quite good at times but it can also become quite critical in that third month. When we draw down moneys, we have been able to repay them pretty quickly. The profile can be quite good at particular points. That is what the Deputy is seeing here.