Derek Nolan (Galway West, Labour) | Oireachtas source

I would like to ask about the impairment of €3.3 billion that NAMA has on its property. Mr. McDonagh explained that some of it is quite technical and relates to year-on-year interest calculations that are based on assets that are not generating income, etc. Surely some of it must relate to a simple revaluation of the portfolio based on current market value. Could Mr. McDonagh split the €3.3 billion between the two categories - that accounted for by technical calculations and that accounted for by the actual degrading of the portfolio?