Mr. Michael Murnane:

I will give a more concise version. In 2011 and 2012 the board generated positive operating cash flows of €5.6 million. Of this, €2.62 million was paid in capital grants as I explained with regard to Dundalk, and €5.37 million was spent on fixed asset additions. Borrowings were increased by €1 million to finish the capital programme in place and the remainder was financed out of the surpluses. The capital programme has now stopped and it will not be curtailed dramatically. There are no outstanding capital commitments.