Mr. Michael Murnane:

On the first question regarding the €1.5 million, the Deputy must be conscious the building in question was a derelict building. It was an old stadium gone beyond use that had not been maintained over a long period. Therefore, much of the asset disposed or the write-down related to old equipment that was not being used. If the Deputy wants further clarification on that, I will have to come back to him on it.

In regard to the impairment calculation, this is a detailed working taken over a period. I will explain what was involved. We look at the current cash flow, the operating profits and the projections for the next number of years. Then, because of the assets, which predominantly included fixed assets, we were entitled to take those over a 25-year period, discount them back to current day terms and if that discounted cash basis - under financial reporting section 11 - exceeded the current value of the assets, there was no impairment charge required.