Mr. Paul Maloney:

This was a company that ploughs its profits back into development. Our profit was not in cash. Our profit was that 20% of this site would be social and affordable housing, taken out of our profits. All of the developments we insisted on for the site - for example, a €10 million community investment - were taken out of our profits. Our net profit might have been €52 million cash, but our profit to the State, community and area was multiples of that. That is what we were interested in, not the cash profit. If we had broken even on the site, which was not our intention, there would still have been enormous profit in what we gave to the community. That is where we were coming from.