Mr. John Tierney:

I came out and said quite clearly that this is money spent on the creation of the utility for building – I used the analogy that if one came into Leinster House in the morning and had no building systems or processes or people to operate all those it would be a huge task to start. That is what we had to do. It involves managing and delivering efficiencies on the €11 billion worth of assets; managing and operating the staff; delivering the customer billing system, and all of those processes. Mr. Dempsey is outlining our view that we are creating an asset in that. There is a process that must be gone through.