Mr. Mike Glennon:

There are a few answers to that question. First, Coillte, more or less, got the largest land parcel in the State for not a very large amount of money a long time ago and had a huge facility to sell off various strategic assets for quite substantial sums of money for sites, dumps and whatever the case may be. It is clear from its annual accounts that for land it acquired at a low value on vesting day it got millions of euro when selling it off. It got a massive natural start and massive advantage. The issue may be that Coillte got involved with so many non-core activities that the effort on forestry was dissipated.