Mr. John Crawley:

There is only one substantial operation here and it relates to the management company we operate in the Grand Canal Dock area. When we acquired the gasometer site and created the Grand Canal Dock area, we created a management company in that area, as we had previously done in the original International Financial Services Centre, IFSC, and subsequently in the North Lotts area. The process is that we set it up, build it out, and then transfer the management company to the owners of the property in the area. We still have not completed that project for the Grand Canal Dock area. When the economic tsunami hit, that process slowed and development stopped. We are now in the process of winding up our interest in that company, which will necessitate disposing of our shares in that company. That is the substantial entity that is referred to in note 22. For legal reasons, the authority has one or two other small entities that it uses for title purposes.