Mr. Séamus Mac Eochaidh:

I can tell the Deputy two things. From the period when we commenced the process in 2010 until we completed it and got permission from the board in 2013, the enterprise's value increased by 250%. Had we completed the deal in 2010, we would have had two and half times less than we got eventually.

There are two ways to value any company: one can use either a multiple of earnings - or a multiple of EBITDA, net earnings, or whatever, but a multiple of what the company is capable of making - or net asset value. As I pointed out to the committee, the net asset value was minimal because all the company had was antiquated manufacturing equipment. We own it - we are the landlord - so the best value is a multiple of earnings. Fortunately, through some very hard work, earnings improved under our ownership, despite a very bad period up to 2006. They improved to the point that we had a very good year one year, in 2012, and that is the base year we used for the calculation of the enterprise value. I am very happy that was maximised.