Mr. Mark Griffin:

The fact that the other tenderers did not submit a sensitivity analysis is a matter for them. The invitation to tender required the submission of a sensitivity analysis. If the tenderers did not submit it, that is a matter for them. Let us look at the costs allowed under the contract and bear in mind that they are independently assessed by the Commission for Energy Regulation. They are broken down between pay and non-pay costs. The non-pay costs include the premises, backhaul infrastructure, network maintenance, annual depreciation, the guaranteed rate of return and transfers to the sinking fund. The total figure the Deputy sees in the Comptroller and Auditor General's report also includes the guaranteed rate of return. The figures quoted by the Deputy which are to be found on page 108 of the Comptroller and Auditor General's report, are €3.86 million up to 11 February 2011 - that figure is not for a full year - €9.42 million, €9.3 million and €7.76 million. They have been independently assessed by ComReg and include the list of issues I have just mentioned.