Mr. John McDonnell:

First off, the amount that NAMA paid was a matter that was driven by the legislation which brought in NAMA. The bank had no ability to impact that at all. NAMA just paid them what they paid them. That amount was a close to a fair value-type calculation. The nominal value is before provisions so that's not the carrying value at Bank of Ireland at the time that it was transferred, it's the amount that was actually lent and Bank of Ireland would have determined the carrying value of that, taking into account that loan balance and appropriate impairment provision, calculated in accordance with the incurred loss approach. And, as I said, Chairman, as part of our audit work, we would have focused very heavily in on the audit of impairment and we were satisfied to give a clean audit opinion at that point in time. So, we had no issue in terms of the calculation of the carrying amount of the loans at the balance sheet date prior to when they were sold to NAMA and, as I said, the bank couldn't influence the amount that NAMA paid because that was set by legislation. They're two very different calculations. They will always be different.