Mr. Dargan Fitzgerald:

Only as I mentioned ... well, my direct knowledge is only of 2007 and it would have been in the context of what our mandatory audit procedures to assess going concern and from my recollection of that year, there would have been a formal going concern assessment from the directors. If I could just highlight in the documents and I'm referring to document 25 and if I could just highlight that the words used in the document are, "We have identified from our market knowledge that there is a potential going concern problem for EBS and for all Irish credit institutions". So I just would like to highlight that it's "potential" and really what that is saying is we are. ... [and the note is dated 14 February, within a few weeks of the approval by the directors of the financial statements] ... we're confirming that, as a matter of ... as a matter of logic and one might say common-sense in the circumstances of their time, there would fall to be a greater focus on going concern for all banks, given that they were then, in the case of domestic institutions, availing of the Government guarantee scheme. So by definition, there was a potential going concern issue for all banks which all auditors, I'm sure, considered very carefully at the time.