Mr. David Doyle:

I have seen various manuscript notes talking about different figures. One that refers to figures after capital and one that doesn't refer to figures after capital. So, precisely which is the correct transcription, I don't know. I did say earlier that I'm absolutely satisfied I didn't answer my own question that I posed. I asked the accountant that was attending the meeting from PwC, whose name is incorrectly recorded in that minute as Dan O'Connor - I think it was Denis O'Connor - I asked him "Did I, did I make those ... did I gave that answers to my own question?" He said, "No", that he thought it was the NTMA representatives.

So, I can't recall on what basis they made those but I would suggest that they were saying, "Well, if Anglo's book has to be written off...", like, to arrive at a figure of €8.5 billion after capital, their loan book at the time was about €70 billion. Their capital say was, just to make it easy, €7 billion.