Mr. Michael O'Flynn:

Well, I think, in the mid-2000s, land was overheating and we began to ... it's important to remember that I've been through the '80s and the '90s in the UK and I've seen different difficulties, shall I say, in the property area. So, we were diversified in terms of geographic locations, but also in terms of development and investment and, like, we would have had €75 million rental income per annum; whilst we were in NAMA, for example, I think, somewhere totalling €260 million, €270 million was paid to NAMA. So we were ... we thought we had a good hedge because of the-----