Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. You say in your statement that interest roll-up facilities were frequently offered by the financial institutions between, say, 2001 and 2008, and that Ballymore would always have requested interest roll-up facilities over the term of the loan. So can you explain that feature of a loan arrangement? And where would it be most suitable that during the, let's say, the development phase, the construction phase, before a rent roll income starts coming in, or before you get any sale proceeds from selling completed units, can you explain how that would work in practice?