Mr. Michael Walsh:

Sorry, there's absolutely no argument about that table. I mean, basically it shows that the society had a 61% haircut. It transferred a loan balance of €8.7 billion and consideration was received by the society of €3.4 billion. What that table doesn't tell you, because it is actually the NAMA experience in relation ... it doesn't tell you about the €1.5 billion of own funds that were actually there.