Mr. Brendan Gleeson:

There are a few questions there but I will try to answer them as best I can. In the context of the settlement, it is not true to say that we knew what the settlement was, even in ballpark terms, when the Estimate was agreed. That is not the case. Obviously, we have had a report on it and there is a ballpark figure there now which we assume will have to be accrued in the 2015 accounts in the normal way.

Second, in terms of the overall financial position of the industry, clearly we have a concern. We know the chairman, the board and the chief executive have a concern about the financial status of the industry. When one looks at the subvention that has been given in the past, the grant to the board went from €15.2 million in 2008 to €10.8 million in 2014 and that came at a time when attendances were falling, when tote income collapsed and when all the impacts of the economic downturn came as well. The board found itself in a very difficult position.

There has always been support for this sector from the State and successive Governments have felt it was worthwhile. Our figures, in terms of employment, are approximately 10,000 people in employment and-----