Dr. Brendan Murphy:

That could be the gross value. To put matters in perspective, we have approximately 14,000 fixed assets and describing them as fixed in some cases is a bit of a misnomer. They are anything but, which is part of the reason it is difficult to ensure. As the Comptroller and Auditor General notes, having looked at the audit committee reports, it is a regular feature of his review with regard to ensuring we control our assets and keep track of them. There are certain assets we do not track, such as plastic chairs, of which most higher educational institutions have a considerable number. If we were to say a plastic chair is €30 and we have several thousand of them, it looks like a large amount of money.