Noel Rock (Dublin North West, Fine Gael) | Oireachtas source

That is fair enough. I suppose there are a lot of one-off costs from year to year. That is it for me. I thank the witnesses for their time.

I had a look at the accounting statement and I think the NTMA is doing a fantastic job. The number of people seeking to invest in the 100-year bond is a testament to what a good job the witnesses are all doing. I know Mr. O’Kelly is new in the role and I wish him continued success because his success is our success. Every €200 million or 0.1% the NTMA saves us is a real saving to the taxpayer. I appreciate the work the witnesses are doing.