Mr. David Franks:

We are in an extremely difficult position as I indicated. My view is we are at a turning point. Since 2007 we have been able to continue to spend money by incurring losses in the company. As already stated, we are up to losses of €160 million with no further scope to worsen the balance sheet. We are in a very difficult space, which is why we are having detailed conversations with the Department and the NTA on trying to solve the problem. We are not at a stage where next year we will take trains out of the timetable. If, however, we do not secure funding, a decision of that magnitude could occur at some point in the future. As I said, I remain concerned, which is why I carry out my own audits. I pleased to say we saw improvements in safety in 2014 which will not deteriorate rapidly.