Bobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Was the analysis intended to show what the loans were worth? Was this the value of the loan worked out at the figure less the 5.5% and-or 10% discount rate? On page 42 of the report, it sets out how the board approved a 5.5% discount for evaluating potential transactions and commercial decisions. The analysis shows on page 44 that the board uses this 5.5% rate for the estimate net present value of the loans. The analysis intends to show what the loans are worth. Was it a projected loan work out value at 5.5%?