Mr. Seamus McCarthy:

Say one has an asset in Scotland. One acquires it at a price in 2010 and subsequently, if property prices in Scotland fall, one would say that if one were to sell it in two or three years, as planned, one would not get the value back. In the cashflow, one reduces the amount one thinks one will get back from it and compares it to the amortised value. The difference between the two figures is the impairment figure. One has to charge-----