Ms Éilish Finan:

I was not involved in the absolute decision on the value of £1.322 billion as the sale price. However, it is important, for the for the record of the committee, to point out that the carrying value, which was effectively hinged the discount rate of 5.5%, is an accounting technical carrying value that was struck in 2010, based on IAS 39 and on the requirement to strike the effective interest rate at that point.