Mr. Seamus McCarthy:

I think the situation in Waterford is different to the ongoing deficit situations in other institutes. The point of the restructuring was to identify the level of deficit which had accumulated in Waterford. As the 2013-14 accounts are the first where they were consolidated, we now begin to see what the problem is in Waterford. I think there is a separate plan to deal with the situation there. There is a more general plan to deal with the deficit situation in other institutes. One will see from the other accounts that there are six or seven which have recurrent deficit situations.