Seán Fleming (Laois, Fianna Fail) | Oireachtas source

The difference in the figures is associated with the different discount rates on which the cashflow would be discounted, be it 5.5%, 10% or otherwise. That is where the difference comes in. Is that correct from a layman's point of view? Maybe it is not.

I will let the Comptroller and Auditor General finish and then let in Deputy David Cullinane.

Mr. McCarthy understands my question. The public is utterly confused over this and I am trying to simplify it. NAMA could have chosen to hold on to the assets or to sell them. Mr. McCarthy stated one option probably would have been more beneficial than the other. He arrived at that conclusion based on using a particular discount rate, whereas NAMA is saying another discount rate might have been more appropriate and would have resulted in a different outcome. Is that it in layman's English? I am trying to simplify it.