Mr. Niall Cody:

The figures for 2015 are not finalised. One reason the cost has increased while the number of claims has decreased is the manner in which the repayable credit is paid over a 33-month period. There are unused credits in the system that will be paid in the following year but relate to the previous year. There is a formula for how the repayable credit is paid over a 33-month period. There are in-built figures for claimed but not repaid R&D credits which span onto the next year. That accounts for the increase in the amount paid each year. Does the Deputy understand my point?