Seán Fleming (Laois, Fianna Fail) | Oireachtas source

It is. Their consolidated accounts have been presented to us. A few phrases have been used in the course of this morning's meeting in particular. IMI is a 100%-owned subsidiary of UCC. It is part of the college. While it has a separate legal identity, it is part of UCC. If anything goes wrong there, is it ultimately UCC's problem because it is 100% the parent company. Is that agreed? Yes, we are agreed on that. In effect, it is part of the UCC consolidated group. The phrase "new income" was used several times this morning in relation to the income from IMI. The income is from the university to the university, however, and I have difficulty. In the consolidated accounts, it is not as if IMI has one set of income and UCC has another. In the consolidated accounts, is that money flowing from one part of the group to the other part deconstructed or taken out? Can the Comptroller and Auditor General say?