Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

I welcome the witnesses this morning. I acknowledge the extraordinary work that team IDA has undertaken in recent years, especially during a difficult time for our country and people.

I want to ask some questions on the accounts relating to rental income. There seems to be a decline from €1.6 million in 2014 to €753,000. Given that IDA Ireland is reversing impairments in its accounts, its property is getting more valuable and it is benefitting from the uplift in the marketplace, why is rental income collapsing at such a rate?