Mr. Rónán Hession:

It is. The rules, as Mr. Cody has said, are OECD standard rules and everybody is following these rules internationally. I believe that Ireland was the first to introduce the OECD-compliant rules. The research and development tax credit is more for the expenditure and what the company spends. The company might not necessarily spend that on creating the patent. The KDB will only apply when the company creates an intellectual property asset. Not all research and development is about creating an intellectual property asset.