Mr. Bryan Maher:

To be honest, it is almost harmful. The €200 is a level that can be referred to and there is a resistance level above that when directors are trying to put in place a sinking fund. We strongly advocate that a building life cycle report must be prepared in detail and that it does not stop after ten years. It must go through a 40 year cycle, incorporating lift and roof replacements. That could be used to calculate scientifically what the appropriate sinking fund contribution should be per annum. It should not be a finger in the air calculation. There are ways and means of calculating this. The developer at the time, who installs the lifts etc., will know exactly the life cycle of those components and therefore should be obliged in terms of the handover to present a life cycle report to the owner management company. A fair and sustainable sinking fund contribution could be then calculated.