Mr. Brendan McDonagh:

Hypothetically, to explain this right, if one has €200 million worth of par debt on the loans and three assets, of which two are sold for €80 million, there will still be €120 million worth of par debt outstanding with one asset left. If the last asset is only worth €10 million, one will only have got €90 million for €200 million worth of loans. If one says one only got €10 million for selling €120 million worth of loans, it looks like a very small percentage. However, that ignores the fact that the other assets were sold to which unpaid par debt was attached. That is the context and explains it in as simple terms as possible. We look at this in terms of the overall connection because there were asset sales and a residual loan sale. If one combines the asset sales and the loan sales and looks at it against the unpaid debt, it looks like small amount if one looks only at the loan sale in relation to the unpaid par debt. However, there is a reasonable explanation for it, which is what I am saying to Deputy Connolly. We look at this in the round. We are not looking at it in the context of just-----