Mr. Colm McGinty:

I met the FAI in December regarding our programmes, investment and how the programmes are delivering against the targets for the year.

Regarding the query about financial statements and early drawdowns, it is important to note that the accounts are signed off by the FAI's auditors on a going concern basis, which indicated that there are no short-term solvency issues. That is something that we paid very close attention to as part of the mid-year review process. Queries were raised in regard to the financial position and our chief executive has outlined those in his statement.