Mr. Robert Watt:

We have made progress on the issues raised by the Comptroller and Auditor General in his report since its publication. We have issued a circular and we are working with Departments to ensure they first identify assets and that they put a proper valuation on those assets. One can put a valuation on land but for buildings it is a question of their nature. There is the question of the current use value of the buildings and whether it is a historical value, which would make sense in many cases. It really depends on the nature of the asset class. The Deputy is raising a related but separate question, which is ensuring we have a fully up to date list of the assets. Many of the properties that are not very visible, and certainly which are not set out in detail in the accounts, would not have any residual value. That is the reality.