Mr. Brian Kavanagh:

We have a very comprehensive procurement function. There are no subsidiaries of the companies that are referred to. They are all listed in our accounts. We are involved, in an ownership capacity, with four racecourses: Leopardstown, Fairyhouse, Navan and Tipperary. They are wholly owned subsidiaries. As the Comptroller and Auditor General mentioned, we have shares in the Curragh and Cork Racecourse Mallow. We would operate through the HRI procurement service, which provides procurement services for those racecourses. Catering is a great example. We tender for catering every four years for the four racecourses that we own.