Mr. Richard Collins:

Good morning to all. I am the chief financial officer. In note 2 on page 110 of the annual accounts, we set out how the licence fee is allocated. In summary, the licence fee is first allocated to cover the cost of the activities that are not capable of generating commercial revenues. It is then spread across the other channels that are capable of generating advertising or other commercial income. For instance, the cost of running Lyric FM is approximately €5 million per year and €5 million of licence fee funding is allocated to it instead of-----