Mr. John Jordan:

I thank Deputy Carthy. We buy in a number of different models, ranging from fixed price, which accounts for about 7% of our annual purchases; index linked, which would be linked to international quota commodity markets like the European exchange; spot deals, which are deals done on the day with individuals who purchase product; or longer-term contracts, based on formula and history within Ornua. That then comes in centrally into Ornua and we have an inventory of product to sell. We then sell that product across a customer base in a very similar manner, whether it is fixed, index linked, on the spot or, indeed, longer-term contracts. The benefit or financial performance of all that comes out in the Ornua results. It is in the 2021 results or in the budget for 2022. It is that set of transactions that allows Ornua pay the product price, which is referenced through the PPI, and then in turn, allows us to pay the Ornua value payment.