Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The activity happened in year one because the credit was realised in year one. The only thing is that it is not being fully realised or cannot be drawn down for up to three years, which, for a company that is emerging or growing, is a big issue in terms of cashflow. Obviously, it is not able to draw it down because it would not have the corporation tax liability, so we are not talking about massive profitable companies.