Ms Teresa McGrane:

I suppose what I would say is that I cannot comment other than obviously company law and employment law comes into play. The point I was trying to make was that as the Deputy has probably gathered from the previous sessions, film production is a pretty expensive business. Section 481 is just a part of it. With any projects of scale, and when I say "scale" I am really talking about projects of a value of more than €2 million, there needs to be other financing and banking in terms of ensuring the cash flows work within the production. Banks will often lend against contracts and pre-sales and often provide gap financing.